Guideline 2022 status not recorded
Guideline on Climate-related and Environmental Financial Risk Management
Issued by Bank of Mauritius
Effective: 1 Apr 2022
Plain-English summary
Bank of Mauritius guideline BOM/BSD 44/April 2022 for banks and non-bank deposit-taking institutions. It asks boards to approve a climate and environmental risk framework, requires scenario analysis and stress testing, and sets annual public disclosure from the financial year ending 31 December 2023.
Who it applies to
Banking
Topics
Prudential & Capital ESG & Climate Risk
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| Climate and environmental financial risk framework and disclosure by banks | Frequency Annual disclosure from the financial year ended 31 December 2023 | BOM | official | |
Boards must approve a climate and environmental risk strategy and framework, senior management must report to the board at least half-yearly, and institutions must use scenario analysis and stress testing. Annual disclosure on governance, strategy, risk management and metrics is required in annual reports from the financial year ending 31 December 2023. |
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| No obligations match these filters. | ||||
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