FINMA Circular 2026/1 Nature-related financial risks | Country Risk & Compliance Profiles

Plain-English summary

Adopted 12 December 2024. Requires banks and insurers to identify, assess and manage climate-related and other nature-related financial risks within their existing risk management, applied proportionately. Climate-related risks must be covered by 1 January 2026 for Category 1-2 institutions and 1 January 2027 for Category 3-5, with full implementation by 1 January 2028.

Who it applies to

Banking · Insurance

Topics

Prudential & Capital ESG & Climate Risk

Obligations arising from this law or regulation

Obligation	Timing	Regulator	Source
Management of climate- and nature-related financial risks	Climate risks from 1 Jan 2026 (Categories 1-2) or 1 Jan 2027 (Categories 3-5); full implementation by 1 Jan 2028	—	official
Circular 2026/1 requires banks and insurers to define responsibilities, identify and assess material climate and other nature-related financial risks using scenario analyses, integrate them into risk management and check that sustainability statements match their strategy. Category 1 and 2 banks must gradually integrate them into stress tests.
No obligations match these filters.

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