Climate Risk Management Guideline No. 01-2023/BSD

Plain-English summary

Applies to institutions licensed under the Banking Act, Building Societies Act and Microfinance Act. Requires board oversight with at least quarterly reporting (s 4.5), climate risk in ICAAP and ILAAP, scenario analysis (ss 4.46-4.50) and climate risk disclosure on governance, strategy, risk management and metrics (ss 6.1-6.3).

Who it applies to

Banking · NBFC / Non-bank Lending

Topics

Prudential & Capital ESG & Climate Risk

Obligations arising from this law or regulation

Obligation	Timing	Regulator	Source
Board reporting on climate-related financial risk	Frequency At least quarterly	—	source
Section 4.5 states that reporting to the board on climate risk should be done at least quarterly; ss 6.1-6.3 require climate risk disclosures in published financial statements covering governance and strategy and, where material, risk management and metrics.
No obligations match these filters.

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