Disclosure requirement and guidance development
We worked with a central bank and market supervisor to explore good practices in climate related financial risk disclosure and develop a set of effective reporting requirements
Client context
The supervisory authorities wanted to:
- Understand good practices around climate risk disclosure
- Create guidance for disclosure for financial actors
- Provide capacity-building and knowledge diffusion to their supervisees
Project overview
- Evaluated and compared standards from the ISSB, ESRS, GRI, and the TCFD to identify interoperability and key differences
- Developed case studies on the different elements of climate disclosures in order to determine good practices
- Created a hands-on training curriculum to help financial institutions embark on climate risk disclosure and address common challenges
Results achieved
- Produced a landscape assessment of climate-related financial risk disclosure practices aligned with the work of the ISSB
- Developed a set of climate-related financial disclosure requirements for the supervisor as well as elements for assessing the quality of disclosures
- Provided multiple training workshops on capacity-building and sensitization to the financial industry