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News
22.12.2023
FINANCIAL COMPANIES WERE GIVEN RECOMMENDATIONS ON TAKING INTO ACCOUNT CLIMATE RISKS
Financial institutions are invited to analyse emerging climate risks based on potential scenarios and create systems for monitoring them. Measures to reduce the adverse consequences of such threats and approaches to information disclosure are indicated.
The Russian economy is vulnerable to climate risks due to high carbon intensity and geographic factors. Damage from natural hazards associated with climate change is increasing. This negatively impacts the profits and asset values of non-financial companies, households and other clients of financial institutions, which creates systemic threats.
Guidance will be issued for banks in 2024 to consider climate risks when assessing capital adequacy.
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