GCBC Logo

Emerging Economies: Climate Risks and Best Practices for Climate Risk Disclosure

Emerging Economies: Climate Risks and Best Practices for Climate Risk Disclosure

Year Published

2023

Contributing Organizations

United Nations Environment Programme Finance Initiative (UNEP-FI)

Type of Resource

Guidance

Languages

English

Relevant Topics

Core Topic
Disclosure Standards - Voluntary
Topic 2
Risks & Opportunities: The Business Case
Topic 3
Risk Management

Target Audience

Banks
Governments & Policymakers

Relevant Geography

Africa
Middle East and North Africa
Asia & the Pacific
Central Asia
Latin America and the Caribbean
Emerging Economies: Climate Risks and Best Practices for Climate Risk Disclosure

Resource Description

This resource examines how climate-related financial risks affect emerging economies and outlines supervisory best practices, drawing on case studies from Brazil, Indonesia, Malaysia, Mexico, the Philippines, South Africa, and Türkiye.

Why This Matters

As emerging economies are particularly vulnerable to climate risks, this resource offers practical guidance to strengthen supervisory capacity and financial system resilience.

Key Insights

  • Emerging economies face high physical climate risks, data limitations, and institutional capacity gaps
  • Case studies highlight tools such as scenario analysis, stress testing, taxonomies, and disclosure requirements
  • Emphasizes the need for capacity building for regulators and smaller financial institutions
  • Stresses the importance of public-private collaboration and alignment with international standards
  • Key challenges include limited resources, weak data systems, and the need for tailored approaches

Was this resource helpful?

We'd love to hear from you! You can share your feedback or suggest a resource below.

Share Your FeedbackSuggest a Resource

Related Resources

Additional guidance for financial institutions (TNFD) resourceAdditional guidance for financial institutions (TNFD) resource

Additional guidance for financial institutions (TNFD)

2024

To
Taskforce on nature-related financial disclosures (TNFD) recommendations resourceTaskforce on nature-related financial disclosures (TNFD) recommendations resource

Taskforce on nature-related financial disclosures (TNFD) recommendations

2023

To
LSFI Resource Hub - EU Sustainable Finance Regulation resourceLSFI Resource Hub - EU Sustainable Finance Regulation resource

LSFI Resource Hub - EU Sustainable Finance Regulation

2025

LS
China’s Road to Carbon Clarity: Why Banks Should Accelerate Financed Emissions Disclosure resourceChina’s Road to Carbon Clarity: Why Banks Should Accelerate Financed Emissions Disclosure resource

China’s Road to Carbon Clarity: Why Banks Should Accelerate Financed Emissions Disclosure

2025

AR
Summary outcomes of the Roundtable on Macroeconomic Resilience in Small States resourceSummary outcomes of the Roundtable on Macroeconomic Resilience in Small States resource

Summary outcomes of the Roundtable on Macroeconomic Resilience in Small States

2025

a
Leaving No One Behind: Unlocking Finance in Emerging Markets resourceLeaving No One Behind: Unlocking Finance in Emerging Markets resource

Leaving No One Behind: Unlocking Finance in Emerging Markets

2025

SB
IF
A Practical Guide to Understanding and Establishing Climate Finance Units resourceA Practical Guide to Understanding and Establishing Climate Finance Units resource

A Practical Guide to Understanding and Establishing Climate Finance Units

2025

UF
NP
Part I: Navigating Legal Duties & Sustainability in an Era of Divergence and Disruption resourcePart I: Navigating Legal Duties & Sustainability in an Era of Divergence and Disruption resource

Part I: Navigating Legal Duties & Sustainability in an Era of Divergence and Disruption

2025

CG
Decoding Carbon Markets: A simple guide for engaging and trading under carbon markets resourceDecoding Carbon Markets: A simple guide for engaging and trading under carbon markets resource

Decoding Carbon Markets: A simple guide for engaging and trading under carbon markets

2025

SD
India's Power Sector: A Primer resourceIndia's Power Sector: A Primer resource

India's Power Sector: A Primer

2025

AR
Additional guidance for financial institutions (TNFD) resourceAdditional guidance for financial institutions (TNFD) resource

Additional guidance for financial institutions (TNFD)

2024

To
Taskforce on nature-related financial disclosures (TNFD) recommendations resourceTaskforce on nature-related financial disclosures (TNFD) recommendations resource

Taskforce on nature-related financial disclosures (TNFD) recommendations

2023

To
LSFI Resource Hub - EU Sustainable Finance Regulation resourceLSFI Resource Hub - EU Sustainable Finance Regulation resource

LSFI Resource Hub - EU Sustainable Finance Regulation

2025

LS
China’s Road to Carbon Clarity: Why Banks Should Accelerate Financed Emissions Disclosure resourceChina’s Road to Carbon Clarity: Why Banks Should Accelerate Financed Emissions Disclosure resource

China’s Road to Carbon Clarity: Why Banks Should Accelerate Financed Emissions Disclosure

2025

AR
Summary outcomes of the Roundtable on Macroeconomic Resilience in Small States resourceSummary outcomes of the Roundtable on Macroeconomic Resilience in Small States resource

Summary outcomes of the Roundtable on Macroeconomic Resilience in Small States

2025

a
Leaving No One Behind: Unlocking Finance in Emerging Markets resourceLeaving No One Behind: Unlocking Finance in Emerging Markets resource

Leaving No One Behind: Unlocking Finance in Emerging Markets

2025

SB
IF
A Practical Guide to Understanding and Establishing Climate Finance Units resourceA Practical Guide to Understanding and Establishing Climate Finance Units resource

A Practical Guide to Understanding and Establishing Climate Finance Units

2025

UF
NP
Part I: Navigating Legal Duties & Sustainability in an Era of Divergence and Disruption resourcePart I: Navigating Legal Duties & Sustainability in an Era of Divergence and Disruption resource

Part I: Navigating Legal Duties & Sustainability in an Era of Divergence and Disruption

2025

CG
Decoding Carbon Markets: A simple guide for engaging and trading under carbon markets resourceDecoding Carbon Markets: A simple guide for engaging and trading under carbon markets resource

Decoding Carbon Markets: A simple guide for engaging and trading under carbon markets

2025

SD
India's Power Sector: A Primer resourceIndia's Power Sector: A Primer resource

India's Power Sector: A Primer

2025

AR
Additional guidance for financial institutions (TNFD) resourceAdditional guidance for financial institutions (TNFD) resource

Additional guidance for financial institutions (TNFD)

2024

To
Taskforce on nature-related financial disclosures (TNFD) recommendations resourceTaskforce on nature-related financial disclosures (TNFD) recommendations resource

Taskforce on nature-related financial disclosures (TNFD) recommendations

2023

To
LSFI Resource Hub - EU Sustainable Finance Regulation resourceLSFI Resource Hub - EU Sustainable Finance Regulation resource

LSFI Resource Hub - EU Sustainable Finance Regulation

2025

LS
China’s Road to Carbon Clarity: Why Banks Should Accelerate Financed Emissions Disclosure resourceChina’s Road to Carbon Clarity: Why Banks Should Accelerate Financed Emissions Disclosure resource

China’s Road to Carbon Clarity: Why Banks Should Accelerate Financed Emissions Disclosure

2025

AR
Summary outcomes of the Roundtable on Macroeconomic Resilience in Small States resourceSummary outcomes of the Roundtable on Macroeconomic Resilience in Small States resource

Summary outcomes of the Roundtable on Macroeconomic Resilience in Small States

2025

a
Leaving No One Behind: Unlocking Finance in Emerging Markets resourceLeaving No One Behind: Unlocking Finance in Emerging Markets resource

Leaving No One Behind: Unlocking Finance in Emerging Markets

2025

SB
IF
A Practical Guide to Understanding and Establishing Climate Finance Units resourceA Practical Guide to Understanding and Establishing Climate Finance Units resource

A Practical Guide to Understanding and Establishing Climate Finance Units

2025

UF
NP
Part I: Navigating Legal Duties & Sustainability in an Era of Divergence and Disruption resourcePart I: Navigating Legal Duties & Sustainability in an Era of Divergence and Disruption resource

Part I: Navigating Legal Duties & Sustainability in an Era of Divergence and Disruption

2025

CG
Decoding Carbon Markets: A simple guide for engaging and trading under carbon markets resourceDecoding Carbon Markets: A simple guide for engaging and trading under carbon markets resource

Decoding Carbon Markets: A simple guide for engaging and trading under carbon markets

2025

SD
India's Power Sector: A Primer resourceIndia's Power Sector: A Primer resource

India's Power Sector: A Primer

2025

AR
Additional guidance for financial institutions (TNFD) resourceAdditional guidance for financial institutions (TNFD) resource

Additional guidance for financial institutions (TNFD)

2024

To
Taskforce on nature-related financial disclosures (TNFD) recommendations resourceTaskforce on nature-related financial disclosures (TNFD) recommendations resource

Taskforce on nature-related financial disclosures (TNFD) recommendations

2023

To
LSFI Resource Hub - EU Sustainable Finance Regulation resourceLSFI Resource Hub - EU Sustainable Finance Regulation resource

LSFI Resource Hub - EU Sustainable Finance Regulation

2025

LS
China’s Road to Carbon Clarity: Why Banks Should Accelerate Financed Emissions Disclosure resourceChina’s Road to Carbon Clarity: Why Banks Should Accelerate Financed Emissions Disclosure resource

China’s Road to Carbon Clarity: Why Banks Should Accelerate Financed Emissions Disclosure

2025

AR
Summary outcomes of the Roundtable on Macroeconomic Resilience in Small States resourceSummary outcomes of the Roundtable on Macroeconomic Resilience in Small States resource

Summary outcomes of the Roundtable on Macroeconomic Resilience in Small States

2025

a
Leaving No One Behind: Unlocking Finance in Emerging Markets resourceLeaving No One Behind: Unlocking Finance in Emerging Markets resource

Leaving No One Behind: Unlocking Finance in Emerging Markets

2025

SB
IF
A Practical Guide to Understanding and Establishing Climate Finance Units resourceA Practical Guide to Understanding and Establishing Climate Finance Units resource

A Practical Guide to Understanding and Establishing Climate Finance Units

2025

UF
NP
Part I: Navigating Legal Duties & Sustainability in an Era of Divergence and Disruption resourcePart I: Navigating Legal Duties & Sustainability in an Era of Divergence and Disruption resource

Part I: Navigating Legal Duties & Sustainability in an Era of Divergence and Disruption

2025

CG
Decoding Carbon Markets: A simple guide for engaging and trading under carbon markets resourceDecoding Carbon Markets: A simple guide for engaging and trading under carbon markets resource

Decoding Carbon Markets: A simple guide for engaging and trading under carbon markets

2025

SD
India's Power Sector: A Primer resourceIndia's Power Sector: A Primer resource

India's Power Sector: A Primer

2025

AR