A Climate a Biodiversity Risks Toolkit for Financial Supervisors

Year Published

2022

Contributing Organizations

International Monetary Fund (IMF)

Global Affairs Canada (GAC)

Toronto Centre

The Swedish International Development Cooperation Agency (Sida)

Type of Resource

Tool

Languages

English

Relevant Topics

Core Topic

Risk Management

Target Audience

All

Relevant Geography

Global

Resource Description

This Toronto Centre Toolkit is designed for financial supervisors in emerging markets and developing economies addressing four broad questions corresponding to the steps that a supervisory authority should take when addressing climate and biodiversity-related risks to its supervisory objectives.

Why This Matters

Better risk management by financial institutions may lead to some climate and biodiversity-related risks being reduced and enhanced disclosures can encourage investor preferences for climate and biodiversity friendly investments.

Key Insights

Outlines the impact of climate and biodiversity-related risks on countries and the financial sector
Recommends supervisory approaches that assess the vulnerability of their financial sector is, the quality of governance and risk management in identifying and mitigating risk, the financial stability implications of climate change, and many more
Links to key resources section for specific areas

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