Sovereign disclosure on financial risks of climate change: international developments and recommendations for Colombia

Year Published

2023

Contributing Organizations

Transforma

Type of Resource

Research/Insights Report

Languages

Spanish

Relevant Topics

Core Topic

Climate Policies & Frameworks

Target Audience

Governments & Policymakers

Banks

MDBs/DFIs

Advisors & Consultants

Asset Managers

Relevant Geography

Latin America and the Caribbean

Resource Description

This policy brief highlights the importance of sovereign climate-related financial disclosures, noting that public sector reporting lags behind private sector progress under frameworks like the TCFD. It focuses on how climate risks could impact Colombia’s economy and public finances.

Why This Matters

Sovereign disclosures are key to aligning national financial systems with climate goals. This brief underscores the value of transparency for strengthening fiscal planning and attracting climate-aligned investment.

Key Insights

Identifies physical and transition risks as threats to Colombia’s fiscal and economic stability
Argues that sovereign climate disclosures can improve investor confidence and risk management
Suggests transparency supports strategic planning and capital mobilization for resilience

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