Impact and risk management of climate change

Year Published

2022

Contributing Organizations

Transforma

Type of Resource

Framework

Languages

Spanish

Relevant Topics

Core Topic

Climate Policies & Frameworks

Target Audience

Insurers

Banks

Governments & Policymakers

Asset Owners

Advisors & Consultants

Relevant Geography

Latin America and the Caribbean

Resource Description

This resource analyzes the technical, legal, and regulatory framework for managing climate risks within Colombian Pension Fund Administrators and insurance companies. It outlines key regulatory tools and climate risk categories relevant to the financial sector.

Why This Matters

Strengthening climate risk management in pensions and insurance supports more resilient investments and aligns financial practices with Colombia’s national and global climate goals.

Key Insights

Defines physical and transition climate risks and their relevance to investment strategies
Explains the role of the TCFD and Colombia’s Circulars 7 and 8 in guiding ESG integration and disclosure
Highlights legal risks, consumer protection considerations, and possible sanctions for non-compliance
Reviews international regulatory trends influencing domestic policy
Provides recommendations to improve risk measurement, supervision, and transparency

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