Policy Report No. 1 What's next with regard to financial supervision and climate change in Colombia?

Year Published

2020

Contributing Organizations

Transforma

Type of Resource

Research/Insights Report

Languages

Spanish

Relevant Topics

Core Topic

Climate Policies & Frameworks

Target Audience

Governments & Policymakers

Asset Owners

Banks

MDBs/DFIs

Advisors & Consultants

Relevant Geography

Latin America and the Caribbean

Resource Description

This report examines the integration of climate-related risks into Colombia’s financial supervisory framework. It assesses current practices among institutional investors and highlights the need for clearer regulatory guidance to improve climate risk management across the financial sector.

Why This Matters

Effective supervision of climate risks is essential to safeguard financial stability and ensure Colombia’s financial sector is prepared for a low-carbon transition. This report provides a roadmap to guide regulatory alignment and institutional resilience.

Key Insights

Identifies uneven adoption of climate risk measures and limited effectiveness among institutional investors
Proposes a “Prudential Supervision Expectations Report” to align institutions with international best practices
Recommends collaborative action by financial authorities, including the Ministry of Finance, Financial Superintendence, and Central Bank

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