Canadian regulators support ISSB Standards adoption but may be cautious in mandating them due to complexities. This article delves into the challenges and advancements of climate-related financial disclosures in Canada's banking sector. Discover how regulatory bodies are navigating the transition to align with global norms while considering local economic realities.
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Earlier this year, the NGFS released its recommendations report for Sustainable and Responsible Investment (SRI) in central banks’ portfolio management, highlighting challenges in chronic physical risk assessments. In this article, we explore key methodological and data challenges and potential solutions central banks should consider to enhance their sustainability risk management.
Many coasts around the world are eroding, placing significant values of assets at risk of being flooded or destroyed. Financial institutions and asset managers need data to know about the reasons for these physical risks from coastal erosion to then make informed and successful adaptation and retrofitting decisions.