GCD ESG and Climate Risk Solutions

GCD's Climate Risk Focus group - formed of credit risk professionals from banks globally - aimed to help shape associations' approach to climate-related credit risks. The focus group serves as a center for collaboration and knowledge exchange among climate and risk experts.

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ESG & Climate Upcoming Events

Regulatory Climate Risk Resource Hub

This online resource serves as a central page for credit risk/ESG/climate risk professionals seeking information on climate risk management from various global regions, within the GCD membership base. The page is designed for easy navigation, enabling quick access to region-specific climate risk guidelines, reports and useful resources. Please note that this list is not exhaustive and is subject to updates as necessary.

European Banking Authority (EBA)

• EBA One-off Fit-for-55 climate risk scenario analysis Results (2023/2024)
• EBA Draft Guidelines on management of ESG Risks - consultation paper (2024)
• EBA industry survey on the classification of exposures to ESG risks (2024)
• Results of its 2023 EU-wide stress test (2023)
• Report on enhancements to the Pillar 1 framework to capture environmental and social risks (2023)
• Technical standards (ITS) on Pillar 3 disclosures on Environmental, Social and Governance (ESG) risks.
• EBA Roadmap on Sustainable Finance (2022)

European Central Bank (ECB)

• ECB Supervisory Priorities 2024-2026
• ECB Paper: Road to Paris: stress testing the transition towards a net-zero economy (2023)
• ECB report on good practices for climate stress testing (2022)
• Results of the 2022 thematic review on climate-related and environmental risks (2022)
• Results of the 2022 climate risk stress test of the Eurosystem balance sheet (2022)

Prudential Regulation Authority (PRA).

• Bank of England report on climate-related risks and the regulatory capital frameworks (2023)
• Bank of England and Prudential Regulation Authority (PRA) conference material on climate change and capital (2022)
• Results of the 2021 Climate Biennial Exploratory Scenario (CBES)

Office of the Superintendent of Financial Institutions (OSFI)

• Guideline B-15: Climate Risk Management, new Climate Risk Returns, What We Heard Report (2024)
• B-15 Guideline on financial institutions management of climate-related risks : Climate Risk Management (2023)
• Standardized Climate Scenario Exercise (SCSE) 2023 draft
• Results: Bank of Canada-OSFI Climate Scenario Analysis Pilot (2022)

Federal Reserve (Fed), Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC)

• US FED Climate Scenario Exercise - Results (2024)
• The Enhancement and Standardization of Climate-Related Disclosures for Investors, Securities and Exchange Commission (SEC) (2024)
• Principles for Climate-Related Financial Risk Managementfor Large Banks (2023) and FED letter
• Paper on What are Large Global Banks Doing About Climate Change? (2023)
• Pilot Climate Scenario Analysis (CSA) Exercise (2023)

Australian Prudential Regulation Authority (APRA)

• Results from Climate Vulnerability Assessment (CVA) of Australia’s five largest banks. (2022)
• Climate risk self-assessment survey
• Prudential Practice Guide CPG 229 Climate Change Financial Risks

Reserve Bank of New Zealand

• Results from 2023 Climate Stress Test

Prudential Authority (PA), The South African Reserve Bank (SARB)

• Proposed Guidance Note-Climate related disclosures for banks (2023)
• Climate change modelling framework for financial stress testing in Southern Africa (2022)
• Prudential Communication for Climate–related risks (2022)
• Prudential Authority Climate Survey Report 2021

Past Events