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.

Data collections
Surveys
Methodology Benchmarking
Peer comparison Study
Peer Discussions

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 Draft Guidelines on management of ESG Risks - consultation paper (2024)
• EBA industry survey on the classification of exposures to ESG risks (2024)
• One-off Fit-for-55 climate risk scenario analysis. (2023)
• 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 Paper: Road to Paris: stress testing the transition towards a net-zero economy (2023)
• ECB report on good practices for climate stress testing (2022)
• SSM supervisory priorities for 2023-2025
• 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)

• The Enhancement and Standardization of Climate-Related Disclosures for Investors, Securities and Exchange Commission (SEC) (2024)
• Principles for Climate-Related Financial Risk Management
  for Large Banks (2023)
• 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

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

Active Surveys - Please participate!

This survey is aimed to understand how banks estimate the effects of LT and ST ESG Scenarios on funding costs and the readiness of the banking sector to address ESG challenges and opportunities. If you are interested on this topic, see GCD Resource website for UBS presentation on climate risk impact on funding costs.

Past Events