Regulatory Alerts2024-03-25
Reserve Bank of New Zealand Guidance on Managing Climate-Related Risks
The Reserve Bank of New Zealand issued this voluntary guidance to help prudentially regulated entities improve their management of climate-related risks to support financial stability. The document outlines best practices across four key areas: governance, strategy, risk management, and metrics, emphasizing the integration of physical and transition risks into core business operations. While non-binding, the guidance informs the Reserve Bank's supervisory approach and aligns with the Aotearoa New Zealand Climate Standards for reporting entities.
Share