Regulatory Alerts2023-01-01
Climate Risk Management Guideline No. 1/2023 BSD
The Reserve Bank of Zimbabwe mandates all licensed financial institutions to integrate physical and transition climate risks into their governance, risk management frameworks, and capital adequacy assessments. Regulated entities must establish clear board oversight, implement firm-wide risk identification processes across the three lines of defence, and provide quarterly reports on material climate exposures. Aligning strategic planning, internal controls, and capital buffers with these environmental drivers strengthens sector resilience while supporting the national transition to a low-carbon economy.
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