2021-12-30
Added · Updated
The Hong Kong Monetary Authority issued Supervisory Policy Manual GS-1 to establish expectations for climate risk management within all authorized institutions. The document requires banks to integrate climate-related risks into their overall risk management frameworks, governance structures, and strategic planning processes. It mandates the identification, assessment, and mitigation of both physical and transition risks to ensure financial stability and resilience against climate change impacts.
SPM-NGL
Current
Issue Date:
30 Dec 2021
GS-1.pdf (607.7 KB)
Topic:
Green & Sustainable Banking - Climate risk management
Keyword:
Group:
All Authorized Institutions
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