The Dubai Financial Services Authority’s (DFSA) Task Force on Sustainable Finance (TFSF) has today issued a publication on Climate and Environmental Risk Management.

Comprising members from international financial institutions based in the Dubai International Financial Centre (DIFC), the TFSF aims to drive forward discussions regarding sustainable finance in the DIFC with the goal of supporting the consistent application and adoption of global regulatory standards for sustainable finance in the DIFC.

The publication, which features insights from seven TFSF members: Bloomberg, DBS Bank, Franklin Templeton, HSBC Bank Middle East, Natixis Corporate and Investment Banking, Standard Chartered and S&P Global, contributes to the global debate on how best to address and mitigate the physical and transition risks stemming from climate change, as well as broader environmental risks in the UAE.

Ian Johnston, Chief Executive of the DFSA said: “This Climate and Environmental Risk Management publication forms an integral part of our work to foster an open dialogue on sustainability within the DIFC and the UAE. We are extremely grateful to the Task Force members who contributed to this publication for sharing their views on this important topic.”