DFSA

CLIMATE AND ENVIRONMENTAL RISK MANAGEMENT

In November 2022, the DFSA Task Force on Sustainable Finance (TFSF) authored a collection of short essays on climate and environmental risk management with the contribution of seven of its members: Bloomberg, DBS Bank, Franklin Templeton, HSBC Bank Middle East, Natixis Corporate and Investment Banking, Standard Chartered Bank and S&P Global.

As financial services and markets play an increasingly critical role in sustainable development, the need for financial institutions to understand, assess and address climate and environmental financial risks becomes more urgent. This anthology offers a wide range of perspectives from across the financial sector on how best to embed, identify, measure, disclose, analyse, address and mitigate the physical and transition risks stemming from climate change for the financial sector, as well as broader environmental risks in the UAE.

Established in 2021, the DFSA TFSF has driven forward the debate on sustainable finance to influence and support the DFSA’s work on appropriate understanding, consistent adoption and application of sustainability-related global regulatory standards within the DIFC. In 2023, we will continue to engage with our regulatory community through the TFSF and other DIFC, UAE and international fora.

 

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