Imagine running a bakery that suddenly faces a severe drought, causing local farmers to fail in supplying your ingredients. Your bakery's future looks bleak. Now, think about banks dealing with similar climate change challenges on a much larger scale. The Reserve Bank of India's new draft framework aims to help banks tackle these immense risks head-on. But are they ready for the unpredictable storms ahead? Dive into how banks are gearing up to protect their financial stability against climate change's growing threats and discover if they can weather the storm.
#ClimateRisk #GreenFinance #BankingFuture #RBI #SustainableBanking #ClimateChange #FinancialStability #EcoFriendly #BankingRevolution #ClimateAdaptation
BCBS (2022a): “Principles for the Effective Management and Supervision of Climate Related Financial Risks,” BIS, June.
BCBS (2022b): “Basel Committee Clarifies How Climate-related Financial Risks May be Captured in the Existing Basel Framework,” BIS press release, December.
Bandyopadhyay, A. (2024). Economic and Political Weekly, 59(No. 28).
Caby, Jérôme, Ydriss Ziane and Eric Lamarque (2020): “The Determinants of Voluntary Climate Change Disclosure Commitment and Quality in the Banking Industry,” December, Technological Forecasting and Social Change, 161(8): 120282 December 2020161(8): 120282 DOI: 10.1016/j.techfore.2020.120282.
RBI (2024): “Draft Disclosure Framework on Climate-related Financial Risks, 2024,” 28 February.
Sinha, A and S Bhanvadia (2024): “Climate Stress Testing and Scenario Analysis: Navigating Uncharted Waters,” RBI Bulletin, January, pp 137–45.
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