A framework for the voluntary disclosure of climate-related financial risks
Why this matters
This is a Basel Committee framework document on voluntary disclosure of climate-related financial risks. The content explicitly targets banks and establishes a framework (both qualitative and quantitative) for disclosure. It is informational/guidance in nature (voluntary, not binding), making urgency null. Significance is 3 because it represents noteworthy regulatory guidance with clear signals on climate risk disclosure expectations, though voluntary status and flexibility provisions limit immediate binding impact. Sectors and topics are directly supported by the text.
AI-generated classification rationale, not a full analysis. Verify with the original BIS source before acting. Full disclaimer.
What the BIS said
This voluntary framework for the disclosure of climate-related financial risks includes both qualitative and quantitative information. The Committee has agreed this framework will be voluntary in nature, with jurisdictions to consider whether to implement it domestically.
Published by BIS . Read the full notice at the source for the authoritative text.
Context
Bank for International Settlements (BIS) — Hosts the Basel Committee, whose capital and liquidity standards national regulators implement. We track 62 updates from them.
Global standard-setters whose frameworks are adopted into national regulation. Browse all International updates.
This update is classified under Reporting & Disclosure, ESG / Sustainability and Banking & Credit.