 "Reserve Bank of India, RBI")
Based on analysis of feedback received on a July 2022 discussion paper on Climate Risk and Sustainable Finance, the Reserve Bank of India (RBI) on Wednesday issued certain guidelines to regulated entities.
The guidelines consist of a broad framework for acceptance of green deposits, disclosure frameworks on climate-related financial risks and guidance on climate scenario analysis and stress testing, the RBI said today.
“The Reserve Bank recognises that climate change can translate into climate-related financial risks for Regulated Entities (REs) which can have broader financial stability implications", the central bank said.
The guidelines shall be issued in a phased manner
