FSB: Outlines progress made on addressing financial risks from climate change

FSB: Outlines progress made on addressing financial risks from climate change

• FSB is an international body that monitors and makes recommendations about the global financial system
• Published its first annual progress report on the July 2021 Roadmap for Addressing Climate-Related Financial Risks
• The report takes stock of progress by standard-setting bodies (SSBs) and other international organizations
• Financial authorities should continue to embed the supervision of climate-related risks into overall supervisory frameworks
• The Roadmap sets out a comprehensive and coordinated plan for addressing climate-related financial risks, including steps
• Coordinates at the international level the work of national financial authorities and international standard-setting bodies