Climate Change: Issues for Securities Supervisors

Resource Description: This resource supports supervisors to build climate considerations into a risk-based supervisory approach.

Key Insights:

1. Addresses three key areas where climate impacts are relevant for securities supervisors: (1) issuer obligations to disclose material information and risks; (2) risk management in securities firms, and (3) green investing
2. Outlines specific actions securities supervisors can take, like adjusting supervisory practices to reflect the growing importance of climate risks, as well as more practical steps like raising awareness
3. Points to existing standards and tools which can be used as a basis, and indicates areas where expectations and tools are likely to evolve
4. Identifies common challenges like data gaps and limited disclosure

Why This Matters: Climate change and the transition are already affecting securities markets. Securities supervisors can assess and mitigate climate risks using existing principles and standards.