Climate-related Risks

FSB Response to the IFRS Foundation’s Consultation Paper on Sustainability Reporting

The FSB supports the recommended approach by the Trustees of the IFRS Foundation to initially focus on standards for climate-related financial disclosures, as an important initiative to promote globally consistent disclosures and avoiding fragmentation.

FSB encourages the IFRS Foundation and authorities to use TCFD’s recommendations as the basis for climate-related financial risk disclosures

FSB statement of support for using the Task Force on Climate-related Financial Disclosures (TCFD) recommendations as the basis for climate-related disclosures

FSB Americas group discusses financial market developments and enhancing cross-border payments

FSB holds virtual meeting of the Regional Consultative Group for Americas.

FSB Sub-Saharan Africa group discusses regional vulnerabilities and enhancing cross-border payments

FSB holds virtual meeting of the Regional Consultative Group for Sub-Saharan Africa.

The implications of climate change for financial stability

Report analyses the potential cross-border transmission and amplification of climate-related risks and sets out next steps.

FSB examines financial stability implications of climate change

FSB analyses how climate-related risks might impact, or be amplified by, the financial system, including across borders.

FSB welcomes TCFD status report

Disclosure has steadily increased since the recommendations of the FSB Task Force on Climate-related Financial Disclosures were published in 2017.

2020 Status Report: Task Force on Climate-related Financial Disclosures

Annual report on TCFD-aligned disclosures by firms.

FSB Chair updates G20 on action to harness benefits from financial technology and innovation

Technology and innovation are transforming the global financial landscape, presenting opportunities, risks and challenges.

FSB Chair’s letter to G20 Finance Ministers and Central Bank Governors: October 2020

FSB Chair Randal K. Quarles’ letter to the G20 ahead of their October virtual meeting.

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