28 May 2024
Checklist For Climate-Related Financial Risk Management
Recent interagency guidance provides a framework for the risk management of climate-related financial risks for large financial institutions with over $100 billion in total consolidated assets. Practical Guidance developed this checklist to aid institutions and in-house counsel in understanding the risk management principles and provide recommendations to address climate-related financial risks for large financial institutions.
Related Content
- Climate-Related Risk and ESG Considerations for Banking Institutions
Review this practice note providing a view on emerging developments to enhance environmental, social, and governance (ESG) disclosure and climate-related initiatives for U.S. banking institutions. This note also includes discussion on existing and proposed disclosure requirements of the Securities and Exchange Commission (SEC) related to ESG matters.
- Risk Management and Governance for Large Financial Institutions
See this practice note for key information on the consolidated supervision framework for risk management of large financial institutions operating in the United States.
- Bank Climate-Related Financial Risk Regulatory Tracker
Explore key rules (final and proposed) on climate-related financial risk requirements undertaken by the White House, SEC, Department of Treasury, and other federal banking agencies.
- Financial Institutions Gear Up for Climate-Related Financial Risk Implications under Executive Order 14030
Access this article providing analysis of the policy objectives under the Biden Administration’s Executive Order to address climate-related financial risks and the potential implications for financial institutions.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Trends & Insights provides the latest in news articles and insight documents on trending areas for financial service organizations.
- Environmental, Social, and Governance (ESG) Resource Kit and Climate Change Resource Kit provide links to practice notes, checklists, articles, and guidance on key issues, laws, and regulations applicable to in-house lawyers and counsel advising on climate-related matters.
- State Law Comparison Tool—Topic: Financial Institution Regulation allows the practitioner to compare key state laws and regulations. This state law comparison tool covers licensing and capital requirements, conditions to doing business in the state, AML/CFT guidelines, recordkeeping, supervision, and enforcement authority, for banking and non-banking institutions. To compare state laws on the topic of Third-Party Disclosure of Personal Data, see the Data Security & Privacy State Law Comparison Tool.
- For related Practical Guidance content on important recent trends, please review these easy-to-use Resource Kits on a variety of emerging topics:
- Explore the Practical Guidance Journal Spring 2024 Edition, featuring guidance on protecting attorney-client privilege and work product in a generative AI world, using AI to manage the attorney client relationship, an overview of privacy regulations in the United States, and a primer on the new Corporate Transparency Act requirements.
- Learn about the 2000+ leading attorney authors contributing to our 26 practice areas in the Practical Guidance Author Center. Interested in becoming a Practical Guidance author? Click here for details. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.
- Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
- Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID-19, and more.
- Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
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