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.

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• 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.

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  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.

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