Consultation outcome
In March 2024 we published Guidance for our regulated entities on managing climate-related risks.
Managing climate-related risks: guidance for prudentially regulated entities (PDF, 819 KB)
Summary of submissions
We consulted on a draft version of the Guidance from 29 March 2023 to 7 June 2023. We received 16 submissions, published in the document below.
Guidance on managing climate-related risks – individual submissions (PDF, 6.2 MB)
We are grateful for the feedback we received. In response, we updated the Guidance to include more examples, reduce overlaps with other guidance and draw more links to existing parts of the prudential regime. A summary of the comments we received and our responses to them is below.
Guidance on managing climate-related risks: response to submissions (PDF, 419 KB)
As risk management practices, climate-related risks and legislation are ever-evolving, we will continue to update the Guidance from time to time.