Disclosure of climate-related financial risks

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BCBS  | 
Consultative
 | 
29 November 2023
 | 
Status:  Open [Upload comments]

The Basel Committee on Banking Supervision today issued a public consultation paper on a Pillar 3 disclosure framework for climate-related financial risks. This work forms part of the Committee's holistic approach to address climate-related financial risks to the global banking system.

The Committee is analysing how a Pillar 3 disclosure framework for climate-related financial risks would further its mandate to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability, and the potential design of such a framework.

The Committee invites submissions on the proposals, which should be submitted here by 14 March 2024. All comments will be published on the Bank for International Settlements website unless a respondent specifically requests confidential treatment.