Report of the Survey on Climate Risk and Sustainable Finance

The RBI Report of the Survey on Climate Risk and Sustainable Finance

The RBI released a discussion paper exploring strategies to address Climate change related financial risks on July 2022.

Climate-related risks refer to the potential risks that may arise from climate change or from efforts to mitigate climate change, their related impact and the economic and financial consequences.

It can impact the financial sector through two broad channels — physical risks and transition risks

The paper suggested that regulated entities use stress testing and climate scenario analysis to identify and assess vulnerabilities in their businesses. The key learning and suggestions from the survey on climate risk and sustainable finance are categorised under the following topics.

  1. Risk management
  2. Governance
  3. Climate-related financial disclosures
  4. Opportunities from transition to a green future
  5. HR and capacity building
  6. Green initiatives (internal)

Based on the feedback received, the RBI shall issue several guidelines in a phased manner for Regulated Entities. These guidelines shall include

  1. Broad framework for acceptance of Green Deposits
  2. Disclosure framework on Climate related Financial Risks.
  3. Guidance on Climate Scenario Analysis and Stress Testing

RBI has also decided to have a dedicated webpage on its website which will consolidate all instructions, press releases, publications,speeches and related RBI communication on Climate risk and sustainable finance.


WAD 2022 Event Update from CCC

World Accreditation Day Conference – Post Event Update

World Accreditation Day Conference 2022 – Post Event Update

WAD 2022 Conference jointly organised by International Accreditation Services (IAS), USA; Bureau of Indian Standards and Consultants Consortium of Chennai ended on June 10th 2022 with a positive a note.

Two days conference held on June 9th and 10th had eminent speakers from India and abroad , from various sectors , sharing rich insights about Standards, Certifications, Accreditations, Inspections & Regulations related to Sustainability and Environment across the globe.

Two days of intense learning sessions came to an end on June 10th.

Conference had 324 delegates registering for multiple sessions across two days and the feedback received from them is very encouraging.

The conference is supported by many Trade and Industry Platforms as listed below :

Sharing few pictures of the event for reference :

Session Videos are shared here for industry and stakeholders benefit. Please check the links below

Theme – Sustainability in Economic Growth and the Environment

Theme – Sustainable Standards for a Safer World

Theme – ESG Rating for Sustainability Initiatives

Theme – Sustainability Initiatives in Food Sector

Theme – Sustainable Healthcare Initiatives

Theme – Incorporating Sustainability in Educational Institutions