In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on February 08, 2023, the Reserve Bank of India has today placed on its website the Draft guidelines on Disclosure framework on Climate-related Financial Risks, 2024. These guidelines shall be applicable to all Scheduled Commercial Banks (excluding Local Area Banks, Payments Banks and Regional Rural Banks), All Tier-IV Primary (Urban) Co-operative Banks, All All-India Financial Institutions (viz. EXIM Bank, NABARD, NaBFID, NHB and SIDBI) and All Top and Upper Layer Non-Banking Financial Companies (NBFCs).

Comments / feedback, if any, may be sent by e-mail with the subject line “Comments on Disclosure framework on Climate-related Financial Risks, 2024”, by April 30, 2024.

(Yogesh Dayal)      
Chief General Manager

Climate-related financial risk disclosure: consultation invites regulated banks and finance firms to submit feedback to shape disclosure obligations. The Reserve Bank of India published a draft Disclosure framework on Climate-related Financial Risks, 2024 establishing standardized disclosure expectations for a defined set of banks, primary urban co-operative banks, all-India financial institutions and upper-layer non-banking financial companies, and soliciting stakeholder comments through a prescribed consultation process to inform finalisation and supervisory guidance.