The Basel Committee on Banking Supervision (BCBS) has published a consultation paper on disclosure of climate-related financial risks, with a proposed implementation date of 1st January 2026.
Consultative document of disclosure of climate-related financial risk
Executive summary
The BCBS has published a consultation paper on qualitative and quantitative disclosures related to climate risks, which is the first proposal of the Pillar 3 Climate Committee.
From a qualitative point of view, it would require disclosure of information related to governance, strategy, risk management and concentration risk management associated with climate risk. In addition, the BCBS proposes the disclosure of a set of quantitative templates with relevant information on banks’ exposure to transition and physical risks.
Main content
- Qualitative disclosure requirements. Disclosure of qualitative information relating to banks’ exposures to climate-related financial risks may help to ensure that bank disclosures are sufficiently comprehensive and meaningful. The BCBS proposes two tables, one regarding qualitative information on governance, strategy and risk management, and a second one, regarding information on transition, physical and concentration risk management.
- Quantitative disclosure requirements. The BCBS proposes the disclosure of four templates regarding to transitional risk exposures and one on physical risk exposures.
The note also includes a comparative annex with the European disclosure requirements on climate-related financial risks under Pillar 3 ESG as defined by the European Banking Authority (EBA).
Download the technical note on Consultative document of disclosure of climate-related financial risk.