2021-11-04-奥纬咨询-Climate_And_Compliance_11页_486kb

Climate Compliance Engagement Summary

Climate change poses significant physical and transition risks to financial institutions, making it crucial for compliance departments to actively participate in climate efforts rather than adopting a tactical approach. The report emphasizes that compliance can leverage existing tools strategically to support institutions' climate objectives, reduce regulatory and reputational risks, and align with evolving global regulations.

Key areas for engagement include:

• Risk Assessment and Planning: Integrate climate risks into compliance frameworks through proactive assessments and action plans, considering emerging regulations and the institution's net-zero pledges.
• Governance and People: Establish a direct seat at leadership tables, build a Climate Centre of Excellence, and coordinate compliance responses to ensure strategic oversight.
• Policy, Standards, and Controls: Develop cohesive product guidelines, enhance monitoring processes like marketing reviews and surveillance, and use compliance tools to enforce climate-related policies and avoid pitfalls.

This proactive involvement not only aids in regulatory compliance but also strengthens risk management and enhances institutional credibility in the transition to a sustainable finance landscape.