8-60 Prudential practice guide: Draft CPG 229 climate change financial risks

Summary

This PPG aims to assist an APRA-regulated institution in complying with Prudential Standards CPS 220 Risk Management (CPS 220), SPS 220 Risk Management (SPS 220), CPS 510 Governance (CPS 510), SPS 510 Governance (SPS 510) and, more generally, to outline prudent practices in relation to climate change financial risk management.

Thumbnail image for This PPG aims to assist an APRA-regulated institution in complying with Prudential Standards CPS 220 Risk Management (CPS 220), SPS 220 Risk Management (SPS 220), CPS 510 Governance (CPS 510), SPS 510 Governance (SPS 510) and, more generally, to outline prudent practices in relation to climate change financial risk management.

Issuer

Australia

Year

2021

Region

Oceania

Issuer (type)

Australian Prudential Regulation Authority (APRA) (Financial Regulator)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Voluntary

Main industries targeted

Finance & Insurance
Mining, Quarrying, Oil & Gas Extraction
Construction

Restrictiveness

Very Low

Sustainable Development Goals (SDGs)

SDG 5: Gender Equality
SDG 6: Clean Water and Sanitation
SDG 8: Decent Work and Economic Growth
SDG 10: Reduced Inequality
SDG 13: Climate Action
SDG 14: Life Below Water