The historic issuance of the SEC’s climate-related disclosure proposal further pushes companies to effectively operationalize climate risks. Financial service companies must demonstrate appropriate action to:
- Ensure consistency across financial and nonfinancial reporting and disclosures
- Integrate climate risks into governance and risk management frameworks
- Develop initial assumptions and models for climate risk scenario analysis
- Factor potentially disproportionate impacts into decision-making processes
KPMG Regulatory Insights updated Point of View, Operationalizing climate risks: Mitigating new and rising regulatory scrutiny includes comparator tables for U.S. regulators.
We will continue to iterate and provide updates to the paper as additional regulatory developments occur.
