RBIverified 2026-06-14draft
RBI Climate-Related Financial Risk Disclosure Framework
- Issued
- 2024-01-01
- Effective
- 2024-04-01
Applies to
Scheduled Commercial Banks, Tier-IV Urban Co-operative Banks, AIFIs, top- and upper-layer NBFCs.
Key points
- Disclosure pillars: governance, strategy, risk management, metrics & targets.
- Aligned with ISSB IFRS S2.
- Phased applicability — large SCBs first, smaller entities later.
Practitioner questions
Sources
Related global frameworks
- ISSB S1/S2ISSB
Global baseline of investor-focused sustainability-related (S1) and climate-related (S2) financial disclosures. Consolidates TCFD recommendations.
- TCFD RecommendationsISSB
Voluntary disclosure framework on climate-related financial risks (governance, strategy, risk management, metrics & targets).
- PCAF Financed Emissions StandardPCAF
Standard for measuring and disclosing GHG emissions associated with loans, investments and (now) insurance underwriting portfolios.
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