In October 2021, the Central Bank of Kenya issued this guidance under section 33(4) of the Banking Act, which empowers the Central Bank of Kenya to guide institutions in order to maintain a stable and efficient banking and financial system.
The guidance recognises that climate change poses a substantial risk and can pose an opportunity for the financial sector and requires banks to:
a) embed the consideration of the financial risks from climate change in their governance arrangements.
b) incorporate the financial risks from climate change into their existing financial risk management practice.
c) develop an approach to disclosure on the financial risks from climate change.
Central Bank of Kenya - Guidance on Climate-Related Risk Management
Summary
Documents
Document
Topics 
Beta
About this policy
Year
2021
Most recent update
01/10/2021
Geography
Response areas
Adaptation, Mitigation
Sectors
Finance
Topics
, ,  
 Topics mentioned most in this policy  Beta
See how often topics get mentioned in this policy and view specific passages of text highlighted in each document. Accuracy is not 100%. Learn more
Group
Topics
Policy instrument
Risk
Impacted group
Greenhouse gas
Economic sector
Climate finance
Public finance actor
Note
The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.