Basel Committee - Disclosure of climate-related financial risks

In November 2023, the Basel Committee on Banking Supervision published a consultation seeking the views of stakeholders on its proposals for a Pillar 3 disclosure framework for climate-related financial risks. It aims to complement the International Sustainability Standards Board (ISSB) framework and provide a common disclosure baseline for internationally active banks.

In parallel, the Committee will continue to coordinate with other international bodies and jurisdictional authorities that are developing their approaches to disclosure requirements for climate-related financial risks in order to ensure interoperability of future frameworks.

With the assistance of AREF's Public Policy Committee, AREF submitted a response to the consultation in March 2024. 

Author

Jacqui Bungay

Head of Policy and Company Secretary, AREF

Jacqui is AREF’s Company Secretary and provides policy guidance and secretariat services to AREF’s Board and Management Committee as well as many of AREF's committees and working groups.

Jacqui joined AREF in 2014 after working for over 25 years in fund compliance, client relationships and administration in the trustee and depositary sector.