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This report provides a comparative analysis of how central banks manage physical climate risks, offering a phased roadmap for the Reserve Bank of India (RBI). It examines case studies from six central banks—Banco Central do Brasil, Bank of England, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, Hong Kong Monetary Authority, and South African Reserve Bank—to identify common challenges in data availability, technical capacity, and modelling. The document emphasizes a 'phased approach' and the 'principle of proportionality' to help regulated entities (REs) build capabilities before implementing mandatory capital requirements or reporting standards.

This report by FSD Africa provides a first quantitative risk assessment and stress-testing framework for financial institutions in Africa to evaluate nature-related opportunities and risks. Using the Taskforce on Nature-related Financial Disclosures (TNFD) LEAP approach, the study analyzes the impact of nature loss and nature-positive transitions on equity and lending portfolios across several African countries and private banks. It highlights that while aggregate portfolio impacts may appear small due to limited direct exposure, the risks are material for nature-intensive sectors like agriculture and extractives, where nature-related risks could double expected credit losses by 2030.

This white paper by the Climate Policy Initiative examines the exposure of the Indian financial sector to climate-related risks and outlines a pathway for integration and product innovation. It highlights the vulnerability of India's economy to climate change, the current gaps in risk management and data within the banking, insurance, and capital markets, and provides a framework for implementing climate stress tests and disclosures aligned with international standards like the TCFD.