The consultation version of the "Guide to managing climate and environmental risks" was released on 24 October 2022 in Dutch. Now also the English translation is published. Market participants have until 18 December 2022 to respond to this version.
This Guide is a follow-up to the DNB report "Balancing Sustainability", which we published last year and in which we announced that we would provide further guidance on managing climate and environmental risks in 2022. With the release of this Guide, we are also taking a further step towards embedding these risks in our supervisory task, as set out in our Sustainable Finance Strategy.
You will find the consultation version of the Guide here.
We have released the Guide in its entirety for consultation. It includes cross-sectoral focal points to be considered for the integrated management of climate and environmental risk in the areas of business model and strategy, governance, risk management and information provision. In addition, the Guide offers sector-specific good practices that can serve as a source of inspiration for giving substance to the cross-sectoral focal points.
If you comment on this consultation version of the Guide or if you have any questions, please email us at consultatie@DNB.nl, mentioning "Consultation on the Guide to managing climate and environmental risks" in the subject line. The deadline for submitting responses is 18 December 2022. We will publish responses on our website after the conclusion of the consultation period, stating your name and/or organisation or, if you prefer, in an anonymised form.
We will study all questions and comments we receive and we will amend the Guide as necessary. We plan to publish the final version of the Guide with a feedback statement on the Open Book on Supervision section of our website in early 2023.
Please contact us at consultatie@DNB.nl if you have any questions, mentioning "Consultation on the Guide to managing climate and environmental risks" in the subject line.
Guide to managing climate and environmental risks
How does one bring the professional oath to life in daily practice? Representatives from the financial sector and the supervisory authorities tackled this question at the DNB seminar on the professional oath in late 2022.
Read more The professional oath in daily practice
Insurers in the Netherlands continued to sell direct investments in bonds in 2023, new figures from DNB show. For the fourth year in a row, insurers sold more bonds than they bought.
Read more Dutch insurers continue to invest less in bonds
In view of our continued support for a deeper and more integrated European Capital Markets Union (CMU), De Nederlandsche Bank (DNB) and the Dutch Authority for the Financial Markets (AFM) present next steps to shape the right policies and create a competitive European capital market.
Read more DNB and AFM: recommendations for a strong European Capital Markets Union
In the event of a large, sudden drop in the value of derivatives, Dutch pension funds do not need to resort to an extensive sell-off of assets. They have enough liquidity sources to meet margin calls, which are obligations arising from value changes in their derivatives.
Read more Dutch pension funds can meet margin calls on derivatives, but depend on functioning money markets
