IMF Staff Country Reports

Kingdom of the Netherlands-The Netherlands: Financial Sector Assessment Program- Technical Note on Supervision and Disclosure of Climate-Related Risks

June 18, 2024

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International Monetary Fund. Monetary and Capital Markets Department "Kingdom of the Netherlands-The Netherlands: Financial Sector Assessment Program- Technical Note on Supervision and Disclosure of Climate-Related Risks", IMF Staff Country Reports 2024, 172 (2024), accessed December 25, 2024, https://doi.org/10.5089/9798400280061.002

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Summary

This paper presents a technical note on supervision and disclosure of climate-related risks in The Netherlands. Similar to other jurisdictions, the integration of climate-related risks into supervisory processes in the Netherlands faces various challenges. Supervision has been proactive in researching exposures to climate-related risks as well as designing tools to assess how financial institutions identify, monitor and manage these risks. Supervisors have been gradually developing approaches and methodologies to support the supervisory process. Many of these initiatives and projects have been influential in the international debate on climate risk supervision. The authorities need to translate strategic measures into a concrete roadmap to ensure that the process of setting up climate risk supervision is systematic and continues at a sufficiently ambitious pace. Going forward, climate risk supervision must strengthen quantitative tools and data sets. The note provides the main recommendations to enhance the supervision of banking and insurance activities conducted in the Netherlands with a direct bearing on its financial stability.

Subject: Climate change, Climate finance, Environment, Financial institutions, Insurance companies, International organization, Monetary policy, Natural disasters

Keywords: Climate change, Climate finance, Climate risk analysis, Global, Insurance companies, Natural disasters, Nitrogen in the Netherlands, Rijksdienst voor Ondernemend Nederland, Solvency ASSESSMENT, Staff team of the International Monetary Fund

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