Russia · guidance

Bank of Russia climate-risk recommendations

Recommendation IN-02-28/38 (2023)

VoluntaryApplies 2023-01-01Verified 2026-08-22

Scope

Banks and financial institutions

Penalties

None

Last verified

2026-08-22

In plain language

What this law does

Dictionary termClimate riskThe potential for adverse consequences arising from the interaction of climate-related hazards, exposure, vulnerability and responses to climate change.Read the full definition identification, assessment, scenario analysis and disclosure guidance.

Core obligations

Voluntary Dictionary termClimate riskThe potential for adverse consequences arising from the interaction of climate-related hazards, exposure, vulnerability and responses to climate change.Read the full definition integration and disclosure