Climate Risk Regulation in Africa’s Financial Sector and Related Private Sector Initiatives

This report seeks to assess the integration of climate-related risks in the prudential, financial, regulatory, and supervisory frameworks of a selection of African countries and identify potential levers to incentivise their internalisation. It is based on a series of interviews with financial sector authorities and large private sector players (banks and insurers). The report also outlines a set of potential actions for stakeholders to overcome challenges uncovered during the interviews. It does not explore broader green/sustainable finance-related initiatives, like bonds and principles.