Emerging Economies: Climate Risks and Best Practices for Climate Risk Disclosure

This three-part report offers guidance and good practice examples for financial institutions and policymakers in emerging markets on the four pillars of the TCFD recommendations, and on the ISSB standards. It aims to strengthen organisations’ climate risk management practices, facilitate informed decision-making, and ultimately contribute to the transition to low-carbon, resilient, and inclusive economies. Designed for organisations at the start of their sustainability journey, the report provides a comprehensive overview of climate risks and opportunities in emerging economies and practical guidance to integrate climate considerations into financial reporting processes. It also supports policymakers in creating an enabling environment for the adoption of sustainable finance practices and facilitating the adoption of standardised approaches for climate risk management. Finally, the report looks into climate disclosure regulatory landscapes in emerging economies.