UK PRA’s climate supervisory expectations: a briefing for boards
Although political winds may shift, climate risk remains a significant financial risk to businesses. Prudential regulators have acknowledged this reality and the need for better management of physical climate and transition risks. This is reflected in the updated supervisory statement from the Bank of England’s Prudential Regulation Authority (PRA), SS5/25.
Actionable advice for members
Explore 5 tangible ways NEDs can use the SS5/25 requirements to challenge assumptions and ensure climate risk informs decisions across their firm:
Briefing for boardsRelated Content
Regulation: a route to an investible economy
Hosted by Deloitte, convened by Chapter Zero and focused on the Financial Conduct Authority (FCA) regulation, an audience of Chapter Zero and Deloitte Academy members heard how climate conversations in the boardroom are critical to business resilience and investible companies. The audience, including non-executive directors, considered the role of sustainability regulations in building a future-facing economy, both in the UK and globally.
5 recommendations for NEDs on integrating new sustainability-related disclosure requirements
This briefing paper outlines 5 key considerations for NEDs to take into account to ensure that their organisations are poised to derive value from aligning to the UK Sustainability Reporting Standards.
What matters most?: How boards can use materiality to prioritise sustainability
In an increasingly complex business landscape, it is crucial that sustainability initiatives are strategically aligned with core business priorities to drive action. This deep dive explores how boards can focus on materiality (i.e. matters of business significance) to support effective board-level decision-making, drive efficiencies and enhance resilience.
