The Australian Prudential Regulation Authority (APRA) has released a cross-industry letter to advise on the purpose and timing of a voluntary climate risk self-assessment survey with medium-to-large APRA-regulated entities. 

The survey is intended to improve both APRA’s and industry’s understanding of the approaches being taken by APRA-regulated entities to identify, assess and manage climate-related financial risks. In particular, the survey will gather insights on how APRA-regulated entities are currently managing these risks, using APRA’s  Prudential Practice Guide CPG 229 Climate Change Financial Risks, published on 26 November 2021, as a benchmark.

The letter to industry is available on the APRA website at: Climate risk self-assessment survey.