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DEC 04 2023 Steven E. Seitz Director, Federal Insurance Office (FIO) U.S. Department of the Treasury 1500 Pennsylvania Avenue NW Washington, D.C. 20220 RE:Agency Information Collection Activities;
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Gather relevant financial data: Collect data related to the organization's financial performance and assets.
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Financial institutions seeking to assess risks in their investment portfolios.
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What is fio-climate-related-financial-risk?
FIO climate-related financial risk refers to the financial risks that financial institutions face due to climate change, including physical, transition, and liability risks.
Who is required to file fio-climate-related-financial-risk?
Financial institutions that are regulated by the FIO (Federal Insurance Office) are required to file information related to climate-related financial risks.
How to fill out fio-climate-related-financial-risk?
Filling out the fio-climate-related-financial-risk report typically involves providing details on risk assessments, governance structures, and mitigation strategies related to climate risks as per the guidelines provided by the FIO.
What is the purpose of fio-climate-related-financial-risk?
The purpose of fio-climate-related-financial-risk reporting is to enhance transparency and stability within the financial system by ensuring that institutions recognize and manage risks posed by climate change.
What information must be reported on fio-climate-related-financial-risk?
Institutions must report on identified climate risks, governance frameworks, risk management strategies, and impacts on financial performance.
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