The technical assistance encompasses the comprehensive development and implementation of the Climate Risk Action Plan, focusing on establishing effective governance frameworks. This plan will include risk rating models that enable the identification and analysis of climate-related risks pertinent to the bank's operations. Additionally, the project will address the preparation of a transition plan, which will enable the bank to successfully adapt to new climate challenges and regulations.
Understanding the existing governance structures related to the client is crucial for the successful implementation of this plan. Analyzing current climate risk business practices will aid in identifying potential improvements and adjusting strategies in line with sustainable development goals.
This initiative will not only strengthen the bank's resilience to climate change but also contribute to environmental preservation through responsible resource management.
