Climate Lens Advisors supported the Central Bank of Armenia in developing regulatory guidance and practical tools to strengthen climate-related governance, risk management, and disclosure practices across Armenia’s financial sector.
Working as a subcontractor to Deloitte Luxembourg within an assignment financed by the EBRD, CLA contributed to the development of a framework that helps financial institutions identify, assess, and disclose climate-related risks in line with international best practices.
The project aimed to strengthen the enabling environment for climate risk management in Armenia’s financial system and to support alignment with globally recognized standards, including recommendations of the Task Force on Climate-related Financial Disclosures.
🌍 Benchmarking international practices among financial regulators regarding climate risk management and climate-related disclosure frameworks.
📊 Conducting surveys and consultations with Armenian financial institutions and stakeholders to identify key data needs for supervision, reporting, and investment decision-making.
🗂️ Developing recommendations on climate-related data governance, reporting structures, and database organization for supervisory use.
📑 Supporting the preparation of disclosure guidance, tools, and templates for financial institutions to identify, monitor, and report climate-related risks.
🌱 Aligning the proposed framework with international standards and emerging best practices in sustainable finance.
