The OCC wants to ensure that large banks properly identify and manage the risks associated with both physical and transition aspects of climate change.

It publishes a first draft of Principles to provide a high-level framework for the safe and sound management of exposures to climate-related financial risks, consistent with the existing risk management framework described in existing OCC rules and guidance.

These principles are intended to support efforts by banks to focus on key aspects of climate risk management.


OCC Principles: