Comments Due to NAFCU: NCUA - Climate-Related Financial Risk
NAFCU would like to highlight the following:
- The RFI groups climate-related financial risks into two broad categories— physical risk and transition risk:
- Physical risk refers to harm to people and property caused by discrete, climate-related events like hurricanes, wildfires, and heatwaves, as well as longer-term, chronic phenomena, including changes in precipitation patterns, sea level rise, and higher average temperatures.
- Transition risk refers to stress on institutions or sectors caused by measures taken to move towards a less carbon-intensive economy.
Comments due to NAFCU: June 12, 2023
Comments due to NCUA: June 26, 2023
NAFCU will send comments on behalf of its members to the NCUA by its deadline (June 26, 2023).