Dutch financial institutions are exposed to the effects of climate change through both physical and transition risks. Physical risks are mostly represented by flood risk while transition risks are primarily driven by the structure of the Dutch economy, including a significant exposure to agriculture. The Dutch authorities have made significant efforts to respond to climate related risks comprehensively through identification of risk drivers and analysis of their impacts, accompanied by strong policy initiatives aimed for mitigation and adaptation.
- Format
- Paper
- Frequency
- regular
- ISBN
- 9798400280061
- ISSN
- 1934-7685
- Pages
- 38
- Published in
- United States of America
- Series
- Country Report No. 2024/172
- StockNumber
- 1NLDEA2024008
Table of Contents
- KINGDOM OF THE NETHERLANDS—THE NETHERLANDS 2
- TECHNICAL NOTE 2
- Glossary 5
- Executive Summary0F 6
- INTRODUCTION 9
- CLIMATE cHANGE AND pOLICY RESPONSE 10
- A. Vulnerabilities of the Netherlands to the Effects of Climate Change3F ,4F 10
- B. Government’s Response and National Coordination 12
- C. Strategic Initiatives by DNB 13
- D. Financial Sector Initiatives 14
- VULNERABILITY OF FINANCIAL SYSTEM TO CLIMATE RISK14F 15
- A. Banks 17
- B. Insurance 18
- REGULATORY AND SUPERVISORY RESPONSES 21
- A. Supervisory Responsibilities, Powers, and Functions 22
- B. Supervisory Resources and Capacity 23
- C. Supervisory Approach, Tools, and Technique 24
- D. Supervisory Expectations on Management of Climate-Related Risks 26
- E. Conduct Supervision 29
- Protection gaps, Insurability and Affordability 29
- F. Practice by Financial Institutions49F 30
- Management of Climate-Related Risk by LSIs 30
- Management of Climate-Related Risk in Insurance 30
- Disclosure and data 32
- A. Disclosure 32
- B. Data 33
- A. Objectives 2025 37
