Climate risk self-assessment survey series
This series presents APRA’s Climate Risk Self-Assessment Surveys, which review how APRA-regulated entities approach governance, risk management, metrics, targets and disclosure of climate-related financial risks. It provides a consistent, periodic view of industry practices and alignment with prudential guidance over time.
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OVERVIEW
Overview
The Climate Risk Self-Assessment Survey is a benchmark series initiated in 2022 by the Australian Prudential Regulation Authority (APRA). The series examines how APRA-regulated financial entities approach the management of climate-related financial risks across banking, insurance and superannuation. It provides a consistent, repeatable framework for assessing climate risk practices over time.
Purpose
The purpose of this benchmark is to support supervisory and industry understanding of how climate risks are identified, governed, managed and disclosed within the financial system. It is designed to assess alignment with APRA’s prudential guidance on climate change financial risks and to promote comparability of practices across regulated entities and survey periods.
Methodology
The series is based on a voluntary self-assessment survey completed by APRA-regulated entities. The survey uses structured qualitative and limited quantitative questions across four core areas: governance and strategy, risk management, metrics and targets, and disclosure. Responses are self-reported and aggregated using a consistent scoring framework to enable comparison across entities and across different survey years.
How finance professionals can use it
Finance professionals can use this benchmark to understand the structure and scope of regulatory expectations on climate risk management, assess internal practices against a recognised prudential framework, and monitor the evolution of climate risk management approaches across the Australian financial sector over time.
