The Central Bank of Samoa, in collaboration with the United Nations Economic and Social Commission for Asia and the Pacific, hosted a 1.5-day national workshop on 25–26 March 2026 to launch the report “Strengthening Samoa’s Financial System to Enhance Resilience to Climate-Related Risks” and to discuss how climate-related risks could affect the financial system. The workshop brought together regulators, financial institutions and international experts and focused on transmission channels from extreme weather and coastal impacts to financial stability, including through high lending to climate-sensitive sectors and low insurance coverage. Sessions covered practical approaches to assess and manage climate risks such as mapping exposures and using climate scenarios, alongside the implications for central bank supervision and financial institutions’ operations. Participants also explored how improved data systems and digital tools could strengthen climate and Environmental, Social and Governance (ESG) data for supervision and sustainable finance, with case-based co-creation exercises identifying short-term actions to strengthen supervision, reporting and data use, and areas where development partners could provide further support.
Central Bank of Samoa 2026-04-02
Central Bank of Samoa launches climate risk financial resilience report through national workshop with UNESCAP
The Central Bank of Samoa and the United Nations Economic and Social Commission for Asia and the Pacific hosted a national workshop to launch a report on strengthening Samoa’s financial system resilience to climate-related risks and their potential impact on financial stability. Discussions covered transmission channels from extreme weather and coastal impacts, approaches to assessing and managing climate risks, implications for supervision and financial institutions’ operations, and the use of improved data systems and digital tools to enhance climate and Environmental, Social and Governance data.