In remarks at an Asobancaria FEST panel, the Financial Superintendency of Colombia said climate change is already part of its financial stability agenda and highlighted the main areas of work it is developing to strengthen adaptation and transition to climate-related risks. Francisco Duque, the agency's Director of Research, Innovation and Development, pointed to an adaptation taxonomy, climate stress testing, better data and financial inclusion as the main priorities. He said the planned adaptation taxonomy is intended to identify vulnerable sectors that remain financeable, helping direct resources toward activities that reduce climate risks. Climate stress tests are being advanced to assess how exposed different economic sectors are and how the financial system could respond under adverse scenarios, with data availability and quality cited as a key challenge for more precise estimates of climate impacts. Duque also highlighted the need to understand how climate events affect consumers and to develop mechanisms that protect them and preserve access to financial services, while noting that input from financial institutions and private sector participants will help shape the adaptation and transition path.
Superintendencia Financiera de Colombia2026-05-28
Financial Superintendency of Colombia outlines climate adaptation taxonomy and stress testing priorities
The Financial Superintendency of Colombia said climate change is now embedded in its financial stability agenda and outlined work to strengthen adaptation and transition to climate-related risks. Director of Research, Innovation and Development Francisco Duque highlighted development of an adaptation taxonomy, climate stress testing, improved data and analysis, and measures to protect consumers and maintain financial inclusion, with input from financial institutions shaping this agenda.