On 21 October 2021, the Climate Financial Risk Forum (CFRF) published its second set of guides to help the financial industry effectively manage climate-related financial risks. The CFRF has been operating since March 2019 and is chaired jointly by the PRA and the FCA, and brings together senior representatives from across the financial sector, including banks, insurers, and asset managers.

The latest guides are focussed on risk management, scenario analysis, disclosure, innovation, and climate data and metrics and build on the first guide that was published on 29 June 2020.

A total of 10 different outputs have been published by the various CFRF working groups and are provided below: