On 14 July 2022, the Financial Stability Board (FSB) published its first report taking stock on the progress made by standard setting bodies and other international organisations on action taken on the Roadmap for Addressing Financial Risks from Climate Change.

The Roadmap, which was published in July 2021, sets out a comprehensive and coordinated plan for addressing climate-related financial risks, including steps and indicative timeframes. The report summarises the encouraging progress taken across all four blocks of the Roadmap: firm-level disclosures, data, vulnerabilities analysis and regulatory and supervisory practices and tools.

The Annex to the report provides an update to the July 2021 detailed Roadmap description of the planned actions and deliverables across the standard setting bodies and relevant international organisations.