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    • Overview

      TCS is here to make a difference through technology.

      Leading the way in innovation for over 50 years, we build greater futures for businesses across multiple industries and 131 countries.

      Discover all solutions
    • Industries
      • Banking
      • Capital Markets
      • Consumer Goods and Distribution
      • Communications, Media, and Information Services
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      • Healthcare
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      • Cloud
      • Cognitive Business Operations
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      • Enterprise Solutions
      • IoT and Digital Engineering
      • Network Solutions and Services
      • TCS Interactive
      • Sustainability Services
    • Products and Platforms
      • TCS ADD™
      • TCS BANCS™
      • TCS BFSI Platforms
      • TCS CHROMA™
      • TCS Customer Intelligence & Insights™
      • TCS ERP on Cloud
      • ignio™
      • TCS iON™
      • TCS HOBS™
      • TCS Intelligent Urban Exchange™
      • TCS OmniStore™
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      • Quartz™ – The Smart Ledgers™
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  • Products and Platforms
    • TCS ADD™
    • TCS BANCS™
    • TCS BFSI Platforms
    • TCS CHROMA™
    • TCS Customer Intelligence & Insights™
    • TCS ERP on Cloud
    • ignio™
    • TCS iON™
    • TCS HOBS™
    • TCS Intelligent Urban Exchange™
    • TCS OmniStore™
    • TCS Optumera™
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    • Quartz™ – The Smart Ledgers™
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    • Jile™
  • Research & Innovation
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    • Overview

      We’re in it for good, driving positive change for the benefit of all.

      Our expert, committed team put our shared beliefs into action – every day. Together, we combine innovation and collective knowledge to create the extraordinary.

      Discover the difference
    • About Us
      • Corporate Sustainability
      • Diversity, Equity, and Inclusion
      • Corporate Social Responsibility
      • The TCS Way
      • Sports Sponsorships
      • Alliances
    • Leadership
    • In the news

      Recent News

      27 Nov 2023 TCS launches new Generative AI practice in collaboration with AWS
      22 Nov 2023 TCS Ranked #1 in Spain for Customer Satisfaction in Service Delivery Among IT and Cloud Services Providers
      20 Nov 2023 ASX signs agreement with TCS to replace its cash equities clearing and settlement platform
      View All
    • Events
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    • Overview

      Extraordinary expertise leads to remarkable results.

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    • Overview

      Want to be a global change-maker? Join our team.

      At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.

      Join us
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      Tata Consultancy Services Limited
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    • Banking
    • Article

    BaFin guidance on sustainability risks – A practitioner’s view

    1 MINS READ

    Sudalaimuthu Gurusamy

    Domain Consultant, Risk Management Practice, Banking, Financial Services, and Insurance, TCS

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    Industry

    • Banking Tag

      Banking on purpose-led ecosystems

      TCS’ solutions help banks and FIs push traditional boundaries and build cognitive banking enterprises for better value, resilience, and inclusivity. Learn more.
      Learn More
      Click to know more
      banking-hero
      Related Insights
      Reimagining Internal Finance Controls and modernization
      TCS offers Internal Controls services to BFSI in areas of finance transformation, cognitive automation, and more, helping CFOs reimagine their organization.
      Solution
      29 Nov 2023
      Driving Mortgage Transformation with Open Banking Solutions
      As borrowers go online for their financial needs, read how open banking solutions & machine learning techniques help transform the mortgage sector & improve CX.
      White Paper
      16 Aug 2022
      TCS Finance Transformation Services for better functions and processes
      TCS’ expertise in finance transformation, gap analysis, and digital solutions helps BFSI firms improve operations and ensure zero regulatory fines. Know more.
      Solution
      27 Nov 2023

    Implementing BaFin guidance on climate and sustainability risks

    Climate-related financial risks are considered a cross-cutting risk category, causing impacts across existing risk types, including credit, market, operational, and reputational risks.

    Globally, financial regulators require banks to integrate climate-related risks into risk identifications, management, and control processes.

    Depending on the organization’s size and maturity of their current risk management frameworks, firms can consider more granular mapping as part of impact assessment. Implementation of BaFin guidance requires supervisory entities to develop key capabilities that impact data, process, technology, and culture. Below core aspects need to be considered when firms implement regulations on sustainability risks. 

    • Understanding the wider impact on the ERM framework

    • Materiality assessment of impacts

    • Overlap with TCFD guidance

    • Capability gap analysis and reporting

    Read the report here

    Related Reading

    Banking

    Reimagining Internal Finance Controls and modernization

    Solution | 29 Nov 2023
    L K Ranganathan Banking

    Achieving federated design in finance with 5G and edge computing

    White Paper | 27 Nov 2023
    Banking

    TCS Finance Transformation Services for better functions and processes

    Solution | 27 Nov 2023
    Banking

    Role of Data and Analytics in Climate Risk Management in Finance

    White Paper | 16 Oct 2023
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