DNB's Guide On Climate And Nature Risk Management

On 15 July 2025, Dutch Central Bank (DNB) published an updated guide on climate and nature risk management for the financial sector (the Guide). The Guide provides insights in supervisory expectations in relation to risk management and is applicable to Dutch based insurers, pension funds, investment firms, alternative investment fund managers, electronic money institutions and payment institutions. The Guide is not applicable to banks (both significant and less significant institutions) since these are within scope of the ECB guide in view of DNB.

In this blog, we will highlight the main supervision areas relevant for the financial sector.

Background

According to DNB, climate and nature risks can lead to various prudential risks for Dutch financial institutions. DNB expects financial institutions to identify and adequately manage climate and nature risks and believes improvements in this respect can be made. DNB supports the Guide, as it aims to contribute to