## Sweden: Financial Sector Assessment Program–Technical Note on Supervision and Disclosure of Climate-Related Risks

_IMF Staff Country Reports, April 5, 2023_

## Source details

**Canonical URL:** [Sweden: Financial Sector Assessment Program–Technical Note on Supervision and Disclosure of Climate-Related Risks](https://www.imf.org/en/publications/cr/issues/2023/04/05/sweden-financial-sector-assessment-programtechnical-note-on-supervision-and-disclosure-of-531875)

## Other formats

- [Markdown version](/en/publications/cr/issues/2023/04/05/sweden-financial-sector-assessment-programtechnical-note-on-supervision-and-disclosure-of-531875/index.md)
- [Structured JSON version](/en/publications/cr/issues/2023/04/05/sweden-financial-sector-assessment-programtechnical-note-on-supervision-and-disclosure-of-531875/index.json)
- [Bundle manifest](/en/publications/cr/issues/2023/04/05/sweden-financial-sector-assessment-programtechnical-note-on-supervision-and-disclosure-of-531875/bundle-manifest.json)

## Bibliographic details
- Published: April 5, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400237454.002

---

### Summary
- Paper discusses the technical note on Supervision and Disclosure of Climate-Related Risks for the Sweden Financial Sector Assessment Program.
- Swedish banks are mainly exposed to the effects of climate change through loans that are collateralized by real estate properties and lending to high-emission industries.
- Finansinspektionen (FI) has undertaken a number of positive initiatives aimed at integrating climate-related risks and wider sustainability issues into its supervisory processes.
- Some gaps remain that need to be gradually addressed by FI to ensure full integration of climate-related risks into supervisory processes.
- Actions to further integrate climate into the supervisory process should be prioritized based on:
  - the vulnerability of the Swedish banks, and
  - progress at international level in addressing challenges that are not unique to Sweden.
- FI should, in a proportional manner, formalize and expand collaboration and information sharing arrangements with other Swedish Agencies involved in climate-related work.

### Key Findings
- Primary channels of exposure for Swedish banks:
  - loans collateralized by real estate properties
  - lending to high-emission industries
- FI has made positive progress in integrating climate-related risks and sustainability into supervision, but gaps remain.
- Integration priorities should reflect bank vulnerability and international developments.

### Policy Recommendations and Priorities
- Gradually address remaining gaps to achieve full integration of climate-related risks into supervisory processes.
- Prioritize specific supervisory actions based on:
  - the vulnerability of Swedish banks, and
  - international progress on common challenges.
- Formalize and expand, in a proportional manner, FI’s collaboration and information sharing with other Swedish Agencies involved in climate-related work.

---

## Content in this bundle

- **1sweea2023007**
  - [1sweea2023007 (Markdown version)](/-/media/files/publications/cr/2023/english/1sweea2023007.pdf.md){rel="alternate" type="text/markdown"}
  - [1sweea2023007 (PDF)](/-/media/files/publications/cr/2023/english/1sweea2023007.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2023/04/05/sweden-financial-sector-assessment-programtechnical-note-on-supervision-and-disclosure-of-531875_