Operational Risk Meets CCPT: Embedding Climate Taxonomy into Risk and Controls A guide for risk managers and bankers who want to make climate frameworks real ------------------------------------------------------------------------------------ Bank Negara Malaysia’s Climate Change and Principle-based Taxonomy (CCPT) is typically framed as an ESG or credit requirement. But those of us in the second line of defense know: CCPT has serious Operational Risk implications — and risk managers must play a central role in implementation.
As someone who’s led credit, operational risk, and business continuity functions — and is ICRP-certified — I believe that climate transition risks belong squarely within RCSA frameworks, risk appetite, and internal control environments.
To prove my point, illustrations on how Operational Risk teams can apply CCPT practically, with real examples from Malaysian industries provided in slides below.
Next, in the final article of this series, I’ll focus on Business Continuity and Climate Stress: how bankers can prepare for floods, energy shocks, and policy disruptions through stronger BCM frameworks.
Stay Tuned 😇
