QCB sustainability reporting readiness checklist

The board (or a board committee) has formal oversight of sustainability and climate risks and opportunities, written into its terms of reference.

Management roles and responsibilities for climate and sustainability are defined, with clear reporting lines to the board.

The board is briefed on climate-related matters at least annually and the minutes show it.

Climate and sustainability targets are considered in executive remuneration or performance reviews.

You have identified the sustainability and climate risks and opportunities that could affect your prospects, over short, medium and long term horizons you have defined.

You can explain how those risks affect your business model, value chain and lending or underwriting portfolio.

You can describe the current and expected financial effects on your financial position, performance and cash flows.

You have run climate scenario analysis on your portfolio, including at least one scenario aligned with the Paris Agreement.

You have a transition plan, or a documented decision on whether to set one.

Climate risk is included in your risk taxonomy and risk appetite statement.

You have a documented process to identify, assess and prioritise climate-related risks, including physical and transition risk.

Climate risk is part of credit underwriting or insurance pricing for exposed sectors.

Climate risk processes are integrated into your enterprise risk management and ICAAP or ORSA, not run in parallel.

You measure your own Scope 1 and Scope 2 emissions under the GHG Protocol.

You have measured relevant Scope 3 categories for your own operations (for example travel, purchased goods).

You measure financed emissions (Scope 3 Category 15) for your loan and investment book, for example using the PCAF Standard.

For insurers: you have assessed insurance-associated emissions, or documented why they are not yet measured.

You report the amount and share of assets or business exposed to climate transition and physical risks.

You have set climate-related targets, with a base year, milestones and a way to track progress.

Sustainability data has named owners, documented methods and controls similar to financial reporting.

You can report sustainability information for the same reporting period and entity as your financial statements.

Counterparty emissions data is collected through a repeatable process, not one-off spreadsheets.

You have assessed readiness for external limited assurance on sustainability disclosures.

You have a reporting calendar and a gap plan with owners and dates for your first report.