50. Institutions should ensure that their risk appetite clearly defines and addresses ESG risks …

Institutions should ensure that their risk appetite clearly defines and addresses ESG risks which are part of their risk inventory following the materiality assessment. The risk appetite should specify the level and types of ESG risks institutions are willing to assume in their port-folio, including as regards the portfolio’s concentration and diversification objective s. The in-tegration of ESG risks in the risk appetite should be consistent with the institution’s strategic objectives and commitments and with the plans and targets specified under Section 6.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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