Project Viridis: A Blueprint for Managing Climate-Related Financial Risk

A pragmatic framework developed by BISIH and MAS to help financial authorities manage climate-related financial risks. Project Viridis integrates emissions data, geospatial mapping, and scenario analysis to support qualitative assessments of systemic climate vulnerabilities.

Picture From SPI Journal - https://www.omfif.org/spi-journal_july24_mas/

Published in: OMFIF Sustainable Policy Institute Journal Q3 2024 (July 19, 2024)

Authors:

Sivasubramanian Ramanathan (Junior Product Owner, BIS Innovation Hub Singapore Centre)
Dr. Patrick Hoffmann (Advisor, BIS Innovation Hub Singapore Centre)
Kenneth Gay (Chief FinTech Officer, MAS)
Harry Lee (Deputy Director, Data Governance and Transformation, MAS)

Summary:
This paper outlines an operational blueprint for managing climate-related financial risk through the lens of Project Viridis. It explores data classification, risk metrics, and how central banks can operationalise climate data through curated directories.

Read the full article:
https://www.omfif.org/spi-journal_july24_mas/