Sustainability, climate risk reporting now mandatory for banks in Tanzania
The new guidelines that are set to take effect this year in Tanzania will require and guide banks and financial institutions to disclose information about their sustainability and climate-related risks. PHOTO | FILE
Dar es Salaam. The Bank of Tanzania (BoT) has issued two sets of guidelines requiring banks and financial institutions to integrate sustainability and climate-related risks and opportunities into their reporting frameworks.
The new guidelines that are set to take effect in 2025 are further intended to require and guide banks and financial institutions to disclose information about its sustainability and climate-related risks and opportunities and strategies to manage them in their financial reports.
