Climate Risk Forum: Help shape our approach to climate-related risks

The Climate Risk Forum is the primary vehicle for OSFI to manage, convene, and coordinate its domestic climate engagement activities. The forum aims to build financial sector awareness and capacity to respond to climate-related risks. It brings together OSFI, our domestic partners, and stakeholders.

Become a subscriber now!

Subscribers can participate in the Climate Risk Forum in three different ways:

  • Information sessions
  • Advisory groups
  • Engagement activities

Information sessions

The forum convenes two times a year, in the spring and in the fall. The bi-annual information sessions will:

  • update subscribers on the progress of our climate initiatives and direction as a regulator
  • inform subscribers about how we intend to directly engage partners and stakeholders via other forum-based activities

Advisory groups

In addition to the bi-annual information sessions, partners and stakeholders can share their expertise by participating in external advisory groups tied to forum-based engagement activities. External advisory groups will be set up using calls for expressions of interest so that selected representatives can inform climate risk roundtables, technical workstreams, and practitioner sessions described below.

We anticipate issuing our first call for expressions of interest in the months ahead.

Engagement activities

Subscribers to the forum can indicate their interest to participate in forum-based engagement activities, such as:

  • Climate risk roundtables

    • Help us understand the broader potential outcomes of our climate risk management expectations with a wide cross-section of partners and stakeholders
  • Technical workstreams

    • Aim to advance our specific climate initiatives by engaging regulated entities to understand their concerns and the potential impacts
  • Practitioner sessions

    • Highlight best practices with regulated entities
    • Communicate OSFI expectations regarding climate risk management and disclosures
    • Share information about trends and developments related to climate risk management and disclosures
  • Provincial-territorial regulator roundtablesFootnote *

    • Share information and perspectives on:
      • emerging climate-related regulatory issues
      • financial system trends and market developments

Become a subscriber

As a forum subscriber, you can attend and contribute to the virtual forum information sessions twice a year. You may choose to also indicate your interest to take part in other forum-based engagement activities including external advisory groups.

Forum subscription is open to interested Canadians, such as:

  • Financial institutions
  • Industry associations
  • Government departments and agencies
  • Domestic and international regulators and standard setters
  • Rating agencies
  • Think-tanks
  • Academia
  • Non-governmental organizations
  • First Nations, Métis, and Inuit community governance bodies and partner organizations
  • Non-finance economy representatives (oil and gas, transportation, manufacturers, builders, etc.)

We invite all interested Canadians to subscribe. This includes people who identify as Indigenous, Black, and racialized as well as people of diverse ethnicities, geographic origins, gender identities and expressions, sexual orientation, ages, socioeconomic backgrounds, financial means, religions, work experiences, lived experiences, physical and intellectual abilities, and all other characteristics, recognizing that these categories intersect in multiple ways.

Contact us to subscribe:

Current events and activities

Consultation on the draft climate scenario analysis methodology: Part I

OSFI published its draft Standardized Climate Scenario Exercise (SCSE) methodology for consultation on October 16, 2023. The two-part consultation process will support the refinement and effective implementation of the SCSE in 2024.

Part I of the consultation runs until December 22, 2023 and questions and/or comments about the draft SCSE methodology may be sent to

SCSE information session – November 21, 2023

On November 21, OSFI will host a virtual information session on the draft SCSE methodology during which answers will be provided to previously submitted questions. Participants will also have an opportunity to submit questions live during the question and answer period.

Register by November 20, 2023 at 12:00 p.m. ET / 9:00 a.m. PT.

Future events and activities


January – March

Guideline B-15
  • Self-assessment questionnaire: What We Heard report
  • Update to chapter 2 and annexes
Climate Risk Returns
  • Final returns templates and instructions
  • Consultations on draft Climate Risk Returns: What We Heard report

April – June

Standardized Climate Scenario Exercise
  • Consultations, part I: What We Heard report
  • Draft workbook and instructions
  • Part II consultations
Climate Risk Forum: Spring information session

Past events and activities


Climate Risk Forum

In June, OSFI launched its new Climate Risk Forum and hosted an information session. The virtual event was attended by over 1,000 representatives from a wide cross-section of partners and stakeholders.

Consultation on the draft Climate Risk Returns

OSFI, in partnership with the Bank of Canada and Canada Deposit Insurance Corporation, published its draft Climate Risk Returns for Federally Regulated Financial Institutions for industry consultation from June 28 to September 30, 2023.

The consultation process included 10 separate meetings with over 130 representatives from the financial and professional services sectors, industry associations, as well as federal and provincial governments. The information obtained during these sessions will be a key input to finalizing the Returns.

Contact us

If you have any questions about the Climate Risk Forum, or if you have ideas that you would like to share with us, please contact


Footnote *

Note: Provincial-territorial regulator roundtables will not be convened using the public expression of interest process.

Return to footnote *