pc
nid 94733
Aug 25, 2026
rghosh@vixio.com
Dominican Republic
Press Release-Superintendent of Banks
financial services
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2047 charsDominican Republic's Superintendent of Banks Issues Environmental and Social Risk Management Guidance
On August 17, 2026, the Superintendent of Banks (SB) released a guide on best practices for managing environmental and social risks in the banking sector. The guidance, contained in Circular Letter CCI-REG-2026000010, provides practical tools for implementing Environmental and Social Risk Management Systems (SARAS) in supervised financial intermediation entities.
The guide addresses governance, internal policies, environmental and social due diligence, risk categorization, integration of environmental and social criteria into the credit cycle, monitoring mechanisms, institutional training, and performance indicators. The SB emphasizes that environmental and social risks warrant the same attention as traditional risks, as they can impact credit portfolio quality and generate financial, legal, regulatory, and reputational risks for financial institutions. The guidance incorporates international standards and references, including the International Finance Corporation (IFC) Performance Standards, the Equator Principles, the United Nations Principles for Responsible Banking, and recommendations from the Task Force on Climate-related Financial Disclosures (TCFD).
The guide includes methodologies for project evaluation and best practices applicable to high-impact sectors including energy, agroindustry, construction, mining, and tourism—areas particularly exposed to climate change risks, natural resource use, and social impacts. The SB clarifies that this instrument is referential in nature and does not establish regulatory obligations. Implementation must follow criteria of proportionality, gradualism, and adaptation to each financial entity's size, operational complexity, and risk profile.
The guide's development forms part of the SB's broader efforts to strengthen the integration of environmental, social, and governance (ESG) criteria in banking supervision, alongside financial sector awareness workshops, climate risk pilot exercises, and incorporation of the Green Taxonomy into regulatory reporting requirements.
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2078 charsDominican Republic's Superintendent of Banks Issues Environmental and Social Risk Management Guidance
On August 17, 2026, the Superintendent of Banks (SB) of the Dominican Republic released a guide on best practices for managing environmental and social risks in the banking sector.
The guidance, contained in Circular Letter CCI-REG-2026000010, provides practical tools for implementing Environmental and Social Risk Management Systems (SARAS) in supervised financial intermediation entities.
The guide addresses:
Governance.
Internal policies.
Environmental and social due diligence.
Risk categorization.
Integration of environmental and social criteria into the credit cycle.
Monitoring mechanisms.
Institutional training.
Performance indicators.
The SB emphasizes that environmental and social risks warrant the same attention as traditional risks, as they can impact credit portfolio quality and generate financial, legal, regulatory, and reputational risks for financial institutions.
The guidance incorporates international standards and references, including the International Finance Corporation (IFC) Performance Standards, Equator Principles, the United Nations Principles for Responsible Banking, and recommendations from the Task Force on Climate-related Financial Disclosures (TCFD).
The guide includes methodologies for project evaluation and best practices applicable to high-impact sectors including energy, agroindustry, construction, mining, and tourism—areas particularly exposed to climate change risks, natural resource use, and social impacts.
The SB clarifies that this instrument is referential in nature and does not establish regulatory obligations. Implementation must follow criteria of proportionality, gradualism, and adaptation to each financial entity's size, operational complexity, and risk profile. The guide's development forms part of the SB's broader efforts to strengthen the integration of environmental, social, and governance (ESG) criteria in banking supervision, alongside financial sector awareness workshops, climate risk pilot exercises, and incorporation of the Green Taxonomy into regulatory reporting requirements.