The Centre for Financial Accountability (CFA) has urged the Reserve Bank of India (RBI) to bolster climate risk understanding, enhance disclosure levels by financial institutions, and explore additional oversight mechanisms. Reacting to RBI’s draft disclosure framework on climate, CFA stressed the need for clarity, specificity, and holistic perspectives. It called for clear investment standards, focusing not only on greenhouse gas emissions but also broader environmental and social impacts. CFA advocated for an ‘impact risk’ perspective, emphasizing project-based transparency to ensure comprehensive accountability and impact assessment. The feedback underscores the importance of disclosing specific projects financed by financial institutions for full public accountability and scrutiny.