Intensifying demands from regulators, investors, and the public for attention to environmental, social, and governance ("ESG") considerations presents a key challenge for risk managers, particularly those in the financial sector. This White Paper provides an overview of how regulators in the European Union, United States, United Kingdom, and Australia are responding in this area, particularly with respect to climate change. It also discusses approaches for integrating ESG risk factors into the risk management frameworks of financial institutions under the Basel framework.