Firms that are not able to direct their products and production processes towards environmental sustainability will find it more and more difficult to stay on the market. We are working actively, also internationally, to foster the development and adoption of procedures and methodologies that will allow banks to correctly measure and manage the financial risks posed by climate change.
Minimising moral hazard is a necessary condition of confidence and mutual aid among group members, implying participation rules and compliance-monitoring mechanisms and institutions. In order to overcome the crisis that has been undermining the European project, the sense of urgency, diagnosis and the convergence of willingness are not enough.