We also need more data on the potential impact of extreme weather events. As of today, much of this data is incomplete. Since climate change knows no borders, global efforts are needed. Regulators, central banks and supervisors around the world are starting to take action. First, on getting financial institutions to manage their own climate change related risks.
I would like to express our deep appreciation to those volunteers who have devoted their time and talents to this very worthwhile venture. Thanks also to our service providers who have helped get the programme off to a successful start. We saw the programme as an opportunity for good corporate citizenship and much of that has been forthcoming.