We will also be monitoring banks’ entire risk management framework and how their structures are allowing them to more actively manage and disclose climate-related and environmental risks. Good practices And now for some better news. As I said at the outset, almost all banks have developed implementation plans, and many have started to progressively improve their practices.
There are some areas where banks have made substantial progress. For instance, roughly half of them have started to integrate climate risks into their client due diligence. They have developed dedicated client questionnaires to better understand the climate risks to which they are exposed, and they use this information when deciding to whom they grant credit.