I mean the Environmental, Social and Governance risks that are usually referred to as the ESG. Both the physical climate risks of draughts, floods and other similar cataclysms, and the risks related to the period of transition towards a new model of sustainable economy must become an integrated part of the financial stability monitoring efforts.
In: International Journal of Central Banking, Vol. 11, No. 3, pp 385–400. BIS central bankers’ speeches  3  of banks. No sooner had it been put in place than the Basel Committee set about tackling the variability of risk-weighted assets in portfolios with essentially similar risk profiles. This variability makes it more difficult for investors to compare one bank with another.