As the President of the ECB, Christine Lagarde, has recently said20, “Inaction has negative consequences, and the implications of not tackling climate change are already visible. Globally, the past six years are the warmest six on record, and 2020 was the warmest in Europe. The number of disasters caused by natural hazards is also rising, resulting in $ billion of damages in 2020.
In many cases data is simply not reliable or granular enough. For example, a key issue reported between 3/5  BIS central bankers' speeches  the bid/ask price is data. Loan tapes need to include all the necessary information relating to the collateral and legal process to allow for cross-section and segmentation analysis.