These loans run serious risks the coming years, and banks need to manage this risk. In doing so, by the way, they will discover, indeed they of course already have, that there are also ample and sound business opportunities to help their clients meet these legislative deadlines, thus creating a win win situation for business and climate. But that’s not all.
As a follow up to this work, we are right now developing both physical and transition related stress tests. And we hope to present the results of the physical stress test in the coming few months. We’ve also done some work on the broader question of sustainable finance. About a year ago we published a report on responsible investing in the pension sector.