The ECB  started to roll out its supervisory agenda on C&E risks in 2020 and, two years later, banks are making tangible progress with their C&E agendas, too. Many banks are still lagging behind in at least one area, though. That is why the ECB is laying out sufficiently accommodative deadlines for banks to fully implement C&E risks into their daily practices.
I am addressing you here today not only as the Governor of the National Bank, but also as a representative and a participant in the UN Global Compact, an important initiative launched in Serbia with the support of the UNDP almost a year to date.