Providing incentives is important because such incentives can encourage banks to provide voluntarily the information the market demands. I have not come with a specific set of recommendations for improved disclosure. But two common principles apply here as well as to issues related to regulatory reform and adaptation of supervisory practice.
Sustainability challenges, especially those relating to climate change, are of a global nature and require cooperation from all countries. Unwillingness to cooperate in climate action is totally unjustified and illogical, given that climate change affects the entire planet.