Although progress has been made in improving internal risk management systems, considerable work must yet be done. 7  6  The industry has published reports highlighting the need for improved risk measurement and management, including the provision of information to and involvement of senior management with regard to the risk profile of the institution.
The PBOC and the United States Department of the Treasury co-chaired the G20 Sustainable Finance Working Group and led the development of the G20 Sustainable Finance Roadmap in 2021, which has become an important guideline for mobilizing market funds to address climate change at the international level.