The proper assessment and supervision of the 2/5  BIS central bankers' speeches  financial risks stemming from the transition to a low-carbon economy are important factors in promoting sustainable development and safeguarding the smooth functioning of the financial system9. In this context, the banking sector can also play an important role in addressing the threats and challenges of climate change.
The United Nations, through the Environment Programme Finance Initiative (UNEP FI), sets out sustainability principles in the framework of contemporary banking practice. Currently under consultation, the Principles for Responsible Banking10 aim to define the role and the responsibilities of the banking sector in a sustainable future, where banks align their business practices with the global community goals and create value for society.