With the publication of the ECB Guide on climate-related and environmental risks in 2020, the ECB set out the view that institutions should take a strategic, forward-looking and comprehensive approach to consider climate-related and environmental risks.
The Institutions were then requested in early 2021 to perform a self-assessment of their current practices against the expectations set out in the Guide and to inform the ECB of their implementation plans to advance the management of climate-related and environmental risks. In 2022 the ECB launched the thematic review, which involved conducting deep dives into institutions’ climate-related and environmental risk strategies, as well as their governance and risk management frameworks and processes.
Read the main findings.