The European Central Bank, acting as the single banking supervisor in the euro area, said, in an updated assessment it published on Monday 14 March, that, despite some improvements, consolidated information on the climate risk exposure of the banking groups it directly supervises is “still insufficient”.
More than 70% of banks report on how their board oversees climate and environmental risks, up from 50% in November 2020 when the first assessment was made. On the other hand, roughly...