The banking supervisors of the European Central Bank (ECB) still see major deficits in European banks when it comes to considering climate and environmental risks in their risk management and strategy. This emerges from a study for which the central bank had examined the handling of such dangers at 186 institutions, including 39 financial institutions from Germany. The report provides information on whether banks adequately identify and manage environmental aspects.
The ECB is observing progress at banks in considering such dangers in their risk management and in their strategy: Around 85 percent of banks are now using at least basic procedures in most areas. However, most lack more sophisticated methods and granular information on climate risks.
You can find the whole article here