The Government will force banks and companies to analyze their climate-related financial risks year after year

The entities, together with the large companies and all the listed companies, must publish an annual report in this regard.

Climate-related financial risks are no longer just a problem for banks. Companies are also going to have to start conscientiously assessing their financial exposure to climate change. And not only that, but they must also publish an annual report on the matter.

For years now, climate change has become a real concern for many companies, especially banks, whose supervisors are very vigilant about the issue. In fact, they have already undergone stress tests on climate risks and are obliged to continuously review their exposure to them.

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