Climate risk remains a key focus for regulators and investors, despite the apparent backlash against ESG considerations in some regions. The significance of climate risk is reinforced by existing and upcoming mandatory climate reporting requirements in various regions globally. 

This report evaluates all 29 global systemically important banks (G-SIBs) in terms of their preparedness for managing climate transition risks in alignment with evolving standards and regulations, providing an overview of key regulatory and reporting framework developments, and containing an assessment of the top-performing G-SIBs regarding climate governance, strategy and risk management. 

Readers of this report will learn about:

• Key regulatory and reporting framework developments.  
• How prepared each of the 29 G-SIBs are to manage climate transition risks.  
• How regional G-SIBs are performing regarding their transition resilience programs and risk-appetite strategies.