Members of Parliament, thank you very much for your kind invitation. I am delighted to be here today to discuss a topical issue that, I believe, is very important in the context of finalising the draft Climate Change and Energy Transition bill.
I would like to begin by reflecting on the role that public policies can play in managing the transition. I will then go on to talk about the role that the banking sector can and must play in this process, including business, regulatory and supervisory matters. I will also address one of the key outstanding issues: the lack of reliable and uniform information, which hampers decisions on investment, supervision and control.
The banking sector's involvement in the transition to a more sustainable economic model is a relatively recent development. However, as you are well aware, combating climate change is a recurring objective of international institutions, since at least the United Nations Summit held in Rio de Janeiro in 1992.