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<v ->True or false?</v>
<v ->Yes.</v>

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<v ->Climate risk is apparently too uncertain for banks</v>

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to quantify and prioritize in their financial decisions.

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What do you think?

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<v ->I think it's false,</v>

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but it's also not super straightforward.

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I mean, banks already looking at it for their own risk.

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They're looking at their portfolio and look at the locations

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or to leverage climate hazards,

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or they just look at it from a sector perspective

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and see like, okay, how can we do a scoring about it

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and where can we action upon.

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<v ->From your experience, how are they doing it in reality?</v>

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<v ->So, I think there are three things to actually look at.</v>

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One is the time horizon of the risks.

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The next one is just the climate scenarios

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that you're using, but then also all the data.

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So, you have the different hazards,

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but you also have the vulnerability of the assets.

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Are they really resilient?

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I think it's also interesting to look at the opportunities.

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Are opportunities out there as well?

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<v ->This is a three birds with one stone.</v>

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First, addressing this as a bank,

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you're helping your client manage their own physical risk.

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Second, you're hedging your own risk as a bank,

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because you don't want be sitting on financial decisions

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overlooking some of the risks

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that is more and more material.

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And third, in many and most of the jurisdictions

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that we're looking at, supervisors and regulators

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are asking banks to work on this.

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Three things at once.

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