The Bank of Italy has published the main findings from its monitoring of how Less Significant Institutions (LSIs) are implementing action plans aimed at progressively integrating climate and environmental risks into their business processes. The monitoring focuses on integration into business strategies, governance and control systems, and the risk management framework. The publication also updates the good practices observed, supplementing the report issued in December 2023.
Bank of Italy 2025-05-27
Bank of Italy publishes progress review of LSIs’ climate and environmental risk action plans and refreshes good practices
The Bank of Italy released findings from its monitoring of Less Significant Institutions' integration of climate and environmental risks into business processes. The report highlights integration into business strategies, governance, control systems, and risk management frameworks, updating good practices since December 2023.