Third ESRB annual conference - 27/28 September 2018 Policy panel discussion: Sustainable finance Climate change can pose a threat to financial stability due to the adverse impact of climate- and weather related events on the economy and the transition risks associated with reducing carbon emissions. Participants in this policy panel discussed their insights on climate-related financial risks and how they can be addressed by market participants and financial policymakers. Chair: Mark Carney, Governor of Bank of England Panellists: Stefan Ingves, Governor of Sveriges Riksbank Dirk Schoenmaker, Professor, Erasmus University Rotterdam Christian Thimann, CEO, Athora Germany Francois Villeroy de Galhau, Governor of Banque de France