u/Any_Past8438

I have been working in the Indian climate and nature (biodiversity) risk space for three years and still find it surprising that very few banks/ financiers ask for such risk assessment of the project before lending. India is one of the top countries to be facing extreme physical climate risk in coming decades. Still I see very less demand. On global level, major jurisdictions have made it mandatory to assess the future physical hazards and transition risks the businesses will face. Even the Indian banks like IDFC, SBI, Yes bank have their own team to assess portfolio level risks. Why is it not followed by other financers/ businesses? Is it something that is actually happening but I am not aware of or is it not happening at all?