Banking regulators around the world are developing supervisory and regulatory approaches to climate-related risks. The IFC and the International Institute of Finance (IIF) will discuss findings from a recent report by IIF, which makes the case for prudential authorities to consider both micro prudential and macroprudential objectives in their response to climate-related and environmental risks. The report discusses the core tools that supervisors can use to approach these risks, and the importance of global efforts to coordinate and reduce market fragmentation.