During 2019/20, this activity included reviewing: – the PRA’s Policy Statement and Supervisory Statement on ‘Enhancing banks’ and insurers’ approaches to managing the financial risks from climate change’; – the PRA framework for assessing financial impacts of physical climate change on the general insurance sector; – the PRA’s ‘Dear CEO’ letter outlining observations from the thematic review of firms’ plans to implement requirements set out in the supervisory statement; and – the Climate Financial Risk Forum’s (co-chaired by the FCA and PRA) guide to help the financial services industry address climate-related financial risks.