The Autorité de contrôle prudentiel et de résolution (ACPR) publishes today the results of its climate pilot exercise. This exercise is a world first, and consists of an assessment, conducted by a supervisor, of the financial risks associated with climate change with the banking groups and insurance undertakings under its remit. It illustrates the commitment and efforts of the Banque de France, the ACPR and the Paris financial centre to combat climate change. It also underlines the need for financial institutions and supervisors to step up their response to the climate emergency.