for disclosing climate - related risks. 2 / 4 bis central bankers'speeches in may, the g20 sfw g hosted a sustainable finance roundtable, a public event involving the private sector. the event provided two new insights. first, there is growing interest in the need to improve reporting, including on other sustainability issues such as biodiversity. second, special attention should be devoted to setting achievable conditions for small and medium - sized firms regarding the disclosure of climate - related risks, which should in any case consider the principles of proportionality and cost efficiency. financial inclusion and international digital cooperation the shift to digital financial services deserves close attention since it offers new opportunities but, if not carefully governed, could also generate undesirable consequences. not only may it lead to new forms of exclusion, making access to finance more unequal, but it may also favour irresponsible financial behaviour, such as over - indebtedness. we must work together in the g20 to ensure that the benefits of digitalisation are widely shared. the outcome will depend, crucially, on the development and accessibility of digital infrastructures, the degree of financial and digital literacy, and the adequacy of governance, especially in the fields of regulation and supervision. there are two main and complementary areas of intervention. one concerns the digital and financial competences of individuals and firms, which must be raised through education, an essential tool for people ’ s empowerment, active citizenship and well - being. as co - chair of the g20 global partnership for financial inclusion, we have made a full commitment to delivering on the multi - annual agenda recently endorsed by the g20. the second area revolves around fostering more innovative regulatory and supervisory approaches to steer and encourage the development of inclusive and responsible digital financial services, while granting adequate protection to customers, not least from cyber risk. our work programme also gives priority to initiatives such as the g20 roadmap, coordinated by the fsb, aimed at promoting the development of cross - border payments, to make them cheaper, faster, more transparent and inclusive. a key output of the roadmap is the identification of a set of qualitative and quantitative targets in the four main areas of costs, speed, access, and transparency. on 27 – 28 september, the bank of italy will host an international conference in which we will take stock of the roadmap one year after its launch. the roles played by businesses and governments in the payment

profitability of banks as exploitative given the high cost of credit, and banks should place greater emphasis on longer - term environmental, social, and governance issues. in this regard, cbk has compelled banks to review their business models and has over the last three years impressed on bank shareholders to accept lower return that takes into account the long term needs of their customers and the economy. against this backdrop, in february 2019, cbk issued the kenya banking sector charter to entrench this vision in the banks. the charter represents a commitment from banks to entrench a responsible and disciplined banking sector, cognizant of, and responsive to, the needs of their customers. by end may 2019, all banks had submitted to cbk their time - bound plans approved by their boards, to comply with the charter on the four pillars. cbk is now monitoring implementation of the charter by each bank. more recently, cbk has also secured commitments from the banks that they will act responsibly, particularly on the pricing of credit now that the interest rate caps have been repealed. banks have no choice but to work for and with kenyans. with the clear vision that is operationalized in the banking sector charter, this time it will be different. the writer is the governor of the central bank of kenya