My research focuses on identifying and managing risks in the financial sector. Financial intermediaries, especially banks, face numerous risk typess during their operations, which are addressed by regulatory authorities, central banks, and various international organizations through expectations and guidelines. Implementing these regulations and finding best practices is crucial for financial stability and, consequently, for sustainable economic growth. One of the greatest challenges today is ESG (Environmental, Social, and Governance) risk. Key questions include how to integrate ESG considerations into banks' business models and risk management frameworks, and how to comply with the diverse and complex reporting requirements. The primary goal is to explore these aspects at the domestic and regional levels.