The Central Banks and Supervisors Network for Greening the Financial System

NGFS

Networks and Others

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Mission

At the Paris “One Planet Summit” in December 2017, eight central banks and supervisors established a Network of Central Banks and Supervisors for Greening the Financial System (NGFS).

The Network’s purpose is to help strengthening the global response required to meet the goals of the Paris agreement and to enhance the role of the financial system to manage risks and to mobilize capital for green and low-carbon investments in the broader context of environmentally sustainable development.

The organization has no registered commitments.

The Sendai Framework Voluntary Commitments (SFVC) online platform allows stakeholders to inform the public about their work on DRR. The SFVC online platform is a useful toolto know who is doing what and where for the implementation of the Sendai Framework, which could foster potential collaboration among stakeholders. All stakeholders (private sector, civil society organizations, academia, media, local governments, etc.) working on DRR can submit their commitments and report on their progress and deliverables.

Latest additions

Items: 6

Themes

Hazards

Country and region

Content type

Publication year

Publication

19 April 2021

Adapting central bank operations to a hotter world: Reviewing some options

This report discusses how under all possible scenarios, climate-related risks will have consequences for the economic outlook, for the financial system in which central banks operate and, thus, for the conduct of monetary policy.

News

30 June 2020

NGFS publishes a first set of climate scenarios for forward looking climate risks assessment alongside a user guide, and an inquiry into the potential impact of climate change on monetary policy

Central banks and prudential supervisors around the world are stepping up efforts to integrate climate-related risks into their work by focusing on the potential impact of climate change on price stability.

Publication

26 June 2020

Climate change and monetary policy: Initial takeaways

Climate change is one of the most significant structural force shaping the global economy. Its impact will be substantial and diverse, affecting all economic agents and sectors across the globe.

Publication

26 June 2020

NGFS climate scenarios for central banks and supervisors

The Network for Greening the Financial System (NGFS) Climate Scenarios (the scenarios) have been developed to provide a common starting point for analysing climate risks to the economy and financial system.

Publication

26 June 2020

Guide to climate scenario analysis for central banks and supervisors

This guide provides practical advice on using scenario analysis to assess climate risks to the economy and the financial system.

Publication

24 April 2019

A call for action: Climate change as a source of financial risk

Climate-related risks are a source of financial risk and it therefore falls squarely within the mandates of central banks and supervisors to ensure that the financial system is resilient.