The new guidance sets out four key steps for setting agricultural emissions targets and calls on banks to engage with farmers on sustainable strategies.
December 8, 2022The NGFS has published updated climate scenarios for central banks and supervisors.
September 8, 2022Chair Ravi Menon described the next phase of the NGFS' work as a "move from awareness to action".
June 2, 2022Without early action, the UK's largest banks and insurers would suffer climate-related losses worth $418bn by 2050.
May 25, 2022NGFS members do not yet envisage calibrating prudential policies such as capital requirements on the basis of climate scenario exercises.
October 22, 2021If the transition fails, 13% of global GDP would be at risk by the end of the century, even before accounting for severe weather events.
June 10, 2021The end result will be more robust management of climate-related financial risks across the sector, said BOE governor Andrew Bailey.
June 10, 2021Five asset managers have been appointed to manage S$1.8bn of Singapore's official foreign reserves under new mandates focused on climate change and the environment.
June 10, 2021APRA is piloting a risk culture survey, independent cyber security reviews, and a new data collection exercise on technology and cyber risks.
May 3, 2021The publications on reference scenarios and monetary policy will allow NGFS members and the FIs they supervise to better identify, quantify and mitigate climate risks in the financial system.
June 26, 2020