A Call for Action: Climate Change as a Source of Financial Risk

April 2019 – The Network for Greening the Financial System collectively acknowledges that climate-related risks are a source of financial risk. Some members have extended this analysis to broader environmental risks finding that these are a source of financial risk as well. The members of the NGFS therefore call for collective action and have issued six recommendations in its first comprehensive report. IFC/SBN is an observer of the NGFS, providing collective experience and insights in sustainable finance from the emerging markets.

Source: https://www.ebrd.com/news/2019/ngfs-calls-for-action-by-central-banks-supervisors-and-all-relevant-stakeholders-for-greening-the-financial-system-.html