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.
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