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NGFS publishes guidance amid rise in climate-related litigation cases

Network for Greening the Financial System (NGFS) has warned more climate-related litigation cases are on the horizon.

Central banks: we need better transition data to inform monetary policy

Central banks have called for a framework to help them determine which aspects of the climate transition are relevant to monetary policy, and better data to inform their decisions.

NGFS says it will heed call for more detailed climate scenarios

Respondents to a consultation on climate-related scenarios say they want more detail on sector-level impacts as well as extra guidance on using the scenarios - a call the group developing the scenarios said will be answered later this year.

NGFS looks to develop 'short-term' climate scenarios

We cannot ignore nature, warns German central bank

The profitability of banks will be put at risk if they continue to ignore nature-related risks, Deutsche Bundesbank's Sabine Mauderer warned,...

NGFS hails progress on climate, biodiversity in annual report

NGFS interested in UK transition plan framework, says BoE's Breeden

There is international interest in the UK's plans to develop a world-leading "gold standard" for climate transition plans, including from members of the Central Banks and Supervisors Network for Greening the Financial System (NGFS), a senior central banker has said.

NGFS seeks feedback on climate scenarios

Sustainable finance: key themes for regulation and policy in 2023

The year ahead could be dominated by ESG-related regulation and progress on sustainability data initiatives, Michael Hurley writes

Regulators' climate scenario analyses could be understating risks, warns FSB

The climate scenario analyses carried out by financial authorities may underestimate exposures and vulnerabilities, as they are not capturing the second-order impacts associated with climate change, the Financial Stability Board (FSB) has said.