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Transition plan scrutiny could change capital requirements, NGFS says

Supervisory authorities could require financial institutions to scrutinise companies' climate transition plans, as part of work to determine whether capital requirements should be changed to capture climate risks, according to a research paper.

NGFS consults on climate data guide

Banque de France first central bank to join CDP

Banque de France has become the first central bank to join the CDP, which requests environmental disclosures by companies.

NGFS: Central banks should respond to nature risks

Central banks and supervisors should consider nature-related financial risks to fulfil their mandates, as failure to account for these risks could threaten financial stability, NGFS has said.

NGFS makes 'Glasgow declaration' to step up work on climate scenarios

The Central Banks and Supervisors Network for Greening the Financial System (NGFS) has published a plan of action for coming years...

Central bank group to discuss incorporating biodiversity risks into policy frameworks

A study group examining how central banks can manage the threat posed by biodiversity loss to financial stability has set out its work agenda, which includes discussion of whether biodiversity risks should be incorporated into macroprudential policy frameworks and instruments.

Central banks should explicitly back net-zero measures, says report

Central banks should explicitly align their policies with achieving a net zero carbon emission economy by 2050, according to a paper prepared by a trio of economists, including through their prudential supervision, monetary policy and their own portfolios.

19 EU central banks adopt common sustainable investment principles

NGFS to turn its gaze to biodiversity loss

News round-up: Federal Reserve joins NGFS, BNP's energy transition fund, Poseidon Principles ... and more