Transition plans key to stave off threat to financial stability, says Aviva's Waygood

The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) will publish its "stocktake" on transition plans this week, which one official said will demonstrate how "inconsistent" the global picture is.

Europe is more highly exposed to negative biodiversity impact than other regions including the US, with emerging markets also "slightly ahead" on developing 'positive' biodiversity solutions.

While global sustainable assets continued to rise, large outflows in many regions slowed the global pace of investment in the first quarter of 2023.