Global sustainability network NGFS publishes status report and guide for supervisors

The global sustainability network NGFS (Network for Greening the Financial System) is publishing today a report on how banks around the world consider climate-related risks in their lending. The report shows that this is occurring more frequently, but it is at the same time difficult to see which loans constitute a lower risk. This is because, for example, there is no international classification and a shared perception of which assets are “green” and “brown”.

NGFS is also publishing today a guide on how climate- and environment-related risks can be integrated into financial supervision.

Finansinspektionen acted as the project manager in the work with the status report and participated in the creation of the guide for supervisors.

NGFS was created in 2017 and consists today of 66 central banks and supervisory authorities around the world. FI and the Riksbank participate from Sweden.

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