 and supervisors on climate change has been undefined so far, but this network should make it clearer.
The NGFS is a group of central banks that aims to help strengthen the global response required to meet the goals of the Paris Agreement and enhance the role of the financial system in managing risks and mobilizing capital for low-carbon investments. They work on the roles and responsibilities of different financial sector stakeholders, on challenges in greening the financial sector, and financial risks arising from climate change. On April 17th the group will be publishing their first comprehensive report and CDP is engaging to bridge knowledge and expertise about climate-related disclosure and action.
It can no longer be denied that climate change poses a systemic threat to our planet and global economy, and this isn’t a challenge that can be dealt with by one group. All parts of society must step up.
And as the urgency of the climate challenge increases, the collaboration, leadership and support of central banks and supervisors is more needed now than ever.