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Network for Greening the Financial System
L o a d i n g

The NGFS, launched at the Paris One Planet Summit on 12 December 2017, is a group of central banks and supervisors, which on a voluntary basis are willing to share best practices and contribute to the development of environment and climate risk management in the financial sector, and to mobilize mainstream finance to support the transition toward a sustainable economy. The NGFS brings together 108 central banks and supervisors and 17 observers. Together, they represent five continents and over 85% of global greenhouse gas emissions, and are responsible for the supervision of all of the global systemically important banks and two thirds of global systemically important insurers

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  • The directory helps financial sector stakeholders identify important and relevant climate-related data sources to meet their needs and facilitate access to these data. It also facilitates the identification of potential data gaps (where raw data items needed to construct a metric are not available) and creates incentives to bridge such gaps. As a living catalogue of available climate-related data sources for financial sector stakeholders, the directory is a public good. Besides, in fostering the establishment of comparable and consistent climate data, the directory can support the implementation of the International Sustainability Standards Board (ISSB) global standards. Hence, the NGFS hopes it will be used widely by financial sector stakeholders and the public globally, as a widespread adoption will in turn allow users to feedback to NGFS on the latest data sources and sustain the relevance of the directory. They urge all interested participants to take advantage of this new tool and leverage it to effectively green the financial system.
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