Network for Greening the Financial System (NGFS)

🌍 𝐍𝐆𝐅𝐒 𝐋𝐚𝐮𝐧𝐜𝐡 𝐄𝐯𝐞𝐧𝐭 𝐫𝐞𝐜𝐨𝐫𝐝𝐢𝐧𝐠 - 𝐀𝐝𝐚𝐩𝐭𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐓𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧 𝐩𝐥𝐚𝐧𝐬 The Network for Greening the Financial System (NGFS) published in July an input paper on integrating adaptation and resilience into transition plans, prepared at the invitation of the G20 South Africa Sustainable Finance Working Group. 🎥 The launch event recording is now available! Discover how adaptation can be embedded into transition planning to address physical climate risks and strengthen resilience. ▶️ Watch the video here: https://lnkd.in/e85wtaRh 📖 Read the full paper here: https://lnkd.in/eC33atqa Sabine Mauderer Fundi Tshazibana Sean Carmody Donald Chen Yann Marin François Lesage Dr Graham Sinden Alexia Watel Ludivine Berret Rachèle Sannier #SustainableFinance #ClimateAdaptation #NGFS #TransitionPlans

🌍 𝐅𝐫𝐨𝐦 𝐜𝐥𝐢𝐦𝐚𝐭𝐞 𝐫𝐢𝐬𝐤𝐬 𝐭𝐨 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐫𝐢𝐬𝐤𝐬: 𝐡𝐨𝐰 𝐝𝐨 𝐜𝐥𝐢𝐦𝐚𝐭𝐞 𝐜𝐡𝐚𝐧𝐠𝐞 𝐢𝐦𝐩𝐚𝐜𝐭𝐬 𝐫𝐢𝐩𝐩𝐥𝐞 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐭𝐡𝐞 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐬𝐲𝐬𝐭𝐞𝐦?   Climate hazards damage assets, disrupt supply chains, and slow down production, while climate policies reshape demand and affect firm profitability – effects that ripple through the economy and ultimately can drive capital reallocations and financial market adjustments.   𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞𝐬𝐞 𝐭𝐫𝐚𝐧𝐬𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐜𝐡𝐚𝐧𝐧𝐞𝐥𝐬 𝐢𝐬 𝐞𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥 𝐟𝐨𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐚𝐜𝐭𝐨𝐫𝐬.   When climate risks are identified and assessed, the value of climate-aligned financial flows becomes clearer, while the risks of climate-inconsistent flows are more accurately priced and curtailed.   The #ParisAgreement’s article 2.1(c) calls for aligning financial flows with low-emission, climate-resilient development. By integrating climate-related risks into their frameworks and decision-making processes, central banks, supervisors and financial institutions can help shift capital towards more sustainable outcomes.   The NGFS scenarios provide open-access tools to analyse these macro-financial dynamics, and explore the short-term and long-term economic and financial implications of different climate transition pathways.   👇 To explore insights, the NGFS scenarios portal is available here: https://lnkd.in/ecUgTGNn #NGFSRoadtoCOP30 

🍃 The Network for Greening the Financial System (NGFS) has published its 2024 Annual Report. In 2024, amid tangible reminders of the impacts climate change is already having globally on our economies, the NGFS continued to provide a 𝐟𝐨𝐫𝐮𝐦 𝐟𝐨𝐫 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐩𝐞𝐞𝐫 𝐞𝐱𝐜𝐡𝐚𝐧𝐠𝐞, 𝐞𝐱𝐩𝐥𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐝𝐞𝐛𝐚𝐭𝐞 to enable actions by central banks and supervisors across the globe to better frame and tackle climate and nature-related risks. It was a productive year for the NGFS, where the contributions and strong involvement from its Members and Observers resulted in 1️⃣9️⃣ 𝐩𝐮𝐛𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 produced by its 10 Working Groups. From a Network of 8 when it was established in 2017, the NGFS is proud to count a total membership of 1️⃣6️⃣6️⃣ 𝐌𝐞𝐦𝐛𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐛𝐬𝐞𝐫𝐯𝐞𝐫𝐬 (end-2024), with 10 additional central banks joining throughout the year, allowing the Network to further anchor its presence across all continents, with broad representation from both advanced and emerging market economies. Being a 𝐦𝐞𝐦𝐛𝐞𝐫-𝐝𝐫𝐢𝐯𝐞𝐧 𝐍𝐞𝐭𝐰𝐨𝐫𝐤, the success of the NGFS relies entirely on the strong commitment and the contributions by its membership. We are 𝐭𝐫𝐮𝐥𝐲 𝐠𝐫𝐚𝐭𝐞𝐟𝐮𝐥 𝐭𝐨 𝐚𝐥𝐥 𝐨𝐮𝐫 𝐌𝐞𝐦𝐛𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐛𝐬𝐞𝐫𝐯𝐞𝐫𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞𝐢𝐫 𝐜𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐯𝐞 𝐞𝐟𝐟𝐨𝐫𝐭𝐬 𝐚𝐧𝐝 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐢𝐨𝐧. We look forward to another exciting year together. 🔎 Read the full Annual Report on our website: https://lnkd.in/ev73BEY8

🌍 [PUBLIC WEBINAR TOMORROW] | The Network for Greening the Financial System (NGFS) published today an input paper on integrating adaptation and resilience into transition plans, developed at the invitation of the G20 Sustainable Finance Working Group.    📅 Join us tomorrow for the public webinar during which the paper will be presented, on Wednesday, 23 July 2025, 12:00-13:00 pm CEST.  Register here on Teams: https://lnkd.in/eH2yJVMB   As the impacts of climate change continue to intensify, adaptation must be integrated alongside mitigation in climate strategies. Building on the Transition Plan Package (2024) and Conceptual Note on Adaptation Framework (2024), this paper explores how transition plans can be leveraged to assess and manage physical climate risks.   🔍 The report offers:  ➡️ A practical framework to embed adaptation across five pillars of transition planning  ➡️ Guidance on adaptation metrics and targets  ➡️ A maturity pathway to support institutions at different levels of readiness    ✅ Developed in collaboration with the ;International Transition Plan Network (ITPN), UNDP Sustainable Insurance Forum (SIF) and CDP, this work contributes to the G20’s 2025 priority of scaling up adaptation finance for a just climate transition.    🔗 Read the full paper here: https://lnkd.in/eC33atqa   Sean Carmody | Donald Chen | Sabine Mauderer | Fundi Tshazibana | François Lesage | Dr Graham Sinden | Laj Gajwani | Sarah McPhail | Nancy Xie | Karen Li | Willy Mak | Harper Kim | Ronald Young | Alexia Watel | Ludivine Berret | Elsa Cheminet | Elsa Allman | Thomas Beretti | Yann Marin | Rachèle Sannier    #ClimateAdaptation #TransitionPlans #NGFS #ClimateResilience #G20

🌍 [NEW PUBLICATION] | The Network for Greening the Financial System (NGFS) is publishing today an input paper on integrating adaptation and resilience into transition plans, developed at the invitation of the G20 Sustainable Finance Working Group. As the impacts of climate change continue to intensify, adaptation must be integrated alongside mitigation in climate strategies. Building on the Transition Plan Package (2024) and Conceptual Note on Adaptation Framework (2024), this paper explores how transition plans can be leveraged to assess and manage physical climate risks. 🛠️ The paper adapts the five key building blocks of transition planning – governance, foundations, implementation strategy, engagement strategy, and metrics & targets – to incorporate adaptation and resilience considerations. It proposes a “maturity pathway” to support financial and non-financial institutions in developing metrics and targets for adaptation, as part of their transition planning process. ✅ Developed in collaboration with the International Transition Plan Network (ITPN), UNDP Sustainable Insurance Forum (SIF) and CDP, this work contributes to the G20’s 2025 priority of scaling up adaptation finance for a just climate transition. 🔗 Read the full paper here: https://lnkd.in/eC33atqa Sean Carmody | Donald Chen | Sabine Mauderer | Fundi Tshazibana | François Lesage| Dr Graham Sinden | Laj Gajwani | Sarah McPhail | Nancy Xie | Karen Li | Willy Mak | Harper Kim | Ronald Young | Alexia Watel | Ludivine Berret | Elsa Cheminet | Elsa Allman | Thomas Beretti | Yann Marin | Rachèle Sannier #ClimateAdaptation #TransitionPlans #NGFS #ClimateResilience #G20

🌍 Climate inaction comes at a high cost for the global economy. As Parties to the #ParisAgreement are submitting their updated Nationally Determined Contributions (#NDCs) until September, the Network for Greening the Financial System (NGFS) scenarios serve as a reminder of the importance of a fast and coordinated transition to #NetZero. NGFS long-term climate #scenarios show that continuing on our current policy path could shrink global GDP by up to 15% by 2050, compared to a baseline without the physical impacts of climate change. Such a level of disruption will affect economies and livelihoods across all regions. Understanding the macro-economic implications of climate change is an important step towards timely and informed decision-making. That is why the NGFS provides open-access, science-based scenarios that help #CentralBanks, #Supervisors, #Governments, and #FinancialInstitutions assess risks, stress-test financial portfolios and broader economic resilience, and prepare for what lies ahead. 👇 Read more below, and explore our scenarios here: https://lnkd.in/eThmHn4 #NGFSRoadtoCOP30 

📢 [SAVE THE DATE] Join us for the launch event of the NGFS’ G20 input paper on #Adaptation and #TransitionPlans The Network for Greening the Financial System (NGFS) is pleased to invite you to a public webinar to present its new report: “Integrating Adaptation and Resilience into Transition Plans”. Developed at the request of the G20 Sustainable Finance Working Group (SFWG), this paper supports the G20’s 2025 priority on scaling up adaptation finance for a just climate transition. It builds on the NGFS Transition Plan Package and Adaptation Framework, and was developed in close collaboration with key partners: International Transition Plan Network (ITPN), CDP, and UNDP Sustainable Insurance Forum (SIF). 🔍 The report offers: ➡️ A practical framework to embed adaptation across five pillars of transition planning ➡️ Guidance on adaptation metrics and targets ➡️ A maturity pathway to support institutions at different levels of readiness The launch event will be an opportunity to explore how integrating adaptation into transition planning can complement mitigation efforts, reduce vulnerability to physical climate risks, and unlock new investment opportunities. We warmly invite policymakers, supervisors, financial institutions, corporates, and academics to join the conversation and help shape a more resilient financial system. 📅The online event will take place on Wednesday, 23 July 2025, 12:00-13:00 pm CEST, following the publication of the report. Register here on Teams: https://lnkd.in/eH2yJVMB 🔗 Learn more about the NGFS work on Transition plans and Adaptation: https://lnkd.in/ebfaw3T7 Sean Carmody | Donald Chen | Sabine Mauderer | Fundi Tshazibana | François Lesage | Dr Graham Sinden | Laj Gajwani | Sarah McPhail | Nancy Xie | Karen Li | Willy Mak | Harper Kim | Ronald Young | Alexia Watel | Ludivine B. | Elsa Cheminet | Elsa Allman | Thomas Beretti | Yann Marin | Rachèle Sannier

🌍 How can transition plans help build a resilient, low-carbon financial system? Today, the NGFS is pleased to share two new publications on transition plans that offer practical insights for financial institutions and supervisors navigating climate-related financial risks: 📌 Climate Target Setting and Transition Plans This note outlines how financial institutions can develop climate targets within their transition plans, aligned with overall business strategy and risk frameworks. It also provides guidance for micro-prudential authorities to understand these targets in the context of financial institutions' safety and soundness. 📌 Interactions Between Climate Scenario Analysis and Transition Plans This note explores the synergies between climate scenario analysis and transition planning, identifying how scenario analysis can inform strategic planning and risk mitigation, and how transition plans can in turn provide valuable input for scenario design and application. 📊 New infographic released! We’ve also published a visual summary of key NGFS findings on transition plans since 2023 —check it out for an overview of the NGFS findings on the topic! These documents aim to equip financial institutions with the tools to create credible, forward-looking strategies—and help supervisors better understand the implications for financial stability. 📘 Learn more and access the notes here: https://lnkd.in/enKXwH5i? #NGFS #ClimateRisk #TransitionPlans #ScenarioAnalysis #CentralBanking #SustainableFinance Vivian Yu | Tim Rawlings | Amy-Jane Burrell | Ivana Baranović | Niklas Schmeyer | Viktória Deák | Laj Gajwani | Ludivine B. | Elsa Cheminet | Donald Chen | Alberto Casillas Cuevas | Rachèle Sannier | Jasper Chan | Léopold Gosset | Iona Pelletier

🌍 Last week, the NGFS was proud to participate in the #SB62 #JuneClimateMeetings in Bonn! At the Presidency-led consultation with stakeholders on the #BakutoBelémRoadmap to $1.3 Trillion, our Secretary General, Yann Marin, emphasized the importance of a robust international regulatory environment and strong national coordination to unlock capital flows into developing economies. Meanwhile, during the first 2025 workshop of the Sharm el-Sheikh Dialogue on Article 2.1(c) of the #ParisAgreement and its link with Article 9, Dr. Nina Fenton from the Deutsche Bundesbank shared key insights from the latest NGFS climate scenarios and highlighted our ongoing efforts in capacity building. As we look ahead to #COP30 in Belém, the NGFS remains committed to supporting the momentum of the Brazilian Presidency’s call for “mutirão” – collective action for climate ambition. Make sure to follow the Network for Greening the Financial System (NGFS) and stay tuned for upcoming publications on the #NGFSRoadtoCOP30 ! 🎥 Watch the replay of the consultation event here: https://lnkd.in/dVKMDg9g

🎙 𝐈𝐧 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡… “The transition to a sustainable and climate-resilient economy is both a challenge and an opportunity. While our small size presents certain constraints, it also allows us to be agile and focused. Platforms like the NGFS are vital to this journey, and we remain committed to actively contributing to the shared goal of safeguarding financial stability, while also supporting Malta's adaptation to the changing climate and ensuring the country’s resilience in the face of evolving challenges.” If you want to learn more about the Central Bank of Malta’s involvement with the #NGFS, take a look at our latest interview with Ms Wendy Zammit, Head of Financial Stability Surveillance & Research Department. ➡️ Read more: https://lnkd.in/eYGtQAZB