Network for Greening the Financial System (NGFS) Information

The Central Banks and Supervisors Network for Greening the Financial System (NGFS) is a group of Central Banks and prudential supervisory authorities willing, on a voluntary basis, to exchange experiences, share best practices, contribute to the development of environment and climate risk management in the financial sector, and to mobilise mainstream finance to support the transition toward a sustainable economy. Its aim is to define, promote and contribute to the researches and therefore to the development of best practices to be implemented within and outside of the Membership of the NGFS and to conduct or commission analytical work on green finance. The Network’s purpose is to help strengthening the global response required to meet the goals of the Paris agreement and to enhance the role of the financial system to manage risks and to mobilize capital for green and low-carbon investments in the broader context of environmentally sustainable development. To this end, the Network communicates several important news concerning green finance, the biodiversity and the multiple ways to reach sustainable development, defines and promotes best practices to be implemented within and outside of the Membership of the NGFS.