Network for Greening the Financial System (NGFS)

🌍 [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://xmrrwallet.com/cmx.plnkd.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://xmrrwallet.com/cmx.plnkd.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://xmrrwallet.com/cmx.plnkd.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://xmrrwallet.com/cmx.plnkd.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://xmrrwallet.com/cmx.plnkd.in/eH2yJVMB 🔗 Learn more about the NGFS work on Transition plans and Adaptation: https://xmrrwallet.com/cmx.plnkd.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://xmrrwallet.com/cmx.plnkd.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://xmrrwallet.com/cmx.plnkd.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://xmrrwallet.com/cmx.plnkd.in/eYGtQAZB

𝐍𝐆𝐅𝐒 𝐒𝐡𝐨𝐫𝐭-𝐭𝐞𝐫𝐦 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨𝐬 | 𝐋𝐚𝐮𝐧𝐜𝐡 𝐄𝐯𝐞𝐧𝐭 🔹 On 12th May, the NGFS presented its first short-term climate macro-financial scenarios capturing near-term shocks to the economy and the financial sector on a time horizon of three to five years. Discover more about the short-term scenarios in our launch event presented by Sabine Mauderer (Chair of the NGFS) and Livio Stracca (Chair of the NGFS workstream on Scenario Design and Analysis), along with the modelers of our partner academic consortium. ➡️ Find the recorded session on YouTube here: https://xmrrwallet.com/cmx.plnkd.in/ewm5wNWE ➡️ Download the presented slides here: https://xmrrwallet.com/cmx.plnkd.in/eqNbhBNa

Yann Marin, Secretary General of the Network for Greening the Financial System (NGFS), attended last week the seminar “Financing the transition: building bridges between climate and nature”, jointly organised by Monetary Authority of Singapore (MAS) and Banque de France, a side event to the Ecosperity week in Singapore.   The seminar brought together more than 120 participants - supervisors, financial institutions, academia and experts - to discuss two main themes: - Integration of nature-related risks, ‘Nature-Related Risks & Opportunities Leading up to COP30’ and - Unlocking Private Finance: ’The Role of Carbon Markets in Accelerating Climate Transition’, a panel where Yann was speaking, alongside Oi-Yee Choo, Benedict CHIA, Jaclyn Dove and moderator Kavitha Menon, CFA. Investment needs, particularly in Asia, are considerable and call for greater mobilisation of the private sector. Carbon markets, blended finance and transparent frameworks are essential to boost investor confidence.   In his opening remarks Marcus Lim (Monetary Authority of Singapore (MAS)) drew parallels between advanced cooking and the delicate balance of natural systems: https://xmrrwallet.com/cmx.plnkd.in/eDuAaP8y