The objective of this report is to draw upon the science and economics of nature to help develop scenario approaches for nature-related financial risks. These insights are used to assess the 'macro-criticality' of nature, meaning its importance for the performance and stability of economies at the national and global level, for financial institutions. The report aims to inform action by central banks and couple this with a preliminary assessment of the relative scale of risks across countries. Its preliminary analyses demonstrate that nature-related risks do have macro-criticality for society, economies and the global financial system.
About the Publisher
The Network of Central Banks and Supervisors for Greening the Financial System is a consensus-based forum of 8 member entities. The network contributes to the development of environment and climate risk management in the financial sector and the mobilisation of mainstream finance to support the transition to a sustainable economy.
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