Featured Product

    DNB Publishes NGFS Guide on Sustainable and Responsible Investment

    October 17, 2019

    DNB published a guide, which is prepared by the Network for Greening the Financial System (NGFS), on sustainable and responsible investment for portfolio management of central banks. The guide identifies five strategies for sustainable and responsible investment, with the most prominent strategies being green bond investments and negative screening for equity and corporate bond holdings. The guide builds on the results of a portfolio management survey on sustainable and responsible investment among the NGFS members and concludes with case studies of first-hand experiences by some NGFS members.

    The case studies presented in the guide are intended to help build critical momentum and lower barriers for other central banks to follow suit, thus speeding up the transition to a more sustainable economy. According to the survey on sustainable and responsible investment, there is a growing momentum among NGFS members, with 25 out of the 27 respondents either having adopted the sustainable and responsible investment principles in their investment approach or planning to adopt these principles. The principles range from a broad scope of environmental, social, and governance (ESG) considerations to a climate-specific focus. The survey also indicates that most central banks use (40%), or are considering using (36%), a third-party ESG data provider. This guide is part of the NGFS mission to encourage central banks and supervisors across the globe to lead by example and include sustainability considerations in their portfolio management. 

    In the coming months, the NGFS will continue to work on additional technical documents, including further details on the NGFS transition scenarios and guidelines on scenario-based climate risk analysis, along with a guide on supervision practices. NGFS, which was launched December 12, 2017, is a group of about 46 central banks and supervisors voluntarily 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 is chaired by Frank Elderson, executive board member of DNB. 


    Related Links

    Keywords: Europe, Netherlands, Banking, Insurance, Securities, Pensions, Guide, Sustainable Finance, ESG, Climate Change Risk, NGFS, DNB

    Related Articles

    EBA Finalizes Templates for One-Off Climate Risk Scenario Analysis

    The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.

    November 28, 2023 WebPage Regulatory News

    EBA Mulls Inclusion of Environmental & Social Risks to Pillar 1 Rules

    The European Banking Authority (EBA) recently published a report that recommends enhancements to the Pillar 1 framework, under the prudential rules, to capture environmental and social risks.

    October 31, 2023 WebPage Regulatory News

    BCBS Consults on Disclosure of Crypto-Asset Exposures of Banks

    As a follow on from its prudential standard on the treatment of crypto-asset exposures, the Basel Committee on Banking Supervision (BCBS) proposed disclosure requirements for crypto-asset exposures of banks.

    October 19, 2023 WebPage Regulatory News

    BCBS and EBA Publish Results of Basel III Monitoring Exercise

    The Basel Committee on Banking Supervision (BCBS) and the European Banking Authority (EBA) have published results of the Basel III monitoring exercise.

    October 18, 2023 WebPage Regulatory News

    PRA Updates Timeline for Final Basel III Rules, Issues Other Updates

    The Prudential Regulation Authority (PRA) recently issued a few regulatory updates for banks, with the updated Basel implementation timelines being the key among them.

    October 18, 2023 WebPage Regulatory News

    US Treasury Sets Out Principles for Net-Zero Financing

    The U.S. Department of the Treasury has recently set out the principles for net-zero financing and investment.

    October 17, 2023 WebPage Regulatory News

    EC Launches Survey on G7 Principles on Generative AI

    The European Commission (EC) launched a stakeholder survey on the draft International Guiding Principles for organizations developing advanced artificial intelligence (AI) systems.

    October 14, 2023 WebPage Regulatory News

    ISSB Sustainability Standards Expected to Become Global Baseline

    The finalization of the two sustainability disclosure standards—IFRS S1 and IFRS S2—is expected to be a significant step forward in the harmonization of sustainability disclosures worldwide.

    September 18, 2023 WebPage Regulatory News

    IOSCO, BIS, and FSB to Intensify Focus on Decentralized Finance

    Decentralized finance (DeFi) is expected to increase in prominence, finding traction in use cases such as lending, trading, and investing, without the intermediation of traditional financial institutions.

    September 18, 2023 WebPage Regulatory News

    BCBS Assesses NSFR and Large Exposures Rules in US

    The Basel Committee on Banking Supervision (BCBS) published reports that assessed the overall implementation of the net stable funding ratio (NSFR) and the large exposures rules in the U.S.

    September 14, 2023 WebPage Regulatory News
    RESULTS 1 - 10 OF 8938