This Final Report provides the conclusions of the NGFS-INSPIRE Study Group on Biodiversity and Financial Stability on the scale of the threats from 'biodiversity-related risk' to the global financial system, reviews the actions that central banks, supervisors and other financial actors are already taking in response, identifies policy options for evaluating and mitigating financial risks arising from biodiversity loss and makes recommendations for near-term action. Read more
Malawi depends on Lake Malawi outflows into the Shire River for its water, energy and food (WEF) security. The authors of this paper explore future WEF security risks under the combined impacts of climate change and ambitious development pathways for water use expansion. Read more
Roberta Pierfederici explains why new climate scenarios are a crucial step forward for informing central banks’ and supervisors’ response to climate risk, but recommends improvements for the methodological framework. Read more
This is a response to the Bank of England's discussion paper, 'The 2021 biennial exploratory scenario on the financial risks from climate change'. The response has been prepared by authors from the Grantham Research Institute on Climate Change and the Environment at LSE, the Grantham Institute – Climate Change and the Environment at Imperial College London, and the University of Edinburgh Business School. Read more
Extending climate risk disclosure to customers could yield a range of benefits for insurers, customers and the climate, but the industry will need to deepen the relationships that it holds with customers in order to achieve this, write Swenja Surminski and Sam Unsworth in this post for the Sustainable Finance Leadership series. Read more
As recognition grows rapidly among central banks of the need for routine consideration of climate change risks, robust research is required to guide and underpin their actions. Nick Robins and Matthias Täger introduce a new global research network designed to build these foundations. Read more
