NGFS Unveils Dual Reports on Nature-Related Financial Risks and Litigation

The Network for Greening the Financial System (NGFS) has released two key reports on nature-related financial risks, urging central banks and financial supervisors to incorporate these risks into their frameworks. The first report finalizes a Conceptual Framework for Nature-Related Financial Risks, which provides a standardized approach for addressing such risks, illustrated through case studies on forest and freshwater ecosystems. The second report focuses on the rise of nature-related litigation, drawing parallels with climate-related legal actions and highlighting the growing relevance of these issues for the financial system. NGFS leaders emphasize the importance of these developments for enhancing financial stability amid environmental challenges. Resources: https://esgnews.com/ngfs-unveils-dual-reports-on-nature-related-financial-risks-and-litigation/