The Sustainable Financial Regulations and Central Bank Activities (SUSREG) Tracker is an interactive online tool developed by WWF´s Greening Financial Regulation Initiative as part of a suite of tools to regularly assess how central banks, financial regulators and supervisors integrate climate, broader environmental and social considerations in their practices.
The graph below illustrates progress made on climate, environmental and social themes in central banking, banking supervision and insurance supervision activities between 2021 and 2024.
...mammals, birds, amphibians, reptiles and fish monitored since 1970, according to WWF’s 2022 Living Planet Report
Between 1997 and 2011, due to land-cover change and land degradation worldwide, according to a 2019 OECD study.
1.2 billion people face the risk of being displaced by 2050 due to the consequences of climate change and other environmental threats.
Reported to CDP by the 215 biggest global companies, with climate impacts likely to hit within the next 5 years.
According to Munich Re, 2017 was the costliest year ever in terms of global weather disasters. Only US$130 billion of these costs were insured.
These companies are calling for stronger policies to hold global temperature rise to within 1.5°C, in line with reaching net-zero emissions well before 2050. The initial group of 155 signatories represented a US$ 2.4T market capitalisation.
Reported to CDP by the 215 biggest global companies, e.g. through demand for low emissions products and services (such as electric vehicles) and shifting consumer preferences.
The Leaders’ Pledge for Nature was signed at the UN Summit on Biodiversity in September 2020. It is endorsed by Heads of State and Government from 96 countries and the European Union, representing over 2 billion people and 39% of global GDP.
Alongside governments, central banks, financial regulators and supervisors are uniquely positioned to interfere in the lending and investment practices of financial institutions and disclosure practices. They can do this in various ways, from setting expectations, governance and risk management processes, mandating scenario analysis that quantify exposure to climate-related risks, to imposing specific disclosure requirements or setting differentiated capital requirements, to name a few.
They also play an important advocacy role, as they are becoming increasingly aware that climate change and nature loss are financial risks that can affect the entire financial system if not properly addressed.
While the specific mandates of central banks and financial regulators may vary across countries, key responsibilities usually include controlling inflation and money supply, ensuring financial stability and the safety and soundness of financial institutions. To do so, they can leverage on a wide range of tools and measures already available, from monetary policy to macroprudential and microprudential supervision.
WWF´s Greening Financial Regulation Initiative (GFRi) directly engages with policy makers, central banks and financial supervisors on the urgent need to fully integrate climate, environmental, and social risks into mandates and operations, mainly through financial regulations and their supervision, as well as monetary policies. We help provide the necessary tools, scientific research, assessments, training and assistance to enhance the ambitions of the financial sector on the sustainable financial policy agenda. Contact: gfr@wwf.ch
By setting risk management rules and influencing financial markets with monetary policy operations, financial institutions have a unique opportunity to assess and mitigate risks to financial stability, and to redirect financial flows at a global scale.
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