Supervisory disclosure document

NGFS Occasional Paper – Biodiversity and financial stability: exploring the case for action

The NGFS and the International Network for Sustainable Financial Policy Insights, Research, and Exchange (INSPIRE) have established a Joint NGFS-INSPIRE Study Group on Biodiversity and Financial Stability, with the aim to understand the potential implications of biodiversity loss for financial stability, with a potential initial focus (to be confirmed) on land-use change and deforestation. The goal of the Study Group is to establish an evidence-based approach to how central banks and supervisory authorities may need to consider biodiversity loss in the context of their mandates.