1 May 2021
Supervisory disclosure document

Progress report on bridging data gaps

Reliable and comparable climate-related data are crucial for financial institutions (including central banks and supervisors), investors and policymakers to assess financial stability risks, properly price and manage climate-related risks, and take advantage of the opportunities arising from the transition to a low-carbon economy.

The Network for Greening the Financial System (NGFS) set up the Workstream on bridging the data gaps (WS BDG) in July 2020 to identify climate-related data needs and data gaps and to propose policy recommendations to bridge such gaps.

This Progress report forms part of the first phase of the Workstream’s work programme and, in setting out the issues that need to be considered going forward, lays the groundwork for a comprehensive assessment of climate-related data needs and gaps.