SRB joins Network for Greening the Financial System

The SRB has joined the Network for Greening the Financial System (NGFS) as an observer, as part of its development of a responsible investment framework for the Single Resolution Fund.

“The SRB is keen to contribute to the European Union’s policies for mitigating climate change. Joining this network will allow us to contribute to the development of environmental and climate risk management in the financial sector, as well as to ensure that the SRF continues to invest responsibly,” said SRB Chair Dominique Laboureix.

The NGFS is a global network of 127 central banks and financial supervisors that aims to accelerate the scaling up of green finance and develop recommendations for central banks' and public investors’ role for climate change. The move will allow the SRB to acknowledge best practices and anticipate upcoming developments in the area.