The Network for Greening the Financial System (NGFS) reiterates that climate-related and environmental disclosures are an important element in the transition to a net-zero economy. Disclosure of climate-related and environmental risks and opportunities is instrumental to ensure a better management of these forces and to scale up green finance. Broad and internationally consistent disclosure is a key component in the collective efforts to improve the resilience of the financial system.

This report is a first “how-to” guide for central banks on producing their own climate-related disclosures. The guide takes, as its starting point, the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD). The focus of the guide is on climate-related financial exposures. Exposures related to internal physical operations are also considered throughout the guide. The principles proposed may furthermore be relevant for disclosures of environmental exposures.

Download the report here