Advancing forward-looking data to achieve net zero
Companies are increasingly being encouraged by market participants to disclose projected information on their environmental, social and governance financing and transition plans. The significance of forward-looking data therefore cannot be underestimated. Institutions must move beyond historical data towards forward-looking data and projections to achieve disclosure requirements, understand transition and physical risks associated with climate, implement transition targets, and thereby achieve net zero. This roundtable, beginning with a presentation from Marcus Molbak Ingholt, co-chair of the latest NGFS workstream on climate-related disclosure guidelines for central banks, will provide an opportunity for participants to discuss, in an off-the-record format, the latest developments and challenges surrounding disclosure, data and the path forward.
Ángel Estrada, Director General of Financial Stability, Regulation and Resolution, Banco de España
Marcus Mølbak Ingholt, Lead Climate Economist, Danmarks Nationalbank
Theodora Antonakaki, Director, Climate Change and Sustainability Centre, Bank of Greece
09:00-10:15 (New York)
This meeting will be conducted under the OMFIF Rules.
This virtual discussion is part of the OMFIF Sustainable Policy Institute. The SPI is a high level community which brings together central banks, sovereign funds, public pension funds, and their counterparts in asset management, banking and professional services to explore policy, regulatory and investment challenges posed by environmental, social and governance themes. See more information on OMFIF’s SPI here.
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The Sustainable Finance Policy Tracker provides a comprehensive overview of different countries’ approaches to mitigating climate risks in the financial sector.
Covering 22 countries and jurisdictions, the tracker presents information on 14 areas that include regulatory and supervisory measures, climate stress testing activity, net zero strategies, green bond issuance and disclosure requirements.