The Central Bank of Oman has joined the Network for Greening the Financial System (NGFS), joining a global coalition of central banks and supervisors focused on addressing climate-related and environmental risks in the financial sector. NGFS, launched in 2017 and now comprising more than 160 authorities, supports members through exchanges of experience, best practices and analytical work on green finance, reflecting the view that climate-related risks are a source of financial risk within supervisory mandates. The move aligns with Oman Vision 2040 and the Sultanate’s strategy for an orderly transition to a net-zero emissions plan, alongside the National Environmental Energy Policy. The central bank also pointed to its broader climate agenda, including a regulatory framework and roadmap to promote sustainable and green finance, phased disclosure requirements for financial institutions, and participation in global climate initiatives such as those led by the G20.
Central Bank of Oman 2025-06-22
Central Bank of Oman joins Network for Greening the Financial System to strengthen climate and environmental risk management
The Central Bank of Oman has joined the Network for Greening the Financial System, a coalition of over 160 central banks and supervisors addressing climate-related financial risks. This aligns with Oman Vision 2040 and the Sultanate’s net-zero emissions strategy. The bank is also advancing a regulatory framework for sustainable finance and participating in global climate initiatives.