Network for Greening the Financial System agrees new objectives and plans release of short-term climate scenarios after 2025 annual plenary

The Network for Greening the Financial System published an update from its 2025 Annual Plenary Meeting in New Delhi, reporting strong member backing for continued work to integrate climate-related financial risks into central banking and financial supervision and agreeing objectives for its next phase of work. Hosted by the Reserve Bank of India on March 11 and 12, the meeting brought together around 200 central bank and supervisory representatives from more than 60 countries. The programme focused on exchanging experience and discussing emerging issues, with the NGFS signalling continued emphasis on science-based analysis and practical tools for members and the broader financial community. The network highlighted forthcoming short-term climate scenarios, described as a new tool to assess near-term macro-financial impacts and bridge long-term transition analysis with immediate policy needs, and noted that it added 13 members over the past year, most recently the Bank of Botswana, Bank of Zambia and Central Bank of Lesotho. The NGFS indicated that the new short-term climate scenarios are to be released soon.