The Network for Greening the Financial System has published its 2026-2027 strategy, titled From Principles to Practice, setting out how it plans to make its work on climate and nature-related financial risks more operational for members and the wider financial community. The strategy is framed around a single objective of increasing the effectiveness and impact of NGFS work as climate-related damages rise and transition pathways weaken or diverge across jurisdictions. The strategy is built on three priorities. First, the NGFS will continue to act as a technical incubator for innovative work on climate and nature-related risks, with a particular focus on physical risks, adaptation and nature-related risks. Second, it will strengthen its role as a center of expertise on climate scenarios by enhancing both long-term and short-term scenarios and supporting their practical use. Third, it will build capacity and support implementation so members can translate technical outputs into operational tools. In setting the context for the strategy, the NGFS noted that annual global direct damages from weather disasters have more than doubled since the early 2000s and exceeded USD 200 billion in 2025.