Progress Report on Bridging Data Gaps

May 26, 2021Written by Network for Greening the Financial System

This report from the Network for Greening the Financial System argues that central banks, supervisors and financial sector participants are impeded by a lack of quality and accessible climate-related data. It aims to lay the groundwork for a comprehensive assessment of where the gaps lie and how they can be bridged.

It calls for a rapid convergence towards a consistent set of disclosure standards, an accepted global taxonomy and the development of clear metrics and methodologies for climate-related and environmental risks.

Despite the need for better data, the report also says there is significant scope to leverage the data that already exists, and that central banks, supervisors and financial institutions must act urgently to manage climate-related risks and mobilise capital for green investments.

This page was last updated October 22, 2021

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