How central banks and supervisors can start acting on nature-related risks.

The financial sector has a large, mostly negative impact, as well as a large dependency on nature. This poses considerable risks to financial institutions and the system as a whole. Urgent action is needed to halt nature degradation. Central banks and supervisors are increasingly aware of this but effective actions to manage and limit nature-related risks and impacts are emerging too slow. This report identifies the first steps that central banks and supervisors can now already take, as well as an agenda for the coming years that allows them to effectively limit and prepare for nature-related risks.