Together with over 50 organisations, SFL issued a joint statement to global financial system regulators and supervisors

SFL, together with over 50 organisations around the world, have issued a joint statement to global financial system regulators and supervisors. It marks the ten-year anniversary of Mark Carney’s landmark “Tragedy of the Horizon” speech.

Delivered in 2015 while Carney was Governor of the Bank of England, the speech warned that climate change posed an existential threat to financial stability. It spurred regulators, central banks, and policymakers into action — at least in theory.

The  statement argues that voluntary climate risk disclosures have fallen short, and that regulatory intervention is now urgently needed. Financial systems must ensure that climate risks are properly priced into high-emissions activities and that climate solutions receive the incentives they deserve to support environmental and economic stability.

See also this article on Banken.nl.