NGFS strengthens international cooperation to address climate and nature risks

The Network for Greening the Financial System (NGFS) held its Annual Plenary Meeting, hosted by the South African Reserve Bank, on 9^th and 10^th of March 2026, in Pretoria. The meeting brought together over 180 central banks and supervisory representatives from 76 countries.

In the face of increasing global climate and nature-related financial risks, the meeting set out strategic priorities for helping members develop practical solutions. Members agreed to focus on three strategic priorities for 2026 and 2027. The network will:

• Remain a technical incubator of new topics and innovative approaches
• Provide scenario expertise
• Build capacity and support practical implementation

The plenary held thematic discussions on key areas such as climate adaptation, incorporating nature risk into supervisory practices, the impact of climate on monetary policy and the next update of the short-term climate scenarios.

Demand for NGFS work has continued to grow, with membership reaching a record of 149 members across 92 countries as well as 24 observers as of March 2026. The NGFS is introducing regional groups to become more inclusive of its diverse membership.

Sabine Mauderer, Chair of the NGFS and First Deputy Governor of the Deutsche Bundesbank noted:

"As climate and nature-related risks intensify, their economic and financial consequences are becoming increasingly clear. Our discussions in Pretoria reaffirmed the strong commitment of NGFS members. Going forward, we will continue to enhance the impact and effectiveness of our work, firmly grounded in data and science.”

Fundi Tshazibana, Vice Chair of the NGFS and Deputy Governor of the South African Reserve Bank stated:

“At a time when central banks must manage a wide and evolving range of risks, this plenary provided an important opportunity for focused engagement on climate and nature‑related risks. While these risks are complex, they are not insurmountable. The discussions reinforced the value of collaboration and proactive engagement in strengthening collective efforts toward a more resilient and sustainable macroeconomic and financial system.”

The NGFS expresses its appreciation to all its Members and Observers for their participation, sharing insights and experiences. We also extend our appreciation to our hosts, the South African Reserve Bank, for their warm hospitality.

About the NGFS

The Network for Greening the Financial System (NGFS), launched at the Paris One Planet Summit on 12 December 2017, is a group of central banks and supervisors, which on a voluntary basis is willing to share best practices and contribute to the development of environment and climate risk management in the financial sector, and to mobilize mainstream finance to support the transition toward a sustainable economy. The NGFS brings together 147 central banks and supervisors and 23 observers. The NGFS Chair is Sabine Mauderer, First Deputy Governor of the Deutsche Bundesbank, and its Vice Chair is Fundi Tshazibana, Deputy Gouvernor of the South African Reserve Bank and CEO of the Prudential Authority. The Secretariat, headed by Yann Marin, is provided by Banque de France.

For more details, visit the NGFS website and Twitter account or contact the NGFS Secretariat at Banque de France sec.ngfs@banque-france.fr

Press Officer: Mark Deen  mark.deen@banque-france.fr