Biodiversity and Financial Stability: action by central banks and supervisors
This event brings together a high-profile panel of international central banks and supervisors to discuss the implications of biodiversity loss for their operations and next steps. The findings of the report of the Joint NGFS-INSPIRE Study Group on Biodiversity and Financial Stability will be presented, followed by a panel discussion.
The report investigates and strengthens the case for action to enable central banks and supervisors to not only understand the issues the planet is facing due to the unparalleled loss of biodiversity, but also to define the actions that must be taken within existing mandates in the collective effort to address this vital challenge. The report sets out how financial risks stemming from biodiversity loss can have implications for financial stability and therefore the core objectives and policy frameworks of central banks and supervisors. The decline of ecosystem services as a result of biodiversity loss poses physical risks for economic and financial actors that depend upon those services.
Ma Jun is an Economist of the People’s Bank of China and currently the Chairman of the Green Finance Committee, China Society for Finance and Banking, President of Institute of Finance and Sustainability, Co-Chairman of the G20 Sustainable Finance Study Group, and the former member of the Monetary Policy Committee of the People’s Bank of China.
Otávio Damaso is Deputy Governor for Regulation of the Banco Central do Brasil. He previously served as Chief of Staff to the Governor of the BCB and as Deputy Secretary for Economic Policy at the Ministry of Finance.
Frank Elderson (@FrankElderson
) is a member of the Executive Board of the European Central Bank. He also oversees the ECB’s Legal Services and is Vice-Chair of the ECB’s Supervisory Board. He co-chairs the Task Force on Climate-related Financial Risks of the Basel Committee on Banking Supervision.
Sylvie Goulard (@GoulardSylvie
) was appointed second deputy governor of the Banque de France by the Council of Ministers on 17 January 2018 and has carried out most of her career in European institutions.
Nick Robins (@NVJRobins1
), Professor in Practice, joined the Grantham Research Institute in February 2018 as Professor in Practice for Sustainable Finance. Nick leads the sustainable finance research theme. The focus of his work is on how to mobilise finance for climate action in ways that support a just transition.
More about this event
The Grantham Research Institute on Climate Change and the Environment (@GRI_LSE
) was established by the London School of Economics and Political Science in 2008 to create a world-leading centre for policy-relevant research and training on climate change and the environment, bringing together international expertise on economics, finance, geography, the environment, international development and political economy.
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 financial supervisors, which on a voluntary basis are willing to share best practices and contribute to the development of environment and climate risk management in the financial sector, and to mobilise mainstream finance to support the transition towards a sustainable economy.
The International Network for Sustainable Financial Policy Insights, Research, and Exchange (INSPIRE) is an independent research network built to support the central banks and financial supervisors of the NGFS in its work to manage climate and environmental risks and mobilise finance to support the transition to a sustainable economy. The INSPIRE secretariat is co- hosted by the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science and the ClimateWorks Foundation.
Twitter Hashtag for this event: #LSEBiodiversity
How to join
This online public event is free and open to all but pre-registration is required.
For any queries email email@example.com.