Law360: A group of hospitality and farming businesses have sued the National Farmers Union Mutual Insurance Society Ltd for around £10.5m to cover losses the companies allegedly suffered from closures during the coronavirus pandemic.

The Network for Greening the Financial System (NGFS) has published a Conceptual Framework to guide action by Central Banks and Supervisors and a second report outlining the trends and lessons learned from climate-related litigation. The Conceptual Framework demonstrates how the framework can be applied in practice and the climate-related litigation report includes cases concerning biodiversity loss, deforestation, ocean degradation, carbon sinks and plastic pollution and explores the relevance for central banks, supervisors and the financial system.

The Network for Greening the Financial System (NGFS) has published an input paper to support the G20 Sustainable Finance Working Group’s 2025 priority on scaling up adaptation finance for a just climate transition. The paper outlines a flexible framework for integrating adaptation and resilience into transition plans, structured around five pillars: governance, foundations, implementation strategy, engagement strategy, and metrics and targets. It presents a maturity model for developing adaptation metrics and targets, recognising the varying capacities and contexts of institutions. The paper highlights the growing relevance of physical climate risks and the need for transition plans to address both mitigation and adaptation. It also discusses implementation strategies, including risk avoidance, reduction, transfer, and investment in adaptation-related opportunities. The NGFS notes the importance of enabling environments—such as national adaptation plans, regulatory clarity, and public-private collaboration—particularly for emerging markets and developing economies. The paper is intended to inform ongoing work by financial institutions, policymakers, and supervisors in aligning transition planning with climate resilience objectives.

The Network for Greening the Financial System (NGFS) has published “an information note on improving greenhouse gas emissions (GHG) data”. Whereas the NGFS’ previous work (Final report on bridging data gaps) identified deficiencies in the availability, quality, and comparability of climate-related data, the new note reviews some of the difficulties of measurement, estimation and collection of greenhouse gas emissions data.

The Network for Greening the Financial System (NGFS) has published a report on emerging trends and lessons learned from climate-related litigation. The report covers examples of strategic nature-related litigation, interaction with legislation and governance and the relevance of nature-related litigation for the financial sector. NGFS has noted, in conclusion, that it anticipates a growth in the number of nature-related cases and has advised central banks, supervisors and financial institutions to closely monitor developments in this area.

The Network for Greening the Financial System (NGFS) has published the following three reports on transition plans: ‘Tailoring Transition Plans: Considerations for emerging market and developing economies’; ‘Connecting Transition Plans: Financial and non-financial firms’; and ‘Credible Transition Plans: The microprudential perspective’.

The Network for Greening the Financial System (NGFS) has published an updated edition of its guide on climate scenario analysis. The revised edition builds on the first version published in 2020 and reflects developments in climate scenario analysis over the past five years. It outlines current practices in scenario design, data and modelling used by central banks and financial supervisors to assess climate-related financial risks.

The Network for Greening the Financial System (NGFS) has published new tools and guidance to support the assessment and management of nature-related financial risks, aimed at helping central banks and supervisors strengthen financial system resilience.

The Network for Greening the Financial System (NGFS) has published its updated guide for supervisors on integrating climate and nature-related financial risks into prudential supervision of banks and insurers. The guide sets out five recommendations: (1) understand how physical and transition risks transmit to economies and financial sectors; (2) consider these risks within supervisory mandates and develop appropriate strategies and organisational arrangements; (3) assess institutions’ exposures and potential losses; (4) establish and monitor supervisory expectations and (5) take mitigating supervisory action where appropriate through prudential frameworks and tools. The updated guide gives greater attention to nature-related risks and the climate-nature nexus as well as transition planning, adaptation, disclosure frameworks, litigation risk, scenario analysis and stress testing. It adopts a progressive and proportionate approach, allowing supervisors to adapt its recommendations to their mandates, legal frameworks, resources and the materiality of the risks concerned.

The Network for Greening the Financial System (NGFS) has published the Cali-Baku Pledge to Enable Action. The Pledge was released on the occasion of the 2024 United Nations Biodiversity Conference and the United Nations Climate Change Conference, and identifies several initial use cases for policy makers and financial institutions to leverage the NGFS’s publicly available resources. With it, the NGFS's coalition of 141 central banks and financial supervisors and 21 observers strengthen their commitment to address and mitigate climate and nature related risks of the financial system.

The Network for Greening the Financial System (NGFS) has released a cover report and two technical documents on Sustainable and Responsible Investment (SRI) in central banks’ portfolio management. The cover report suggests ten recommendations for central banks to deepen their understanding of SRI policies and improve their SRI practices. The two technical documents provide deep dives into the ways central banks can consider climate in their non-monetary investments in corporates or in sovereign debt. Through these documents, the NGFS aims to help central banks operationalise climate-focused SRI strategies in the management of these portfolios, without prejudicing their primary mandates.

The Network for Greening the Financial System (NGFS) has updated its guide on climate-related disclosure for central banks, urging them to lead by example by disclosing their climate-related risks and opportunities. The new edition is organised around the four thematic areas identified by the Task Force on Climate-Related Financial Disclosures (TCFD): governance; strategy; risk management; and metrics and targets.