Central banks must take coordinated ESG action: WWF
Central banks and financial supervisors are failing to integrate risks from nature loss, which may undercut a sustainable financial system, according to the World Wide Fund for Nature.
The World Wide Fund for Nature (WWF) is urging Asian central banks and other financial regulators to take coordinated action to mitigate the risks to biodiversity arising from investment decisions, in particular by promoting more transparent disclosure of data linked to these risks.
Biodiversity loss poses risks to a broad range of economic activities because of the resulting reduction in the quantity and quality of nature, including land, water and forest. Sectors it affects incl…
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