Nature-related risks include climate risks, of course, but they go far beyond. Hence, the NGFS has to widen its horizon as well and go far beyond climate. And it is impressive how much progress the NGFS has already made. At the same time, it was humbling to realize just how much more complex the issue is.
At first, there were no obvious answers to seemingly simple questions such as: Where do we even start? What do we want to measure? Which metrics could we use? Our task force has made great strides in building a common language and understanding for supervisors, central banks and the financial sector as a whole to use.