The ISSB aims to move "from the currently fragmented ESG disclosure landscape, that lacks connectivity and has conflicting concepts, to a truly global common language of sustainability-related financial disclosures, by clearly articulating the relationship between sustainability matters and financial value creation."
For its part, the Network for Greening the Financial System (NGFS), a network of which Banco de México is a founding member and a permanent member of the Steering Committee, has been leading in the development of climate scenarios and, most recently, biodiversity scenarios. Numerous financial authorities and financial institutions are considering the NGFS scenarios and models.