Today, in my role as Chair of the FSB, I would like to focus on the two foundational components of the FSB roadmap: disclosures and data. Globally consistent, comparable, and reliable disclosures, as well as a broader set of high-quality, relevant data, together, can provide the basis to assess climate-related financial risks and the impact on financial stability.
But, it appreciates the fact that the market itself sought to define the guidelines to streamline market practice since no common standards have been recognized to date. In the context of this year’s convention theme, a market approach such as this can be seen as the industry’s way of broadening its horizon, with financial stability specifically in mind.