Power of technology to connect people The second lesson is that there is power in leveraging on digital technology as a connector of people. In the red paperclip story, it cannot be denied that the values that were traded were not just in the objects themselves (They were, especially in the beginning, only ordinary objects and might even be considered junk by many).
The recommendations also encourage central bankers to lead by example in their own operations by integrating sustainability factors into own portfolio management. After publishing the recommendations, the work of NGFS has continued to be active. The NGFS’s work is divided into three different work streams, which are: Micro-prudential and supervision, Macro-financial, and Mainstreaming green finance.