About us

In January 2018, Network held its inaugural meeting and appointed Mr Frank Elderson, member of the Governing Board of De Nederlandsche Bank as Chair of the Network. Banque de France serves as the Secretariat of the Network.

In order to achieve its work program, the NGFS has structured its work into three dedicated workstreams: Supervision (WS1- chaired by Ma Jun from the People’s Bank of China), Macrofinancial (WS2- chaired by Sarah Breeden from the Bank of England) and Mainstreaming green finance (WS3- chaired by Sabine Mauderer from the Deutsche Bundesbank).

NGFS current composition

As of July 16th 2019, the NGFS consists of 42 Members and 8 Observers.

The Members are the following: Abu Dhabi Financial Services Regulatory Authority, Banca d’Italia, Banco de España, Banco de México, Banco de Portugal, Bank Al Maghrib, Bank of Canada, Bank of England, Bank of Finland, Bank of Greece, Bank Negara Malaysia (Central Bank of Malaysia), Bank of Thailand, Banque centrale du Luxembourg, Banque de France / Autorité de Contrôle Prudentiel et de Résolution (ACPR), Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Central Bank of Hungary, Central Bank of Ireland, Central Bank of Malta, Commission de Surveillance du Secteur Financier (Luxembourg), Danmarks Nationalbank, De Nederlandsche Bank, Deutsche Bundesbank, Dubai Financial Services Authority, European Banking Authority, European Central Bank, European Insurance and Occupational Pensions Authority (EIOPA), Finansinspektionen (Swedish FSA), Finanstilsynet (Norwegian FSA), Hong Kong Monetary Authority, Japan FSA, Monetary Authority of Singapore, National Bank of Belgium, Norges Bank, Oesterreichische Nationalbank, People’s Bank of China, Reserve Bank of Australia, Reserve Bank of New Zealand, South African Reserve Bank, Superintendencia Financiera De Colombia, Sveriges Riksbank, Swiss Financial Market Supervisory Authority (FINMA) and Swiss National Bank.

8 institutions have joined the NGFS as observers: the Bank for International Settlement, the Basel Committee on Banking Supervision, the European Bank for Reconstruction and Development, the European Investment Bank, the  International Association of Insurance Supervisors, the Organisation for Economic Cooperation and Development, the Sustainable Insurance Forum, the World Bank and the International Finance Corporation.

Information on application for membership

Adhering to the NGFS reflects a political commitment from an institution and also implies the will and capacity to actively contribute to the work. For that reason, any supervisory authority or central bank committed to actively contribute to the objectives and work of the NGFS is eligible to be a NGFS member, as provided by article 2 of the NGFS Charter (see “Governance”). The NGFS Membership aims to  achieve a diverse representation of institutions in terms of geographic areas as well as between developed and emerging countries.

International or regional financial institutions and international or regional standard setting, regulatory, supervisory and central bank bodies which have demonstrated a proven commitment in sustainable finance are eligible to be NGFS observers (art. 5 of the Charter).

Eligible institutions apply for joining the NGFS in compliance with the following procedure under article 3 of the Charter:

• The submission of an official request from the Governor or Head of Supervision for Membership application or board-level official for observers to the NGFS Chair, copy the Secretariat. This request describes the motivations for joining the NGFS as well some examples of proven commitments as set out in article 2 of this Charter and the areas of interest in which the institution specifically wants to contribute.
• The Secretariat thereafter submits the application request by written procedure or at a physical meeting to the approval by consensus of the NGFS Members’ jurisdictions.
• Once approved, the new Member will be asked to appoint its representatives in the relevant NGFS Workstreams.