RBI commits to support financial system greening

Mumbai: The Reserve Bank of India (RBI) recently published its ‘Statement of Commitment to Support Greening India’s Financial System - NGFS.

In the Statement RBI said that, to benefit from the membership of NGFS by learning from and contributing to global efforts on Green Finance, RBI joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as a Member on April



23, 2021.

In this regard, on the occasion of the 2021 United Nations Climate Change Conference (COP26), NGFS has reiterated its willingness to contribute to the global response required to meet the objectives of the Paris Agreement, and, to that end, NGFS will expand and strengthen the collective efforts towards greening the financial system.