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From mission to supervision: putting sustainable prosperity on the agenda of the Dutch Central Bank

Frank Elderson, Member of the Governing Board of De Nederlandsche Bank and Chair of the Central Banks and Supervisors Network for Greening the Financial System (NGFS)

The mission of De Nederlandsche Bank (DNB) is to safeguard and contribute to sustainable prosperity in the Netherlands. Consequently, it sits within our mandate to incorporate sustainability into our supervisory practices. This means we expect financial institutions to have a more forward-looking approach on how relevant long-term risks can affect current businesses. It might come as a surprise to some that central bankers and supervisors are concerned about sustainability. In this post for the Sustainable Finance Leadership Series I describe how sustainability became part of our agenda and how central banks are now cooperating on sustainable finance, and I call on other supervisors to join our mission: global challenges can only be solved by working in close cooperation.

Read the entire article here.

Courtesy of The London School of Economics and Political Science.

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