Frank Elderson: "Let's dance"

Keynote speech by Mr Frank Elderson, Executive Director of Supervision of the Netherlands Bank, at the Global Capital Sustainable & Responsible Markets Forum 2018, Amsterdam, 4 September 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

I understand you have already had a very interesting morning. You have discussed a broad spectrum of climate-related topics. From the plastic polluting our oceans, to the nitty-gritty of the EU's sustainable finance taxonomy.

It is a great pleasure to join today's forum, which brings together market participants seeking solutions for greening their portfolios. But we are also here in a wider context, to support the Sustainable Development goals.

It is a pleasure to be here in my capacity as chair of the NGFS. I noticed in the program a very small mistake. I don't mean to be a nitpicker, but the acronym NGFS is explained there as 'The Network ON Greening the Financial system'. I would like to be very precise here and highlight that we do not just aspire to be a network that merely speaks about a green economy- Or shares opinions on this. We aim to provide added value, and to actively support the creation of green markets. More so, it is our ambition to facilitate that the entire financial system can become green. Therefore, a Network FOR greening the financial system.