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Memberships & standards

FORGE Group

The FORGE Group is a consortium of financial institutions that collaborate on projects to share best practice and effective methods with relation to sustainability. The FORGE Group members recognise that:

• There is now broad international scientific consensus that man-made emissions of greenhouse gases are contributing to climate change;
• The economic costs of inaction far outweigh the costs of action, and;
• To combat climate change effectively requires action on a global scale, and from all levels of society.

The FORGE Group members recognise that the sector has a role to play in the transition to a low carbon economy. In late 2006, the FORGE Group members elected to work together to further develop the financial services sector's response to climate change. This project, known as Forge V, included a workstream to develop a guidance framework on climate change risk mitigation for the sector. The primary objective of the Guidance Framework is to provide practical advice and tools to support financial services institutions with the task of embedding an effective response to climate change risk.

For more information please view the FORGE V Guidance framework.