Official account of the Financial Stability Board.Promoting global financial stability through strong financial sector policies…
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- **Climate-related Financial Disclosures**: The FSB's work on climate-related financial disclosures through the Task Force on Climate-related Financial Disclosures (TCFD) and the International Sustainability Standards Board (ISSB) helps in assessing and managing climate-related financial risks. This contributes significantly to global financial stability and supports the transition to a more sustainable economy, which is crucial for societal well-being and environmental protection[2][4].
- **Financial Stability and Risk Management**: The FSB's efforts in assessing and mitigating financial vulnerabilities, including those related to climate change, help in maintaining stable financial systems. This stability is essential for economic growth, employment, and overall societal stability[2][5].
- **Support for SMEs and Emerging Markets**: The FSB's initiatives to support small- and medium-sized enterprises (SMEs) and companies in emerging markets in adopting sustainability standards promote inclusive economic growth and development, which are vital for community well-being[4].
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