The Bank of England has written an open letter as a call-to-action to the financial community to intervene on climate change. The letter outlines the likelihood that companies and industries that do not adapt will cease to exist.
![Finance by Madison Kaminski](https://www.thefuturescentre.org/wp-content/uploads/2019/04/madison-kaminski-508378-unsplash-1140x500.jpg)
The Network for Greening the Financial System (NGFS) was put in place in 2017 to tackle this issue. This first report highlights four actions to ensure transition to a low-carbon economy. The details of these actions can be read here.