The Swiss State Secretariat for Economic Affairs (SECO) has made a significant commitment to support the Natural Capital Declaration (NCD), the global finance-led initiative convened by the UN Environment Programme Finance Initiative (UNEP FI) and the Global Canopy Programme (GCP). SECO has allocated CHF 4.2 million (US$ 4.3 million) to support the NCD’s environmental risk management work programme to map natural capital risks across the portfolios of financial institutions and embed them in credit risk assessments.
Read the press release.