On 11 November 2025, the Network for Greening the Financial System (NGFS) published an updated version of its Guide on Climate Scenario Analysis.

The Guide serves as a practical reference for authorities and financial institutions aiming to integrate climate scenario analysis into their risk management frameworks and decision-making processes. A key addition is the emphasis on short-term scenarios, which are gaining importance for evaluating near-term financial risks arising from climate change and evolving climate policy measures