be the most difficult. the taxonomy and standards need to be credible to prevent greenwashing, but inclusive enough to allow sustainable investment products to be developed. similarly, the company disclosure regime needs to be credible. but at the same time, it should not place an undue burden on companies. thus, with sustainable finance we constantly need to balance between different perspectives. we need to try to make sustainable finance inviting, but not at any cost. this is best exemplified in the discussion on promoting sustainability with the prudential framework. 1 / 3 bis central bankers'speeches we still have no idea to what extent the greenness of an investment correlates with the financial risks. and as we should preserve the prudential framework to insure against risks, we should figure out other ways for incentivizing sustainable investments. for financial institutions and supervisors, my advice is to take climate risks seriously. many already do, despite the difficulties with the data and methodologies, and especially in communicating the results of climate risk analysis. the ecb climate stress test coming in 2022 will further ensure that everyone starts thinking about climate risks. central banks and supervisors all around the world have joined forces in the network for greening the financial system, or ngfs for short. this network is, among other things, working to bridge the data gaps and build scenarios for the long - term forward - looking analysis required for climate risks. the results of this are available to all. i encourage you all to take a look at them and investigate if these can help you in your own efforts. helping the financial institutions in analysing their climate risks is not the only thing that central banks do. many central banks want to lead by example and are measuring the climate risks in their own portfolios, while embracing responsible investment policies. the ngfs is doing its part in identifying best practices and spreading them across all central banks. according to the latest ngfs survey, central banks mentioned “ reputational risks ” and “ to set a good example ” as their main motivations to adopt responsible investment practices. it is worth mentioning that the ngfs survey is a global, not a european survey, with 40 central banks in over five continents participating. i would also like to highlight the joint decision made by eurosystem central banks earlier this year to measure and disclose the climate - related risks of the euro - denominated non - monetary policy portfolios. non - monetary policy portfolios fall within eurosystem national central

to deliver ever more goods and services, ever faster, to ever more people. no. the true core of technology in the coming days shall be in its ethics. the ethics of technology means that, even at the point of conception, people and their welfare should be at the very heart. we often hear stories from silicon valley of applications that have been developed, whose effect is to perpetrate existing divisions and to push vulnerable people to the margins. even worse, some are designed with this explicit purpose. even here in kenya, we have seen such technological “ development ”. i need not tell you of the mobile loan apps which have served to impoverish people, especially young people like you. their developers are sitting pretty, raking in the money, with barely a care for the lives they have destroyed, and the families they have impoverished. thus my challenge to you — you must re - imagine technology. which technologies will you develop that have the greatest positive impact on the greatest number of people? how will you impact the landscape, from silicon savannah to silicon valley, to ensure that technology includes, rather than excludes? three months ago, the man who is undisputedly the african of the year 2019, and perhaps of the decade, eliud kipchoge, achieved something that no human being had ever done before. the whole world watched in admiration as he ran the marathon in less than two hours. you all know how much i admire kipchoge, and how i like using his philosophy to encourage us and impart lessons. so allow me that indulgence as i finish. i will make it quick, just like kipchoge. the first lesson is the simplest, yet most profound one. to paraphrase ; do not obsess over success. eliud says that what you need to do is prepare. prepare relentlessly. prepare correctly. he also says that you need to have discipline. to do the right things at the right time. do them even when the mood is not right, or when your energies are not at their highest. if you do these two things, success becomes automatic the second lesson from kipchoge, dear friends, is again a simple one. declare what you are going to do, and then do it. he said he was going to run a marathon in under two hours. he put on his shoes, and ran a marathon in under two hours. so that is my final, simple challenge to