and cryptocurrencies. climate change is a global issue, thus policies aimed at addressing its consequences should also be global and coordinated. since 2017, central banks and supervisors have collaborated in the network for greening the financial system, the ngfs, an international coalition aimed at strengthening the management of climate and environmental risks and at mobilizing capital for green and low - carbon investments. currently, the network counts almost 100 members worldwide, supervising all global systemically important banks and two thirds of global systemically important insurers. the network has published a select set of guidelines based on the best practices and experiences shared by the members and on analytical work on green finance. in particular, p. cipollone, “ tips ( target instant payment settlement ) - the new eurosystem market infrastructure service : banca d ’ italia as service provider and manager of the business relationships with the financial community ”, welcoming remarks, tips webinar bank of italy, 12 - 13 july 2021 ; financial stability board, “ assessment of risks to financial stability from crypto - assets, report ”, 14 february 2022. it has worked on climate scenarios supporting forward - looking risk assessment in a comparable way across different jurisdictions. the role of the financial sector the financial sector, given its pivotal role in capital allocation, can be key in influencing the transition to a low - emissions economy. therefore, banks and other financial intermediaries should include sustainability in their investment decision - making processes, favouring a forward - looking approach in which sustainability risks and opportunities are fully priced. the persistent uncertainty created by the pandemic has not diverted the attention of investors away from sustainability issues. sustainable investment flows increased significantly with the outbreak of the pandemic and the pace of growth remained high throughout 2021. sustainable finance bonds issued in 2021 amounted to more than usd 1. 6 billion, pushing total issues to usd 4 trillion. 9 sustainable investments also increased in the equity sector ; new flows in 2021 reached over usd 550 billion, bringing the assets managed according to sustainability strategies to a total of approximately usd 2, 740 billion. 10 investment strategies against climate change : net - zero strategies and thematic portfolios while governments are making more ambitious commitments in accordance with the paris agreement, companies and institutional investors also increased their efforts to achieve carbon neutrality by 2050, pledging new targets. companies aim to reduce greenhouse gases emissions by setting transition plans that redesign their processes and products and deal with potential stranded assets. asset managers, asset owners and

transfer system known as the solats, which is a real time gross settlement ( rtgs ) payment system. you may have recently experienced that payment transfers are now instant. cbsi aims to ensure every resident of solomon islands is finally able to access the financial services they require and deserve at their finger - tips. we will also redouble our efforts to improve access to credit, the lifeblood of investment. this is of vital importance for our smes – the backbone of our economy – and our new start - ups, our disruptors and innovators, who often require special care and incubation in the earliest stages of operation. ladies and gentlemen, all these things cannot be done without the ceasing effort of everyone. it needs the support of all stakeholders, including the government, the private sector, non - state actors, ngos, development partners, and all individuals. we all have a role to play in this. cbsi operations let me now close by briefly reflecting on the bank's operations last year. the bank recorded a net operating profit of $ 199. 4 million, reversing the $ 12. 8 million loss incurred in 2022. of the total profit, $ 129 million is in the form of unrealized revaluation gains and $ 70 million is operational profit. overall, cbsi's net equity position improved significantly, rising by 64 % to $ 531 million. total assets stood at $ 6. 60 billion at the end of 2023, the majority ( 90 % ) are foreign reserves, which we aim to maintain at a comfortable level to support the country's international trading and transaction requirements. in terms of governance, the bank was able to leverage the oversight and expertise of its full nine - member board of directors. last year, the board endorsed the bank's strategic plan 2024 - 2027, which charts cbsi's direction for the next four years ; in it, we aligned our shared vision of cbsi as " a modern central bank empowering development of solomon islands " with the key mandates stipulated in the cbsi act. the bank currently has a dedicated workforce of 165 staff, up from 148 in 2022. we strive to be an equal - opportunities employer, with females comprising 41 percent of the workforce. we also continued to actively encourage capacity - development and 7 / 8 bis - central bankers'speeches wellbeing programmes for our staff, with the goal of enhancing skills, enriching knowledge,