On February 11, 2025 Acting Comptroller of the Currency Rodney Hood announced that the Office of the Comptroller of the Currency (OCC) has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). The NGFS is a group of central banks and supervisors that voluntarily work to address environmental and climate risk management in the financial sector. The OCC’s announcement added that “severe weather events may be a broader societal concern, [but] they do not fall within the OCC's statutory mandate. Going forward, the OCC's focus must singularly remain on fulfilling our core mission.”