Without early action, the UK’s largest banks and insurers would suffer climate-related losses worth US$418 billion by 2050.
New reports shed light on how climate risks are taken into account by financial institutions and affect credit ratings.
Consistent, comparable and reliable data and products dependent on disclosure standards and harmonised taxonomies.
Physical and transition risks linked to biodiversity loss will be harder for the financial industry to assess than for climate change, according...
Central bank aims to provide financial support for renewable energy sources.
Seven Russian banks will likely be cut off from SWIFT; Japan will freeze Russia’s yen reserves; Korea will suspend transactions with seven...
Third BIS green bond fund to channel central bank reserves to green projects in the Asia and Pacific region.
Lending to activities considered sustainable and environment-friendly will qualify FIs for incentives, such as preferential rediscount rates.
Once approved by the European Commission, EU banks will have to start making climate disclosures in 2023, with full phase-in by June...
ESG Investor’s weekly round-up of new hires in the sustainable investing sector, including Franklin Templeton, Ninety One, Robeco, Mirova, Adam Street Partners,...
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