Banking regulatory body consults on requiring disclosure of financed and facilitated emissions
The Basel Committee on Banking Supervision (BCBS) has requested feedback on proposals to require banks to disclose greenhouse gas (GHG) emissions linked to the financing they provide as well as underwriting and advisory activities.
EF revamps its Environmental Market Rankings
In response to market feedback, Environmental Finance is pleased to announce its Annual Market Rankings will now be renamed the Environmental Market Rankings.
Exclusionary strategies could spark 7% drop in stock prices of 'brown' firms, BIS report says
The exclusion of high-emitting 'brown' firms by sustainability-minded investors could lead to a 7.1% drop in stock prices of these firms over 10 years, according to a modelling exercise by academics.
Stress test US derivatives markets on climate, regulator recommends
The regulator of the US derivatives markets should stress test the resilience of financial institutions to potential physical impacts of climate change, according to a commissioner at the Commodity Futures Trading Commission (CFTC).
Fitch: ISSB is 'catalyst for every Chinese firm' on sustainability reporting
The development of the International Sustainability Standards Board (ISSB) disclosure guidelines are a "very important signal" to Chinese firms to improve sustainability reporting if they want to secure greater access to international capital, according to Sustainable Fitch.
US sustainable bond issuance growth stutters in 2023
US issuers are increasingly stepping back from sustainable bonds in 2023 as issuance falls further behind market-leader Europe.
Sneak peek: The CBI's resilience taxonomy blueprint
The Climate Bonds Initiative's blueprint is intended to provide a practical tool for financial markets to intensify their focus on adaptation and resilience investments, writes Ahren Lester
ESG-dilutive acquisitions becoming a 'deal-breaker'
M&A deals are no longer just about earnings per share, Trisha Taneja tells Ahren Lester
Riksbank warns of financial stability risks from 2.8°C-aligned funds
The holdings in 122 listed equities mutual funds in Sweden are, on average, aligned with a temperature increase of 2.77°C, according to analysis by the country's central bank.
NY Fed: US bank transition risk exposure 'meaningful, but manageable'
Research by the New York Federal Reserve said that US banks have a "meaningful" but "not very large" exposure to climate transition risk in their loan portfolios, with even the most severe scenarios impacting no more than 16% of their loan books.