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Central banks face higher risk of monetary policy mistakes due to climate change, NGFS says
02 September 2024The increasing frequency and intensity of floods, earthquakes and heatwaves due to climate change is likely to make it harder for central banks to forecast inflation and productivity, thereby raising the risk of "mistakes", a group of central banks has suggested.
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COP29 organiser calls for early submission of biennial transparency reports
30 August 2024 -
ASEAN public sector 'critical' to energising local sustainable bond markets
30 August 2024Public sector issuers in Asia have a "significantly limited" presence in sustainable bond markets, but a think tank said sovereign and government-related bonds are "critical" to energising local sustainable bond issuance.
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Chinese stock exchange rules 'raise the bar' on tackling greenwashing
30 August 2024 -
Texas sued for anti-ESG bill which 'discriminates against financial companies'
30 August 2024 -
Transition plan rules 'should require disclosure of' expected climate impact
30 August 2024Regulatory frameworks for disclosure of climate transition plans should require companies to explain what impact they expect their plans to have on greenhouse gas emissions, ClarityAI has suggested.
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Transition plans can help dispel malaise in sustainable finance markets, ESMA says
29 August 2024More widespread publication of credible climate transition plans could drive "broader willingness to invest in transitioning firms", in the face of a drop-off in allocations to European sustainability-themed funds, according to the EU's securities markets regulator.
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Australia's prudential regulator to 'raise expectations' on climate risk management
29 August 2024 -
BaFin backs replacing SFDR Articles 8 and 9, defining transition investments
29 August 2024Germany's Federal Financial Supervisory Authority (BaFin) has backed the creation of three product designations to address investor misuse of the existing Articles 8 and 9 as labels in the EU Sustainable Finance Disclosure Regulation (SFDR).
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Scenario analysis, policy advocacy among biggest gaps in investor transition plans, Ceres finds
29 August 2024Only a handful of North America's largest investors use climate scenarios as part of strategic investment decision-making, and only about half provide information on their climate advocacy, according to a Ceres analysis of their transition plans.