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BIS says its AI tool 'is game changer for green finance' ... but beware the hallucinations

A tool that uses artificial intelligence (AI) to analyse corporate climate reports has been hailed as a "game changer for green finance", because of its ability to automate the rapid extraction of data.

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.

Banking supervisors to be pushed to consider climate under BIS standards

Bank lending to emissions-intensive Japanese firms declined, BIS paper says

Crack down on ESG 'ratings shopping', says BIS

Regulators should consider introducing measures to limit sustainability ratings providers' ability to justify "lenient" assessments of companies and financial institutions,...

Basel Committee provides climate risk guidance for capital requirements

The Basel Committee on Banking Supervision (BCBS) has published guidance for banks intended to provide a "globally consistent" interpretation of how to integrate climate-related financial risk...

Basel Committee publishes final climate-risk principles

The Basel Committee on Banking Supervision (BCBS) has published its final set of climate-related financial risk principles for regulators,...

Basel Committee to publish final climate risk principles

The Basel Committee on Banking Supervision (BCBS) will publish its final set of climate-related financial risk principles for regulators in the "coming weeks" following its consultation.

BIS launches Asian green bond fund

The Bank for International Settlements (BIS) has launched an Asian green bond fund for central banks, taking its total green bond fund assets under management to $3.5 billion.

BIS warns against lower capital requirements for green assets

Regulators have been warned against lowering capital requirements for 'green' assets, which would be counterproductive and could even lead to a "green bubble", in a note from the Bank for International Settlements (BIS).