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Basel Committee publishes voluntary climate risk disclosure framework

The influential Basel Committee on Banking Supervision (BCBS) has published a voluntary framework for disclosure of climate-related financial risks by banks rather than integrating it into Pillar 3 requirements as initially intended.

Cautious optimism as banking regulators hold firm on climate risk work

The outcome of a meeting of the global banking regulators on the Basel Committee was "not as bad as it could have been" with regard to their climate-related financial risk activities, but there remains uncertainty about the future of some of its significant projects.

Green bonds 'reliable signal' of 'significant' emissions reduction

Green bonds have become a "good indicator" of reduced corporate carbon emissions - especially for firms in carbon-intensive sectors or who were heavy emitters, according to research by the Bank for International Settlements (BIS).

BIS and MAS develop 'blueprint' for regulators' climate data platform

The Bank for International Settlements (BIS) and Monetary Authority of Singapore (MAS) have developed a 'blueprint' for a proposed climate data platform they said could help financial regulators understand emerging climate-related risks.

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...