Archive

BoE's Breeden warns against 'paper decarbonisation'

There is a risk of a failed energy transition if financial institutions do not back up their transition plans with investment to decarbonise heavy-emitting activities, a senior Bank of England official has warned.

BoE climate test estimates potential £350bn loss

Lloyd's: Support don't cancel fossil fuels

The debate on fossil fuels is "too black and white" said Lloyd's chairman Bruce Carnegie Brown, who added investors should support the industry to change "rather than cancel" its investment in it.

Climate change 'the ultimate systemic risk,' says BoE

Climate change represents "the ultimate systemic risk ... [because] firms cannot diversify away from their exposure to the planet," a senior official at the Bank of England (BoE) has said.

People Moves 29 April, including BlackRock, Ninety One, Rathbone & more...

BoE begins second round of climate tests

The Bank of England has launched a "second round" of its landmark climate stress test exercise, to assess participants' proposed management actions in response to physical and transition climate risks across several scenarios.

Tokio Marine joins Net-Zero Insurance Alliance

Physical risks from warming a "prudential issue" for Asia's regulators, says Japan's FSA

Bank of England sets plan to tilt asset purchases toward green companies

The UK's central bank will this month begin prioritising bond issuers judged to be "stronger climate performers" via its £20 billion ($27 billion) corporate bond purchase scheme, in a landmark move that warns climate laggards will be hit with higher cost of capital.

Bank of England ready to 'green' £20bn bond purchase scheme

TCFD-based guidance targets overhaul of 'opaque' portfolio alignment models

Best practice guidance for the financial sector to assess future alignment of investment and lending with the goals of the Paris Agreement