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.
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
The 'zero' challenge: offsetting
Despite the weaknesses of carbon offsets, they remain a necessary tool for some investors as they plan for net zero emissions, write Chris Varco and Simon Hallett