Archive

People moves, 4 June: NGFS, BoE, SEB, Redington ... and more

Despres steps down from NGFS role

Biodiversity briefing afternoon round up

The event was opened by Banque de France's Alexandre Gautier, who called for central banks and investors not to wait for "more information" before acting on the biodiversity impact of investment portfolios.

Banque de France: Lack of data no reason not to act on biodiversity

Banque de France creates climate change centre, assesses biodiversity impact

The French central bank has launched a climate change centre and conducted a study for the first time of the biodiversity impact of its investment portfolios, according to its latest annual responsible investment report.

ECB should tilt assets and collateral according to climate risk, says Villeroy de Galhau

The Banque de France (BdF) governor said that the European Central Bank (ECB) and other central banks should reduce exposure to climate risk through their asset purchase and collateral policies through valuation adjustments and "tilts"

19 EU central banks adopt common sustainable investment principles

French central bank tightens fossil fuel exclusions for €22bn portfolio

The Banque de France (BdF) has tightened the fossil fuel company exclusions applied to its own investment portfolio worth €22 billion ($27 billion), but campaigners called on the bank to "apply the same level of ambition to the immediate decarbonization of the European Central Bank's (ECB) monetary policy".

Mandatory climate disclosure in France drove down fossil fuel holdings

The introduction of mandatory climate-related disclosures in France resulted in a "sharp relative decrease" in holdings of fossil fuels securities by institutional investors, according to a report by the Banque de France, indicating such requirements have a critical role to play in redirecting capital sustainably.

Only a matter of time' before TCFD becomes mandatory in UK, says BofE

Bank of England (BofE) markets executive director Andrew Hauser said you can "reasonably expect" adoption of recommendations outlined by the Task Force on Climate-related Financial Disclosures (TCFD) to become mandatory in the UK.