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NGFS warns of inflationary impact of climate policy missteps

Central bankers have been warned that increased action by policymakers to limit climate change risks feeding inflation, if it is not "credible" and clearly signposted, according to the Network for Greening the Financial System (NGFS).

Ocean impact fund universe swells to €2bn

The universe of impact investors exclusively targeting 'ocean' themes has grown to more than €2 billion in assets, Environmental Finance understands, but concerns remain that the theme is drastically underfunded.

Zurich to drop oil and gas producers lacking credible transition plans by 2030

Zurich has unveiled its 2024 climate transition plan that sets interim targets and the strategy to achieve net-zero by 2050 across its insurance business, investments and operations.

Trio of reports to set out importance of policy reform to spur climate finance

Central banks face higher risk of monetary policy mistakes due to climate change, NGFS says

The increasing frequency and intensity of floods, earthquakes and heatwaves due to climate change is likely to make it harder for central banks to forecast inflation and productivity, thereby raising the risk of "mistakes", a group of central banks has suggested.

Judging the credibility of transition plans, part two

Investors preparing for a wave of transition plan disclosures face a complicated task to determine 'what good looks like', Michael Hurley writes

People Moves, 19 July: JP Morgan, Lightrock, Ambienta, PCAF, Co-Labs & Phenix

Central banks face tough questions to balance climate work and inflation, NGFS says

Plans by central banks to escalate monetary policy measures to tackle climate-related financial risks may have to be revisited to consider their utility in the current raised interest rate environment, according to the Network for Greening the Financial System (NGFS).

People Moves, 8 July: Lloyds, Bridges, IFRS, ESG Book, Permira ... and more

Financial institutions' physical risks could be underestimated by 70%

An EU-funded study has warned that European financial institutions' physical climate risk assessments are inadequate, and could be underestimating 'value at risk' by up to 70%.