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ECB: 30% of eurozone corporate credit linked to 'high or increasing' physical climate risks
18 May 2021The European Central Bank (ECB) has warned that "a greater understanding of the potential risks posed by climate change is urgently needed" and called for mandatory climate-related disclosures.
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ECB 'will draw on full supervisory toolkit' to correct banks' climate risk mismanagement
30 April 2021The European Central Bank (ECB) has placed Eurozone banks on notice that, where it sees that they "are not managing their exposures to climate-related risks in an adequate manner, we can and will draw on the full supervisory toolkit at our disposal to correct that situation".
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Belgian central bank sued over 'climate failings' in bond buying programme
13 April 2021The National Bank of Belgium (NBB) is being sued by ClientEarth in a 'landmark' legal action to stop the central bank from funding fossil fuel firms through its bond buying programme, amid broader pressure from the environmental law charity on the European Central Bank (ECB) 'quantitative easing' policy.
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Winners revealed in Environmental Finance's Bond Awards 2021
31 March 2021 -
BoE looking at 'climate friendly' market neutrality and collateral regime
22 March 2021 -
Market neutrality bias is hampering climate risk protection, says ECB's Schnabel
08 March 2021 -
88% of investors keen on sustainability-linked bonds, despite greenwashing fears
02 March 2021The large majority of investors are investing, or considering investing, in sustainability-linked bonds (SLBs), according to a survey by Natixis, despite many flagging the risk of the instruments being used for 'greenwashing'.
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Total commits to issuing only sustainability-linked bonds
15 February 2021French oil supermajor Total has committed to all its new bond issues being 'sustainability-linked', in another boost for the nascent market.
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ECB should tilt assets and collateral according to climate risk, says Villeroy de Galhau
11 February 2021The 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"
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19 EU central banks adopt common sustainable investment principles
05 February 2021