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Address climate adaptation finance, says IPCC co-author
12 April 2022Financial institutions must urgently move away from funding fossil fuels and channel more capital to financing climate adaptation measures, according to a co-author of the latest report by the Intergovernmental Panel on Climate Change (IPCC).
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Mandatory climate disclosure for Canadian banks, insurers from 2024
11 April 2022Canada has confirmed plans to phase-in mandatory Task Force on Climate-related Financial Disclosures (TCFD) reporting for banks and insurers from 2024.
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€1.5trn Dutch investor group sets 2024 oil firm transition expectations
01 April 2022A group of seven Dutch asset managers with a combined €1.5 trillion ($1.7 trillion) in assets has published three core climate transition expectations for oil and gas firms to accelerate...
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Iceberg Data Lab completes 'sectoral mapping' for natural capital impact
11 March 2022Iceberg Data Lab has finished work to map different sectors of the economy according to the pressures they place on natural capital.
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US banks tell Basel they 'strongly oppose' climate stress test
21 February 2022A group of financial institutions chaired by Goldman Sachs has spoken out against any climate stress testing that could lead to regulatory changes in a letter to the Basel Committee on Banking Supervision.
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Japan's FSA plans principles to address 'nightmare' of investor ESG data requests
11 February 2022Japan's Financial Services Agency (FSA) plans to launch a set of principles for ESG ratings and data providers this summer...
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Japan's FSA forms ESG ratings and data committee
09 February 2022Japan's Financial Services Agency (FSA) has formed a subcommittee to discuss ESG ratings and data providers.
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Asian market growth for ICE sustainability indices
20 January 2022Exchange-traded funds (ETFs) tracking environment-related and other thematic Intercontinental Exchange (ICE) indices saw strong growth in Asian markets last year.
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Tokio Marine joins Net-Zero Insurance Alliance
19 January 2022Physical risks from warming a "prudential issue" for Asia's regulators, says Japan's FSA
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Sustainability disclosure requirements won't be enough
12 January 2022Regulations and disclosure requirements are too easy to skirt. We need concrete plans of action which reflect the irreversible nature of the ongoing climate crisis, argue David Ko and Richard Busellato