Six US banks to pilot Fed-led climate scenario analysis
The US Federal Reserve has revealed that six of the largest US banks are to participate in a pilot exercise to study their ability to manage climate-related financial risks, in a significant development for the financial stability supervision framework in the world's largest economy.
News round-up: BlackRock, JP Morgan, RBC, UBS, and more
JP Morgan Chase agrees new policies on deforestation
Global banks supply $800m a day to plastics supply chain
The amount of money that banks have pumped into the global plastics supply chain has been tracked in a new report
Rocky Mountain Institute launches climate finance centre with US banks
The Rocky Mountain Institute (RMI) has launched a research centre to help shape the role that the financial industry has in driving the transition to a low-carbon economy, with four major US banks collaborating on the project
US 'Opportunity Zones' not living up to impact goals, study says
The US government's Opportunity Zones economic development scheme is failing the deprived communities it was built to serve - and especially those in majority-black neighbourhoods, a report claims.
Deutsche Bank sets 'ambitious' sustainability targets
Deutsche Bank outlined targets which will see the German lender boost sustainability assets to over €200 billion ($217 billion) by 2025 and issue its first green bond.
MSCI launches two ESG corporate bond indexes
New York-listed financial data firm MSCI has launched two corporate bond indexes weighted according to environmental, social and governance (ESG) considerations.