Archive

US banks lament data gaps in first Fed climate scenario analysis

The Federal Reserve's first climate scenario analysis of the country's six largest banks exposed widespread data gaps that threaten to undermine the accurate assessment of climate-related risks.

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

News round-up: TCFD, John Kerry, Legal and General, Church of England, and more

RAN fossil fuel investigation shows massive continued financing from banks

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.