Archive

2024 outlook: Sand in the gears of sustainable finance policy

Looming elections and burgeoning disclosure regimes point to a slowdown in sustainable finance policymaking, but the spectre of fines for greenwashing is on the rise, Michael Hurley writes

European FIs 'heavily exposed' to nature risks, warns Commission

European financial institutions are "heavily exposed" to nature-related risks, the European Commission's Joint Research Centre has found, warning this could have "dire consequences" for the financial system.

Banks' disproportionate lending to high-emitting sectors poses stability risks, ECB warns

Eurozone banks lend "disproportionately" to high-emitting sectors and thereby risk financial instability, the European Central Bank (ECB) has warned, as it called for a tougher strategy to tackle such risks that could include increased capital requirements.

Investors devise long wish list for much-maligned SFDR

Every financial product sold in the EU should be required to disclose sustainability information under the much-maligned Sustainable Finance Disclosure Regulation (SFDR), Europe's largest asset manager has said.

COP28: Global Stocktake nothing more than 'disjointed wish list', NGO says

The latest Global Stocktake drafted text is a "disjointed wish list" with weak language on reducing use of fossil fuels, an NGO has claimed.

People Moves, 8 December: General Atlantic, ISSB, ImpactA Global ... and more

Bond round-up: Bank Pekao, Argentina, Ericsson ... and more

ECB should consider nature risks in bond purchases and lending, Elderson says

The European Central Bank (ECB) should "broaden" its efforts to reduce climate risks in its lending and bond purchases to include nature risks - including in its €3 trillion ($3.3 trillion) public sector bond portfolio - according to a member of its executive board.

ECB set to fine banks 'turning a blind eye' to climate risk, Elderson says

Banks still failing to meet climate risk management expectations set by the European Central Bank (ECB) three years ago are on the verge of incurring daily fines until they redress shortcomings in their climate risk management.

Calls for speedier grid connection for UK renewables projects