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ECB: Banks are 'on the horizon' of climate litigation surge
05 September 2023A senior European Central Bank (ECB) official has warned banks to "get up to speed" with rising climate-related litigation risk as he expects regulation and recent legal successes to result in an escalation of cases against banks.
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TNFD developing 'mission critical' free nature data facility
11 August 2023Work has begun on development of a global, publicly accessible facility to provide nature-related data that could help investors, according to a group led by the Taskforce on Nature-related Financial Disclosures (TNFD).
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Finance-backed roadmap for nature alignment launched
13 July 2023 -
OCBC signs carbon credit-linked green loan with Frasers
07 July 2023 -
Allianz: ECB talks up sustainable bond greenium
29 June 2023Climate-related policies and pronouncements from the European Central Bank (ECB) has generated a "persistent positive effect" on the 'greenium' for European sustainable bonds, according to research from Allianz.
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Elderson: ECB willing to impose climate-related penalties
27 June 2023A senior official at the European Central Bank (ECB) said it is willing to issue periodic penalties or impose bank-specific capital add-ons for banks that do not demonstrate "full compliance with all our expectations" on climate and environmental risk.
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30% of insurers' investments highly dependent on nature, EIOPA says
23 June 2023About 30% of Eurozone insurers' investments are highly dependent on nature, according to analysis of about €2.3 trillion ($2.5 trillion) of insurers' investments in corporate bonds and equity.
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ECB to include climate in capital requirements guide
22 June 2023 -
Nature loss poses 'existential' risks for financial system, says ECB's Elderson
08 June 2023The loss of nature due to intensive land use, climate change and pollution poses "existential" risks to the global economy and financial system, a prominent central banker has warned.
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Asia an 'untapped market' for financial inclusion impact investments
07 June 2023Asia is an 'untapped market' for financial inclusion focused impact investments, a report by a Temasek-funded non-profit has found.