Archive

Asia an 'untapped market' for financial inclusion impact investments

Asia is an 'untapped market' for financial inclusion focused impact investments, a report by a Temasek-funded non-profit has found.

IIGCC to step up pressure on banks to demonstrate action on net zero

A group representing investors with €65 trillion ($70 trillion) in assets under management has published a set of expectations for banks, as they push for more details on how banks will act on pledges to achieve net zero emissions.

NGFS publishes report taking stock of transition plans

The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) has published a review of financial institutions' transition plans - and ways to improve the process.

NGFS transition plan 'stocktake' due this week

The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) will publish its "stocktake" on transition plans this week, which one official said will demonstrate how "inconsistent" the global picture is.

BP faces shareholder rebellion over climate action climbdown

BP is to face a growing shareholder backlash at its AGM today over concerns the oil giant is scaling back its climate ambition.

'Reasonable to expect' banks will meet ECB climate expectations, says Elderson

It is "reasonable to expect" Eurozone banks will, by 2024, close the gap between their currently inadequate disclosures on climate-related risks and the expectations of the European Central Bank (ECB), according to a senior central banker.

ECB and EIOPA call for EU wide natural disaster insurance scheme

The creation of a pan-EU public scheme for "less frequent, large-scale disasters" could complement existing insurance offerings and contribute to closing the climate insurance protection gap, two major European supervisors have said.

ECB warns banks are still failing on climate disclosures, and threatens action

Eurozone banks have been given a stern warning by the European Central Bank (ECB) that it is ready to act if they do not improve "insufficient" disclosures on climate ahead of rules coming into force this year.

LGIM and NTR raise €390m for clean power fund

UK Infrastructure Bank to invest £200m in energy storage