Archive

Almost half of major global investors 'overlook' climate change risks

News round-up: EU ETS extension considered, API endorses carbon price, UK financial watchdog climate remit expanded... and more

UK implements climate consideration into all financial regulators

M&G allocates £5bn to impact strategy

M&G has created an investment team to which it has allocated £5 billion ($6.8 billion) to invest in private assets that have a positive social or environmental impact.

Focusing on governance would drive greater sustainable outcomes, say insurers

While ESG has become part of the investment lingo, its three pillars - E, S and G - do not carry the same weight depending on whether one speaks to the investment professional, the marketing people or the HR department. Vincent Huck reports

UK finance sector gets new advice on climate-related risks

Bank of England publishes first climate disclosure

The Bank of England (BoE) has published its first climate-related financial disclosure, identifying both transition risk and physical risks on its balance sheet.

Majority of Europe's largest companies still 'failing' in climate reporting

In 2019, more than three quarters of Europe's largest companies were not adequately reporting climate and environmental risks, according to the Climate Disclosure Standards Board (CDSB).

PRA postpones UK climate and insurance stress tests

The UK's Prudential Regulation Authority (PRA) has paused further work on its climate and insurance stress tests to allow firms to tackle the other pressures they face due to the Covid-19 pandemic.

Carney: Prudential regulation should avoid climate policy by 'back door'

Former Bank of England (BoE) governor Mark Carney has warned against using prudential regulation to implement climate policy "by the back door".