Archive

North American banks form climate risk group

A group of 19 US and Canadian banks has formally agreed to collaborate on approaches to managing climate risk, as regulators across the continent ready new rules.

Canada's six largest banks join Net-Zero Banking Alliance

Six of Canada's largest banks have joined the global Net-Zero Banking Alliance...

Investor group urges banks to set enhanced net zero targets

News Round-up: RBC, Barclays, NBIM, ISS, Greencoat and more

Bond round-up – 24 April: China Three Gorges, Royal Bank of Canada, Citi, United Urban Investment, ANA Holdings

Hydropower developer China Three Gorges (CTG) has issued green bonds worth CNY20 billion ($2.98 billion), according to local media.

Banks report on TCFD-linked pilot study into physical risks

A scenario-based approach to help banks estimate the climate-related physical risks in their loan portfolios has been published in response to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

Leading retailers and RBC act on supply chain emissions

Three of the world's 20 leading retailers – CVS Health, Target Corporation and Tesco – have joined Walmart in requesting information on their suppliers' carbon emissions as part of an initiative to improve supply chain sustainability.

TCFD guidance for banks launched

Guidance was today launched to help banks assess and report the 'transition risks' in their loan books, as recommended by the Task Force on Climate-related Financial Disclosures (TCFD).

Canada seeks more opportunities in sustainable finance

An Expert Panel on Sustainable Finance has been set up by the Canadian government to help the country's businesses exploit new opportunities in clean energy and other climate-related activities.

Greencoat Renewables to buy 36MW Irish wind farm

Renewable energy investment firm Greencoat Renewables is to purchase a 36MW Irish onshore wind farm from Impax Asset Management.