Archive

HSBC, Citi among banks banned by West Virginia over fossil fuel 'boycotts'

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

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

New York Fed climate stress test demonstrates 'substantial' risk for banks

Researchers at the Federal Reserve Bank of New York have published a transition risk-focused climate stress test metric for banks, which demonstrated climate risk was "economically substantial" for some lenders during the 2020 energy crisis.

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).

Moody's expects at least $120bn of green bonds by end of 2017

Green bond issuance reached fresh highs in the third quarter and is on track to set a new record of at least $120bn in 2017, according to Moody's Investors Service.

DNB joins project to implement TCFD recommendations

DNB, Norway's largest financial services group, has joined a UN-sponsored project to develop practical ways to improve disclosure and reporting of the impacts of climate change.

Banks pledge to help implement recommendations of TCFD

Eleven large banks have committed to develop practical ways of implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

Banks making progress on combating climate change

Banks have made considerable progress in addressing climate risks and opportunities in their business practices to align with a 2°C global warming target, but it is still not enough, according to a new report.