UN's 'Race to Zero' campaign launches finance sector expert group
The Race to Zero campaign launched by the United Nations Framework Convention on Climate Change (UNFCCC) has formed a finance sector expert group (FSEG) to develop "consistent, fair, and rigorous" guidelines for assessing which financial firms should be eligible to join the initiative..
Bank of England hoax claims fossil fuel exclusion from asset purchase fund
A hoax Bank of England (BoE) press release falsely announced the central bank will exclude firms that are most exposed to climate risk from its £20 billion ($27 billion) corporate bond purchase programme.
ESG in Fixed Income Europe 2020 conference: Day one round up
The annual conference is being held virtually this year and attracted over 600 delegates on its first day
Sustainability-linked bonds are 'more powerful than green bonds'
ESG in Fixed Income Europe 2020 conference: The 'use of proceeds' model adopted by most green bonds came under attack, amid allegations that it is susceptible to 'greenwashing'.
Defining transition finance: how to be inclusive yet specific
Transition finance has garnered a lot of attention, but the challenge of delineating what exactly it is remains unresolved. Three recent reports try to balance the need for the definition to be both broad enough to be inclusive, yet specific enough to protect the instruments from claims of greenwashing. Ahren Lester reports.
Better private sector ESG performance boosts national economic growth
The improvement in environmental, social and governance (ESG) practices by private sector firms positively impacts national growth in both developed and emerging economies, an academic paper reported.
US regulator unveils climate risk expert group
The regulator of the US futures and options markets has appointed a 35-member committee of experts to assess the risks posed by climate change to the financial markets.
Caldecott appointed senior advisor to UK Green Finance Institute
Ben Caldecott has been appointed senior advisor to Rhian-Mari Thomas, the CEO of the UK’s Green Finance Institute.
Carney launches Climate Financial Risk Forum
The UK's Prudential Regulation Authority (PRA) is to step up its oversight of climate change after a survey revealed that only 10% of banks are treating the issue as a strategic risk.