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Big four accountancy firms agree universal ESG disclosure framework
22 September 2020A set of 'universal' environmental, social and governance (ESG) assessment criteria has been published by the World Economic Forum (WEF) and the 'big four' accountancy firms.
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More energy efficient properties 'cut risk of mortgage default'
02 September 2020The risk of default for mortgages on the most energy efficient properties is lower than less efficient properties, according to a report by the Energy Efficiency Data Protocol and Portal (EeDaPP).
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Carney to lead Brookfield's ESG and impact strategy
26 August 2020Mark Carney has been appointed vice chair and head of environmental, social and governance (ESG) and impact fund investing at Canadian alternative investment firm Brookfield Asset Management.
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Central banks should step up to face environmental breakdown risk in finance
21 August 2020Market-fixing approaches such as the nascent Task Force for Nature-related Financial Disclosures (TNFD) are "unsuitable" for managing the risks posed by environmental breakdown, an academic paper has argued, instead proposing that central banks and financial regulators should introduce strict industry-wide exclusionary criteria.
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Mark Carney launches climate disclosure initiative with London Stock Exchange
13 July 2020Former Bank of England governor Mark Carney and the London Stock Exchange plan to establish a global coalition of stock exchanges supporting climate disclosure in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
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Bank of England publishes first climate disclosure
19 June 2020The Bank of England (BoE) has published its first climate-related financial disclosure, identifying both transition risk and physical risks on its balance sheet.
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Swedish regulator opposes easing capital rules for green investments
17 June 2020The Swedish financial supervisory authority has opposed proposals to cut the capital requirements required by pension funds for their 'green' investments, the latest intervention by a global regulator in the so-called 'green supporting factor' debate.
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Sovereign green bond pricing strong amid demand, says CBI
08 April 2020A handful of sovereign green bonds have attracted a 'greenium', research by the Climate Bonds Initiative (CBI) has found.
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Central banks prepare for "decisive" 2020 for climate change action
02 April 2020The Network for Greening the Financial System (NGFS) said 2020 will be a "decisive year", as the group of central banks warned the coronavirus crisis should not overshadow the pressure building for climate action in the financial system.
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Carney: Prudential regulation should avoid climate policy by 'back door'
31 March 2020Former Bank of England (BoE) governor Mark Carney has warned against using prudential regulation to implement climate policy "by the back door".