Archive

Carney: Financial sector moving too slowly on climate

The global financial sector is moving too slowly to curb the negative impacts of climate change, the governor of the Bank of England has said.

BoE widens climate risk stress test to banks

The Bank of England (BoE) has outlined proposals to stress test banks and insurers on climate risk as part of its 2021 testing round.

EBA plans climate stress test

Carney: EU taxonomy is binary - we need 50 shades of green

The EU's taxonomy on sustainable activities is "a good start", but a "richer" taxonomy that does not take a binary approach is needed, said Bank of England governor Mark Carney.

People moves: UBS, Palladium, ANZ, Mainstream

UBS creates sustainable finance committee, Tillery appointed CEO of Palladium’s new impact fund and more

The ESG data files - introduction

ESG data has gone 'mainstream'. But how good is it, and in what ways does it need to improve? Environmental Finance is today launching a series of features to answer these questions. Peter Cripps reports

Bank of England to stress test UK’s financial system by 2021

The Bank of England will by 2021 conduct a stress test of the UK financial system for resilience to the financial risks posed by climate change, Mark Carney has revealed.

Central banks send powerful climate risk message with landmark report

A report by some of the world’s most influential central banks and supervisors has sent a shot across the bow of the investment community by signalling that climate-related risk is near the top of their agenda.

UK's PRA is first regulator to publish supervisory statement on climate change

The UK's Prudential Regulation Authority (PRA) has become the first regulator to publish its expectations on how banks and insurers should manage climate risks.

Carney: responsible investing will help break the tragedy of the horizon

Mark Carney revisited his landmark tragedy of the horizon speech, this time striking a more positive note about the "tremendous" opportunities created by the low-carbon transition, and predicting that sustainable investing will "go mainstream".