• Transition plans key to stave off threat to financial stability, says Aviva's Waygood

    25 April 2023

    Unless a material price on carbon is reached and governments come up with 'sectoral transition frameworks', the world faces a threat to international security and financial stability, according to Aviva Investors.

  • Take action 'ahead of regulation', urges Bank of England

    19 April 2023

    The Bank of England has urged financial institutions to take action on sustainability and not wait for policy and regulation to be developed.

  • NGFS interested in UK transition plan framework, says BoE's Breeden

    28 February 2023

    There is international interest in the UK's plans to develop a world-leading "gold standard" for climate transition plans, including from members of the Central Banks and Supervisors Network for Greening the Financial System (NGFS), a senior central banker has said.

  • BoE's Breeden warns against 'paper decarbonisation'

    01 June 2022

    There is a risk of a failed energy transition if financial institutions do not back up their transition plans with investment to decarbonise heavy-emitting activities, a senior Bank of England official has warned.

  • Lloyd's: Support don't cancel fossil fuels

    12 May 2022

    The debate on fossil fuels is "too black and white" said Lloyd's chairman Bruce Carnegie Brown, who added investors should support the industry to change "rather than cancel" its investment in it.

  • Climate scenario analysis 'should be approached with humility', say NGFS

    21 October 2021

    The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) has highlighted key challenges in using climate scenarios ...