Transition plans key to stave off threat to financial stability, says Aviva's Waygood
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
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
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'
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
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
The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) has highlighted key challenges in using climate scenarios ...