News

Canada climate scenarios warn of potential for 'sudden and large' losses

The potential for "sudden and large" losses due to climate change may mean financial institutions in Canada are required to hold extra capital in reserve...

NGFS appoints new chair

The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) has appointed a new chair, Ravi Menon,..

Citi, CommerzBank among climate tech firm backers

A climate technology firm has raised $19 million in funding from five investors, including the venture capital arms of Citi and CommerzBank.

Climate-washing net-zero lawsuits 'likely to increase'

Legal claims around 'climate-washing' are likely to increase against companies for misleading net-zero pledges if they are not followed by meaningful action,...

North American banks form climate risk group

A group of 19 US and Canadian banks has formally agreed to collaborate on approaches to managing climate risk, as regulators across the continent ready new rules.

People Moves 14 January: MSCI, Wells Fargo, BIS, Schroders and more...

UN agency advocates 'more long-term' credit ratings with SDG bent

Credit ratings agencies should be required to take a longer-term approach to assessing the credit quality of sovereign issuers, to account for climate risk and the Sustainable Development Goals (SDGs), a UN department has suggested.

Circulate Capital invests in plastics recycling firm

Verdane claims 'largest' growth equity impact fundraise

Oslo-based investor Verdane has claimed that its €300 million ($344 million) fundraise makes its growth equity impact fund the largest such investment vehicle in Europe to date.

PRI calls for human rights-linked sovereign bonds

The UN Principles for Responsible Investment (PRI) has urged its signatories to encourage countries to issue sustainability-linked bonds tied to human rights factors as part of a drive to incorporate human rights into investment decisions.