News

EU green asset ratio rules will improve bank comparability despite flaws, says Fitch

Insurance giants form Net-Zero Insurance Alliance

Eiopa looks to integrate 'impact underwriting' principles in regulations

Europe's insurance authority will explore whether products that contribute to climate adaptation deserve lower capital charges, and if it should incorporate "impact underwriting" concepts in distribution and governance requirements.

Financial risk management models 'mask' water risk, OECD says

Models for assessing risk management to financial institutions may hide water risk, the Organisation for Economic Co-operation and Development (OECD) has said

People Moves: HSBC, Santander, Engine No.1 and more

CIBC, NatWest, Itaú and NAB to launch voluntary carbon market

Swiss Re heralds carbon sequestration industry as big as oil and gas sector

But reinsurer acknowledges long-tail liabilities of insuring CO2 storage

GRI joins EFRAG to begin work on CSRD reporting standards

A group of experts has begun work to develop EU-wide sustainability reporting standards and joined with the Global Reporting Initiative (GRI) to ensure the standards inform, and are informed by, global efforts at standardisation.

ECB to introduce climate disclosure requirements

The European Central Bank (ECB) will introduce environmental sustainability disclosure requirements for private assets, it has said, in a move that could help it tilt its asset purchases and collateral rules away from heavily polluting companies.

Debt-for-climate swaps 'an opportunity for natural capital investment'