Bank of England told to expand work on nature-related risk

The Bank of England's Financial Policy Committee (FPC) has recommended the central bank expand its work…

Policy,Stranded Assets

UK insurers set five-point plan to maximise climate risk management

The Association of British Insurers (ABI) has called on the UK government to fulfil five actions needed…

Insurance,Policy

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…

Policy,Stranded Assets

BoE climate test estimates potential £350bn loss

Policy

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…

Investment

Climate change 'the ultimate systemic risk,' says BoE

Climate change represents "the ultimate systemic risk ... [because] firms cannot diversify away from…

Policy

People Moves 29 April, including BlackRock, Ninety One, Rathbone & more...

People

BoE begins second round of climate tests

The Bank of England has launched a "second round" of its landmark climate stress test exercise, to assess…

ESG,Policy

Tokio Marine joins Net-Zero Insurance Alliance

Physical risks from warming a "prudential issue" for Asia's regulators, says Japan's FSA

Insurance

Bank of England sets plan to tilt asset purchases toward green companies

The UK's central bank will this month begin prioritising bond issuers judged to be "stronger climate…

Debt,Policy

Bank of England ready to 'green' £20bn bond purchase scheme

Policy

TCFD-based guidance targets overhaul of 'opaque' portfolio alignment models

Best practice guidance for the financial sector to assess future alignment of investment and lending…

ESG Data

The 'zero' challenge: offsetting

Despite the weaknesses of carbon offsets, they remain a necessary tool for some investors as they plan for net zero emissions, write Chris Varco and Simon Hallett

Carbon

People Moves 11 June: Bank of England, TransitionZero, Ambienta and more

People

Bank of England scales down bank and insurer climate stress test

Debt,Investment,Policy,Stranded Assets

People moves, 4 June: NGFS, BoE, SEB, Redington ... and more

People

Breeden promoted to BoE strategy role

People

Insurers react against Bank of England's green bond buying plan

Yields already low, Just's Andrew Bailey says

Insurance,Policy

News round-up: EU ETS extension considered, API endorses carbon price, UK financial watchdog climate remit expanded... and more

Carbon,ESG,ESG Data,Investment,Natural Capital,Policy

UK implements climate consideration into all financial regulators

Carbon,Policy