Irish central bank warns of slow transition to green economy

A slow transition to a low-carbon economy would pose macroeconomic and financial stability risks, according…

Policy

Supervising an orderly transition

Why is the Bank of England increasingly focusing on climate change? Sarah Breeden explains its approach to Peter Cripps

Policy,Stranded Assets

IIGCC publishes climate scenario analysis guide

Investors who use scenario analysis will be better equipped to respond to early warning signs, such as…

ESG,Investors,Policy

Central banks make rallying cry for swift action on climate risk

The financial risks presented by climate change are “system-wide and potentially irreversible… and [these]…

Debt,Investors,Policy

Carney launches Climate Financial Risk Forum

The UK's Prudential Regulation Authority (PRA) is to step up its oversight of climate change after a…

Debt

Banque de France and I4CE form climate finance partnership

The Banque de France and the Institute for Climate Economics (I4CE) are forming a partnership to exchange…

People,Policy

Steering group for Green Finance Institute announced

A steering group has been assembled to guide the launch of the UK's Green Finance Institute.

Policy

Investors offered tool to model low-carbon transition risk

A modelling tool to help investors and regulators assess how the transition to a low-carbon economy will…

Investors,Policy

Make climate risk reporting mandatory by 2022, says UK parliamentary committee

Asset owners and large companies based in the UK should be forced to report their exposure to climate-related…

Investors,Policy

New report aims to help companies disclose physical climate risks

The disclosure of physical climate risks has received less attention than reporting transition climate…

Investors

People moves: Montanaro Asset Management, UNEP Finance Initiative, Beyond Ratings and Lekela

Montanaro Asset Management has set up an advisory committee for its Better World Fund, to be chaired…

People

TCFD recommendations should remain voluntary, says UK regulator

It is important that the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)…

ESG,Policy

Could blockchain save the planet?

Cryptocurrencies, such as bitcoin, are notoriously energy-intensive. But the blockchain technology they rely on could give a boost to environmental markets, experts believe. Graham Cooper reports.

TCFD targets 500 backers before autumn

The Task Force on Climate-related Financial Disclosures (TCFD) secretariat has set a goal for 500 companies…

Investors,Policy

EBRD working group to present TCFD physical risk guidance

A working group to advance the Task Force on Climate-related Financial Disclosure (TCFD)'s guidance on…

Investors,Policy

Natural catastrophes in 2017 hit insurers hard

Insured losses arising from natural disasters soared to $138 billion last year, almost three-times as…

Investors,Policy,Water

Banque de France calls for 'brown penalising factor'

The idea of raising capital requirements on assets with high sustainability risks, by means of a so-called…

Debt,ESG,Policy

Banking on a changing climate?

Climate change poses a significant threat to banks. How big is their exposure to climate risks, and what are they doing to mitigate them, asks Peter Cripps

Debt,Stranded Assets

UK should 'go beyond TCFD' and lead world in disclosure, say industry leaders

An industry taskforce has urged the UK Government to boost the growth of green finance by enforcing the…

ESG,Green Bonds,Investors,Policy

Climate-related disclosure: a new dawn

Numerous developments are helping to drive improvements in corporate reporting of non-financial issues and to raise investor expectations, says Adams Koshy.

ESG,Policy