Climate Risk
UK Anti-Greenwashing Rules Proposed, RBC & Deutsche Bank’s Emissions Targets, and More
The top five climate risk stories this week. Climate finance alliance loosens ties with UN net-zero campaign The Glasgow Financial Alliance for Net Zero (GFANZ)…
VW Sued Over Climate Disclosure Failures, ISSB Emissions Disclosure Requirements, and More
Banks don’t have to halt fossil fuel financing, net-zero alliance says Banks that are part of the world’s largest climate finance alliance don’t have to…
Asset Managers, Owners Lack Data, Systemic Climate Risks, and More
The top five climate risk stories this week. Asset managers, owners lack data for climate reports — TCFD Two-thirds of asset managers and owners surveyed…
US Establishes Climate Risk Group, Climate Risks Ignored in Disclosures, and More
The top five climate risk stories this week. US financial regulators establish climate risk group The Financial Stability Oversight Council (FSOC), a panel of federal…
5 Key Considerations for Retail Companies to Enhance Climate Action
Retail is one the most important contributors to economic growth and development. The sector contributed approximately USD$20trn to the global economy in 2020 and is…
US Banks Take Part in Climate Scenario Analysis, UK Pension Funds to Adopt Alignment Metrics, and More
The top five climate risk stories this week Six US banks to take part in Federal Reserve climate scenario analysis Wall Street banks will undertake…
How Financial Firms Can Navigate Climate Tipping Points
Climate risks will not obey a steady and predictable pattern as the world heats up. Beyond certain temperature thresholds, abrupt shifts in the climate system…
GFANZ May Splinter Over Legal Risks, NYC Finance Chief Rebukes BlackRock, and More
The top five climate risk stories this week GFANZ may splinter over legal risks US banks may walk away from the world’s largest climate finance…
US Hires Chief Climate Risk Officer, Financial Institutions Ramp up Climate Hires, and More
The top five climate risk stories this week US regulator hires chief climate risk officer US bank watchdog the Office of the Comptroller of the…
Financial Institutions Should Wise Up to Climate-Related Sovereign Risks
Climate threats to sovereigns’ creditworthiness are on the rise. Are financial institutions on top of their exposures? Pakistan. China. Kenya. Each country is grappling with…