Climate Risk

Emerging Prudential Risks

UK Considers Use of Climate Risk Capital Buffers

By Editors | 31/10/2021

The Bank of England is exploring whether to use capital add-ons or scalars to address weaknesses in climate risk management.

Sustainable Finance

BSP Directs Banks to Integrate Environmental, Social Risks

By Editors | 31/10/2021

Banks have to integrate environmental and social risk in their risk management frameworks and when defining their credit strategy.

Capital Adequacy

EU Defers Full Basel III Implementation to January 2025

By Manesh Samtani | 29/10/2021

The EU’s Basel III package of rules includes requirements for banks to under climate stress testing as well as identify, disclose and manage ESG risks.

Climate Risk

China State Council Unveils Climate Action Plan Ahead of COP26

By Mark Johnston | 29/10/2021

The action plan commits China to reaching 25% in non-fossil energy consumption in its mix by 2030, compared to 16 percent in 2020.

Sustainable Finance

Japan Developing Certification Framework For ESG Related Bonds

By Mark Johnston | 29/10/2021

Japan’s FSA will also formulate codes of conduct for ESG evaluation organisations, covering transparency, fairness, and good governance.

Climate Risk

UNEP FI Warns of Inconsistencies in FIs’ Transition Plans

By ESG Investor | 28/10/2021

New recommendations offer a baseline for asset owners assessing the credibility of their asset managers’ net-zero commitments and investment strategies.

Sustainable Finance

GFMA, BCG Call for Rapid Scaling of Carbon Markets

By Manesh Samtani | 28/10/2021

Rapid scaling and better coordination of carbon markets are necessary to accelerate global decarbonisation and meet the Paris Agreement goals.

Sustainable Finance

Breakthrough Decarbonisation Tech Urgently Needs Financing – WEF

By Sanday Chongo Kabange | 27/10/2021

The mobilisation of finance to breakthrough technologies represents the “only viable path forward” to avoid irreversible damage to the planet, the WEF says.

Climate Risk

NGFS Details Progress Made By Supervisors on Climate Risk

By Manesh Samtani | 27/10/2021

The NGFS plans to launch a capacity building initiative for supervisors, develop policy recommendations to bridge data gaps, and further build on its climate scenarios work.