Climate Risk

Climate Risk

Basel Committee Calls for Adaption to Climate Risks

By ESG Investor | 14/04/2021

Two new reports from the BCBS outline banking system exposure to climate-related risks and recommend methodologies be adapted accordingly.

Reporting & Disclosures

The ESG Interview: Making Climate Data Comparable

By ESG Investor | 14/04/2021

IOSCO Chair Ashley Alder believes we’re in sight of “a real step change” in sustainability reporting, writes Chris Hall at ESG Investor.

Reporting & Disclosures

New Zealand Introduces Law on Mandatory Climate Disclosures

By Manesh Samtani | 13/04/2021

Once the bill is passed, disclosures will be required for financial years commencing in 2022, meaning the first disclosures for around 200 organisations will be made in 2023.

Reporting & Disclosures

New TSE Chief Eyes ESG Focus In Reorganisation Plan

By Sanday Chongo Kabange | 12/04/2021

Chief executive Hiromi Yamaji says the TSE will urge companies to step up efforts on ESG issues based on their market classification.

ESG Data

IMF Launches Climate Change Indicators Dashboard

By Editors | 08/04/2021

The platform brings together experimental climate change indicators to fill existing data gaps and allow comparisons across countries.

Nature & Biodiversity

NGFS, INSPIRE to Study Financial Risks of Biodiversity Loss

By Editors | 07/04/2021

The research will seek to understand how central banks and supervisory authorities can fulfil their financial stability mandates in the context of biodiversity loss.

Emerging Prudential Risks

Premature Withdrawal of Support May Threaten Financial Stability: FSB

By Manesh Samtani | 07/04/2021

As public support is phased out, the ability of banks and non-bank financial institutions to bear risks and provide financing will be critical, the FSB says.

Climate Risk

Regulators Should Require FIs to Consider Climate Risk: NGFS

By ESG Investor | 01/04/2021

Climate risks may be underestimated due to a lack of internal scenario analysis by financial institutions, the NGFS warns in a new report.

Reporting & Disclosures

IOSCO Forms Working Group to Aid IFRS Sustainability Project

By Editors | 31/03/2021

The MAS and US SEC will co-lead the new technical working group, which will help develop technical recommendations needed for new sustainability reporting standards.