Climate Risk

Reporting & Disclosures

US SEC Pauses Implementation of New Climate Disclosure Rules

By Editors | 06/04/2024

The SEC issued an order to stay the new climate-related disclosure rules pending the resolution of six cases challenging their validity.

Capital Adequacy

Bank Capital Rules Are Holding Back Transition: Study

By ESG Investor | 05/04/2024

EBA analysis found that the models used by banks produce a lower risk rating for high carbon than low carbon sectors.

Climate Risk

BCBS to Backtrack on Climate-related Standards – Report

By Editors | 04/04/2024

The BCBS plans to make its standards on disclosures and transition plans optional rather than universally adopted due to US pressure.

Climate Risk

APRA to Conduct Second Climate Risk Management Survey

By Sanday Chongo Kabange | 03/04/2024

APRA will make the survey available to all banking, insurance, and superannuation entities that it supervises, though participation is voluntary.

Climate Risk

S. Korea: Banks, Insurers to Conduct Climate Stress Tests in H2

By Mark Johnston | 28/03/2024

The BOK and FSS will create climate scenarios in H1 which 15 financial firms will have to use in stress tests in H2.

Sustainable Finance

Former MAS Chief Takes on Role as Ambassador for Climate Action

By Ranamita Chakraborty | 28/03/2024

Ravi Menon was the longest-serving managing director at MAS where he spearheaded initiatives in green finance, transition financing and blended finance.

Sustainable Finance

Climate Finance Held Back by VCM Participation Barriers – Report

By Manesh Samtani | 26/03/2024

Companies say they would substantially boost their investments in decarbonisation if purchases of carbon credits were recognised and incentived by standard-setters.

Emerging Prudential Risks

RBNZ Finalises New Guidance on Managing Climate Risk

By Editors | 26/03/2024

Accounting for consultative feedback, the guidance includes more examples, reduces overlaps with other guidance, and draws more links to existing parts of the prudential regime.

Emerging Prudential Risks

China Issues New Supervisory Ratings Framework for Insurers

By Mark Johnston | 23/03/2024

Insurers that offer green insurance or inclusive insurance will be awarded special bonus points to acknowledge ESG performance.