All posts tagged "climate risks"
-
81EuropeFINMA to Require Banks, Insurers to Disclose Climate Risks
New disclosure rules will enter into force on 1 July, requiring large banks and insurers to disclose climate-related financial risks.
June 2, 2021 -
169Australia & NZNew Zealand Launches First Carbon Efficient Indices
All S&P/NZX 50 companies are covered in the new indices. Constituent weights will be adjusted based on carbon intensity and emissions performance.
May 5, 2021 -
149Hong KongHK Green Banks Alliance Hosts First Roundtable
HKMA Chief Eddie Yue urged banks to transform into 'green banks'. HSBC and BOCHK announced plans to expand their green finance business.
April 30, 2021 -
223JapanJapan FSA to Issue Climate Risk Guidelines for Banks
Financial institutions will be expected to incentivise borrowers to decarbonise through loan terms and preferential interest rates.
April 29, 2021 -
174Australia & NZAustralia: Super Fund Body Launches New Climate Change Policy
The Australian Council of Superannuation Investors is seeking the integration of climate change risk in super fund investment strategies.
April 27, 2021 -
183ChinaPBOC to Extend Stress Tests to All Domestic Banks This Year
Previously, only major banks were stress-tested. The expanded stress tests are meant to improve risk monitoring and early warning systems.
April 19, 2021 -
744Australia & NZNew Zealand Introduces Law on Mandatory Climate Disclosures
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.
April 14, 2021 -
162Australia & NZRBNZ Makes Submission to Climate Change Commission
The RBNZ emphasised the need to take a collective approach and for the firms it regulates to pay close attention to climate-related risks.
March 30, 2021 -
385Australia & NZAPRA Outlines Next Steps in Key Climate-related Initiatives
APRA will consult on a draft prudential practice guide on climate change financial risk within H1. The first results of big banks' climate vulnerability assessments will be ready by Q4.
March 16, 2021 -
233EnforcementUS SEC Forms Task Force to Pursue ESG-related Misconduct
The task force’s initial focus will be to identify material gaps or misstatements in issuers’ disclosure of climate risks under existing rules.
March 8, 2021
