Investors and companies alike are being forced to reckon with the implications of environmental, social and governance challenges. In this weekly roundup, we explore growing concern about greenwash, new funds launched and shifting interest from the fossil fuel sector.
Investors and companies alike are being forced to reckon with the implications of environmental, social and governance challenges. In this weekly roundup, we explore growing concern about greenwash, new funds launched and shifting interest from the fossil fuel sector.
The European Central Bank (ECB) has published new statistical indicators to improve the reporting of climate-related risks in the financial sector. It expects will incorporate features of other ESG-related reporting standards, although its efforts may be negatively impacted by the delays in their implementation.
Despite international action and growing warnings from scientists about the potential impact of climate change, a new report shows that, while central banks are engaging with the notion of climate risk, that’s a far cry from action.
Most banks assessed by the European Central Bank (ECB) fell short of expectations on managing climate and environmental risks.
Civil society organisations are arguing that it's the duty of the European Central Bank (ECB) to exclude the most climate-harming corporations, as the driving force behind the high inflation and record-breaking heatwaves hitting the euro area, from its portfolio.
European Central Bank (ECB) warns climate change is not just bad for health and environment, it's also bad for the economy and a risk to financial stability. The research shows the banking system is no more prepared for climate change than business.
Whether you’re a proponent of ESG focused on financial or double materiality, it can be difficult to understand why central banks have become so interested in climate risk.
