Chris Hall
FEBRUARY 5, 2024
Around 90% of EU banks are exposed to climate transition risks, recent analysis from the ECB shows. Banks globally are increasingly feeling two-pronged pressure from regulators and investors to up their climate ambition and stop financing fossil fuels.
Corporate Knights
MARCH 1, 2023
The taxonomy will be used as a benchmark for banks, pension funds and other financial institutions that have their own climate targets and want to align their lending and investment with a net-zero target for 2050. The government is expected to release that report in the coming days. C scenarios, Routledge said.
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Chris Hall
FEBRUARY 2, 2024
Many of the difficulties stem from how multilateral development banks (MDBs) operate and interact with the private sector, but one channel for private investment flows was also flagged as problematic this week. Perhaps more significant was the African Development Bank’s US$750 million issuance, which attracted 275 investors.
Corporate Knights
NOVEMBER 2, 2023
The minister commended the work of the Sustainable Finance Action Council (SFAC), a body comprising the country’s largest banks, pension funds and insurance companies that has recommended that Canadian corporations be required to disclose their climate-related risks and have a transition plan for addressing them.
James Militzer
MAY 19, 2022
Meanwhile, most people – 79% overall and 90% of investors under age 45 – say they want to invest in socially and environmentally friendly ways. Even if they’re not actively greenwashing, most companies don’t publish information about their emissions or other environmental impacts. And more importantly, what can we do to bridge it?
Chris Hall
SEPTEMBER 22, 2023
There is no shortage of reference frameworks for keeping finance sector firms on a straight and narrow path to net zero; and some might raise an eyebrow at guidance from a country that has done more than most to undermine the collaborative decarbonisation efforts of banks , insurers and investors. What’s in a name?
Chris Hall
SEPTEMBER 11, 2023
“Our recommendations aim to align these objectives with government policy, tracking progress, consumer protection, national and local actions, private sector engagement, and international efforts,” she said. “By carefully considering these aspects, the UK can harness the power of its taxonomy to drive sustainable and green investments while preventing (..)
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