norwegian funds climate plan

Norges Bank Investment Management publishes a new 2025 climate action plan and sets targets for net zero emissions by 2050 for all companies in its portfolio. The Norwegian sovereign fund, the largest sovereign fund on the planet – 1.200 billion euros – is raising its environmental objectives and announced earlierContinue…

decarbonise its corporate bond holdings

The European Central Bank (ECB) published further details on how it aims to gradually decarbonise the corporate bond holdings in its monetary policy portfolios, on a path aligned with the goals of the Paris Agreement. One goal is to reduce the Eurosystem’s exposure to climate-related financial risk, following the Governing Council’s July 2022 decision toContinue…

report WMO

Climate science is clear: we are heading in the wrong direction, according to a new multi-agency report coordinated by the World Meteorological Organization (WMO), which highlights the huge gap between aspirations and reality. Without much more ambitious action, the physical and socioeconomic impacts of climate change will be increasingly devastating,Continue…

The Basel Committee

The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, met on last week to reaffirm its expectations on implementing Basel III and to provide direction on key areas of work by the Committee. Basel Committee The resurgence ofContinue…

Valuing Natural Capital

On the 21st of September, the Centre Scientifique de Monaco will participate to the Valuing Natural Capital Conference, a unique collaboration of the United Nations, key researchers from Harvard University’s Department of Economics, the FootPrint Coalition, and the Think Tank Geneva Macro Labs, who will jointly rethink the relation between nature and finance.Continue…

Basel climate-related financial risks

Basel Committee issues principles for the effective management and supervision of climate-related financial risks that seek to improve banks’ risk management and supervisors’ practices. The publication of the principles is part of the Committee’s holistic approach to addressing climate-related financial risks to the global banking system. The Basel Committee onContinue…