climate bond certification

This week, the Climate Bonds Standard and Certification Scheme, released a significant expansion to its scheme with a new Company-level Certification. This certification indicates to investors that a company is a green entity committed to a Paris-aligned pathway of limiting global warming to 1.5-degrees. The Climate Bond Certification focuses onContinue…

climate-related compensation frameworks

On April 20, 2023, the Financial Stability Board (FSB) published a report on the impact of climate change on compensation frameworks in financial institutions. As climate change becomes a top priority for financial institutions and regulators, many are adopting climate-related metrics in their compensation frameworks. Several jurisdictions have already incorporatedContinue…

ECB and the ESAs call for enhanced climate-related disclosure for structured finance products

The European Supervisory Authorities (ESAs), together with the European Central Bank (ECB), published a Joint Statement on climate-related disclosure for structured finance products. The Statement encourages the development of disclosure standards for securitised assets through harmonised climate-related data requirements. climate-related structured products The European Supervisory Authorities (ESAs) and the ECBContinue…

costs & benefits climate change

To reduce its economic impact, adaptation and mitigation actions are urgently needed. Decision-makers need to understand their benefits and costs compared to not acting at all. This briefing summarises the main assessment concepts, key methods and related challenges and constraints, and provides practical examples of approaches relevant to the EU.Continue…

basel committee climate risks

The Basel Committee on Banking Supervision published responses to frequently asked questions to clarify how climate-related financial risks may be captured in existing Pillar 1 standards. Consistent with the objective of FAQs, the responses are intended to facilitate a globally consistent interpretation of existing standards given the unique features of climate-related financialContinue…

Global emissions Climate TRACE

The Climate TRACE coalition released the most detailed facility-level global inventory of greenhouse gas (GHG) emissions to date, including emissions data for 72,612 individual sources worldwide. The 70,000+ individual sites – including specific power plants, steel mills, urban road networks, and oil and gas fields – represent the top knownContinue…