The letter sent during Climate Week calls for BlackRock to better align their actions with their climate commitments, and their recognition that climate risk is financial risk. BlackRock net zero emissions New York City Comptroller Brad Lander shared a letter to BlackRock, Inc. Chief Executive Officer Larry Fink to express growing concernContinue…
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…
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…
New data published by Carbon Tracker shows that producing and combusting the world’s reserves would yield over 3.5 trillion tons of greenhouse gas emissions, over seven times the remaining carbon budget for 1.5C and more than all emissions produced since the industrial revolution. The finding comes from the Global Registry of FossilContinue…
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 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…
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…
Senate Majority Leader Chuck Schumer (D-NY) and Senator Joe Manchin (D-WV) issued the following joint statement this week announcing an agreement to add the Inflation Reduction Act of 2022 to the FY2022 Budget Reconciliation bill and vote in the Senate next week. It would replace Mr Biden’s original bill “BuildContinue…
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…
Following the publication of the Common Ground Taxonomy Instruction Report in November 2021, the International Platform on Sustainable Finance (IPSF) launched a call for feedback to consult stakeholders on the Common Ground Taxonomy (CGT) activities’ table. The consultation ran from 4 November 2021 until 14 January 2022. In light of the feedbackContinue…
Association des
Investisseurs Responsables
à Monaco
enregistrée sous le numéro AD 01643
