The European Central Bank (ECB) published a first set of climate-related statistical indicators to better assess the impact of climate-related risks on the financial sector and to monitor the development of sustainable and green finance, fulfilling another of the commitments of its climate action plan. “We need a better understanding of how climateContinue…
Climate change will continue to take center stage on the European regulatory agenda in 2023 as financial authorities introduce new disclosure requirements for banks, heighten their expectations for lenders’ risk management and contemplate new prudential rules. As a result, this year banks will “spend a lot of time, money andContinue…
CEO of Privatam Monaco, Massimo Passmonti is sharing his vision on possible relationship between Monaco and Europe. Monaco’s relationship with the EU is a complex one. Its access to the single market is permitted based on bilateral treaties signed with France and not on a formal agreement with the EU.Continue…
The annual Russell Investments ESG Manager Surveys assesses the integration of ESG considerations in investment processes among equity, fixed income and private markets managers, and spotlights firm wide policies, use of data, engagement and integration. Top survey findings This year marks the eighth annual ESG manager survey. The 2022 RussellContinue…
An article by Håvard Halland is a Norwegian economist at the OECD Development Centre and author of “a call to action” for the Norwegian Government Pension Fund Global to join the Net Zero Asset Owner Alliance. financial sector decarbonise Norges Bank Investment Management, which manages Norway’s sovereign fund, the Government Pension FundContinue…
World leaders at COP15 have set ambitious goals to address the biodiversity crisis of which the one called “the 30×30” aiming at conserving 30% of the earth’s land, inland waters, coastal areas and oceans by 2030. At present, under 8% of the world’s ocean area is legally protected while only 2.4% is consideredContinue…
Alvaro Vivanco, Head of EM and ESG Macro Strategy at NatWest Markets, explains why a sustainability-linked bond tied to level of Amazon’s deforestation (with adjusted coupon to annually upwards or downwards of deforestation) would provide the right incentives for Brazil and investors alike to tackle this major priority in theContinue…
How financing female-led businesses can improve and accelerate the way to a net-zero carbon future for people and the planet? gender equality and finance At last month’s COP27, dubbed the ‘implementation COP’, climate finance took centre stage in the ongoing work to bridge the emissions and adaptation gaps. Financial institutions willContinue…
The European Parliament and the Council of Europe reached yesterday a political agreement on the Carbon Border Adjustment Mechanism (CBAM). The CBAM is the EU’s landmark tool to put a fair price on the carbon emitted during the production of carbon intensive goods that are entering the EU, and to encourage cleanerContinue…
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…
