Mass exodus of US, Canadian banks does not need to dampen efforts by remaining members to align with net zero, experts agree.
New framework will increase expectations on deforestation and fossil fuels while raising financial institutions' climate-related ambition.
Disputes in European courts are beckoning a new dawn in corporate climate reporting, according to Gerben Schreurs, Partner, Forensic Risk Alliance.
As well as the finalised transition framework for financial institutions, GFANZ issues updates on portfolio alignment metrics and policy levers.
Lenders should assess whether financed projects meet ICMA criteria and align with sectoral pathways.
The absence of standardised rules and consistent approaches, combined with a fast-evolving regulatory environment, requires asset managers and banks to be fleet-footed...
Climate risk analysis typically entails the development of scenario-based stress tests for assessing bank solvency and liquidity, using bank level data.
Without early action, the UK’s largest banks and insurers would suffer climate-related losses worth US$418 billion by 2050.
Central bank aims to provide financial support for renewable energy sources.
Seven Russian banks will likely be cut off from SWIFT; Japan will freeze Russia’s yen reserves; Korea will suspend transactions with seven...
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