banking

'Further work required': Bank of England raises alarm over financial industry's inconsistent approach to climate risk

BusinessGreen

'Further work required': Bank of England raises alarm over financial industry's inconsistent approach to climate risk

Prudential Regulation Authority puts action on climate risk among its top priorities for global banks in 2022

clock 13 January 2022 • 2 min read
'Serious prudential risk': How EU banks' climate risk provisions are threatening European financial stability

Investment

'Serious prudential risk': How EU banks' climate risk provisions are threatening European financial stability

European Central Bank has urged banks to step up their climate risk assessments, after major benchmarking exercise reveals sector is poorly prepared for escalating impacts

clock 24 November 2021 • 6 min read
MPs urge Bank of England to step up green investment and regulate fossil finance

Investment

MPs urge Bank of England to step up green investment and regulate fossil finance

Dozens of peers and MPs pen letter to Bank of England Governor Andrew Bailey urging him to tighten rules for fossil fuel financing ahead of pivotal COP26 Climate Summit

clock 16 September 2021 • 4 min read
Can improved ESG data, definitions, and standards really 'green' the banking sector?

Investment

Can improved ESG data, definitions, and standards really 'green' the banking sector?

Fresh criticism of a contentious sustainable finance report published by BlackRock for the European Commission adds to the long-running debate over how best to deliver a greener future for the finance sector

clock 01 September 2021 • 9 min read

Biodiversity

ENCORE: UN launches new tool to help banks and investors gauge their exposure to biodiversity destruction

Free-to-use module is launched by UN-backed Natural Capital Finance Alliance, as Green Finance Institute publishes recommendations for how UK finance can help develop a nature-positive economy

clock 25 May 2021 • 4 min read

Investment

'On top of providing green finance, the finance sector must become green': Why the world's financiers must sharpen their climate reporting

First ever analysis of financed emissions of global asset managers, owners, insurers and banks from CDP reveals financial players are systematically underestimating their exposure to climate risk

clock 27 April 2021 • 7 min read

Investment

Glasgow Financial Alliance for Net Zero: Mark Carney to chair net zero umbrella forum for global financial sector

GFANZ aims to ensure commitments across all parts of the financial sector are ‘coordinated and ambitious’, but campaigners warn scheme falls short of aligning sector's activity with global climate goals

clock 21 April 2021 • 6 min read

Investment

Investors managing $11tr of assets urge banks to curtail fossil fuel financing

Institutional Investors Group on Climate Change calls on banks to back their net zero pledges with moves to halt support for fossil fuels and activities that drive deforestation

clock 18 April 2021 • 4 min read

Policy

ClientEarth sues Belgian National Bank over high-carbon corporate lending policies

Lawyers allege European Central Bank's quantitative easing programme undermines the EU’s emission reduction commitments because it favours high emitting companies

clock 13 April 2021 • 3 min read

Investment

'Fuelling climate chaos': How big banks poured $750bn into fossil fuels during the pandemic year

Fossil fuel financing declined by nine per cent in 2020 amid the economic downturn, but campaigners warn overall trend is 'one heading definitively in the wrong direction'

clock 24 March 2021 • 8 min read
Most read
01

Study: Global EV market share tops 17 per cent, as petrol and diesel sales stall

26 November 2024 • 4 min read
02

KPMG: 95 per cent of world's biggest 250 firms already publishing carbon targets

26 November 2024 • 4 min read
03

Government urged to extend life of nuclear power plans to help meet 2030 clean power goal

26 November 2024 • 5 min read
04

EV charging firms warn government against 'foolish' ZEV mandate changes

26 November 2024 • 6 min read
05

Shilpika Gautam: 'It's optimism that fuels resilience and keeps us going'

26 November 2024 • 7 min read