FINANCIAL SYSTEM – ESG Investor

The ESG Interview: Root-and-Branch Response to Environmental Crime

Financial institutions face legal battles if they fail to enforce crime-free value chains, warns Simon Zadek, Chair of Finance for Biodiversity.

FSB highlights areas for further attention in annual stocktake on progress to address climate-related financial risks.

60% of banks don’t have a climate risk stress testing framework; only 20% consider climate risk when granting loans.

Principles for banks and financial supervisors aim to strike balance between improving practices and providing common baseline.

New reports shed light on how climate risks are taken into account by financial institutions and affect credit ratings.

Report offers recommendations for monitoring, managing and mitigating climate-related risks to promote consistent approaches.

Financial institutions told to encourage stakeholders to focus their financing activities on achieving economy-wide decarbonisation.

Physical and transition risks linked to biodiversity loss will be harder for the financial industry to assess than for climate change, according...

Proposed framework identified four elements of climate risk that may adversely impact clearing houses and intermediaries.

Defaults in thermal power, steel and cement sectors may increase if companies in those sectors do not shift to low-carbon alternatives.