Transition Pathway Initiative analysis has found that global banks are not disclosing enough data to shareholders, with very few committing to end fossil fuel investments.

The ECB’s second climate stress test found that a faster transition towards a green economy would cost less than delaying the move. …

The guide seeks to create a shared language of nature-related financial risks to navigate the challenges faced by central banks and supervisors.

Indonesia’s financial regulator is revising its green taxonomy and considering expanding its green label to loans given to coal-fired power plants supplying sustainable companies.

The central bank of Hong Kong has published guidelines for integrating climate risks into supervisory processes in preparation for transitioning to net zero.

Twin reports shed light on growing climate litigation risks, which have been praised by the ECB’s Frank Elderson.

Responses to draft disclosure standards reveal split on whether ISSB should prioritise biodiversity or social issues. …

Michele Bullock’s speech highlighted the growing uncertainty posed by climate change which may force central banks to “re-examine” how to control inflation. …

The costs of extreme weather are hitting economies, with the tourism sector particularly vulnerable. One report estimates 0.6% of GDP has already been wiped off in 2023.

Other than a mention by ECB president Christine Lagarde, climate change was not on the agenda at this year’s Jackson Hole summit. …

The proposed guidance from the South African Reserve Bank would require banks to integrate climate and litigation risk into their risk frameworks. …