Nominations are being sought for the newly created International Sustainability Standards Board to oversee the development of global sustainability disclosure standards to provide quality data and international comparability to investors and financial regulators.
The researchers outline a method by which the emissions associated with an otherwise passive portfolio could be cut by 64% over a 10-year period.
As the climate and ecological crises continue to accelerate, central banks have made slow progress in addressing their role as calls grow to stop the funding of the destruction of the natural world.
A surge in green finance regulation, protests at Bank of England inaction on bank funding of fossil fuels, sustainable finance statistics and calls for the Basel Committee on Banking Supervision to publish global guidance on climate risk.
Biodiversity-related disclosures, Kuroda on climate finance, mindset shifts and humility, a new Bundesbank president and more in this week’s roundup of the news in green central banking.
The climate crisis and global stagflation, gender diversity’s effect on emissions, TNFD developments, the Bank of Japan’s green lending facility and more from this week in green central banking.
Academics, economists and civil society organisations are calling for regulators to introduce ‘one-for-one’ capital requirements for financial institutions funding new fossil-fuel projects, similar to the Basel Committee’s proposals for cryptoassets.
ECB economists find evidence of climatic effects on price stability, US regulators begin to face climate risk, Biden’s nomination for Fed chair and more from this week in green central banking.
The Basel Committee has proposed 18 principles to improve climate-related financial risk management by international banks and financial supervisors, including that banks should incorporate climate risks into their capital and liquidity adequacy assessments.
NGFS chair Frank Elderson announces further work on monetary policy analysis, PBoC’s Yi Gang reveals new monetary policy analysis, plus more from the Cop26 finance day.
The European Central Bank is examining a climate risk buffer requirement and climate risk weight policies in response to unaddressed systemic climate risk to the banking and financial sectors, reveals the latest issue of the central bank’s Macroprudential Bulletin.
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