Fed paper highlights importance of double materiality
A new paper from Fed supervision committee member Kevin Stiroh has found that double materiality is important for macroprudential objectives and incorporating it into policy would constrain environmentally damaging activities.
ESMA calls for double materiality in ISSB standards
The European Securities and Markets Authority calls for double materiality in global sustainability standards, a progress report from the Financial Stability Board, sustainability guidance from the Philippines central bank and more from this week in green central banking.
Basel principles-based approach not sufficient to address climate-related risks
The high-level principle-based approach adopted by the Basel Committee fails to take into account the specific features of climate-related financial risks, argues Julia Symon of Finance Watch.
Weekly roundup: Three reasons to support double materiality
Three reasons to support double materiality from BdF staff, Eurosystem work to improve climate modelling, a call for regional Federal Reserve banks to act on climate, and more from this week in green central banking. BdF staff outline three reasons …
Weekly roundup: BoJ candidate looks to green capital spending for growth
A candidate for Bank of Japan governor discusses green capital spending as a solution to Japan’s anemic growth, an ECB paper on the importance of double materiality, the NGFS on credit ratings and more from this week in green central …
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