News

Ravi Menon speaking at a conference lecturn
News| September 15, 2023

NGFS publishes conceptual framework for nature-related financial risk

The guide seeks to create a shared language of nature-related financial risks to navigate the challenges faced by central banks and supervisors.
A blue and yellow macaw perched on a branch, extending its right wing
News| September 5, 2023

Consultation reveals divergent views on ISSB’s next priority topic

Responses to draft disclosure standards reveal split on whether ISSB should prioritise biodiversity or social issues. …
An aerial view of a beach dotted with sunbathers and umbrellas
News| August 31, 2023

The economic costs of 2023’s extreme weather… so far

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.
The Trinidad and Tobago flag painted on a brick wall
News| August 23, 2023

Trinidad and Tobago set to include climate in risk assessments

Trinidad and Tobago’s financial stability report says climate risks may pose macrofinancial challenges and will be included in its financial supervision.
The EU flag billowing in the wind against a blue sky
News| August 10, 2023

European Commission adopts ESRS draft despite investor concerns

The EU Commission has adopted the draft text of the European Sustainability Reporting Standards (ESRS), which has fuelled increasing concern about how investors should address their disclosure obligations on topics their investee companies classify as non-material. Virtually all disclosures mandated …
Wind farm at sunset
News| August 7, 2023

Securities regulator IOSCO endorses ISSB standards

The endorsement ‘sends a powerful signal’ for the global adoption of the ISSB sustainability and climate-related disclosure standards. …
Three skyscrapers surrounded by lower buildings, shrouded in dusk and illuminated by street lights. The sky behind coloured is deep purple and pink by the sunset.
News| June 14, 2023

Philippine corporate governance requirements ‘adequately cover’ green finance goals

Philippine corporate governance is in line with regulators’ sustainable finance goals, according to the country’s financial regulation forum. …
Road sign saying 'Electric vehicle charging only'
News| June 13, 2023

NGFS publishes stocktake on transition plans

The NGFS publishes findings on the role of central banks and supervisors in transition planning and commits to “a concerted push” for transition planning and blended finance. …
A flamingo sat in water, its chest and wing feathers puffed out
News| May 19, 2023

S&P releases biodiversity and nature risk dataset

S&P Global has developed a dataset which will enable central banks to assess the financial risks associated with ecosystem decline.
Opinion
The Silicon Valley Bank logo on a glass wall, behind which a person is standing in an office space.
News| May 18, 2023

Fed urges caution in wake of Silicon Valley collapse, so what about climate?

In the wake of the Silicon Valley Bank collapse, the Fed has said a precautionary approach towards risk is needed. Will this be applied to climate-related risk, ask Anne Perrault and David Arkush of Public Citizen.
Crowds in a Tokyo street at night, illuminated by colourful neon signs
News| November 29, 2022

BoJ admits operations are subject to carbon bias

The Bank of Japan says it is taking steps to correct a potential carbon bias in its operations, but critics claim its actions are inadequate.

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