Sabine Mauderer and Fundi Tshazibana have been appointed as the new chair and vice-chair of the Network for Greening the Financial System.
The EBA has issued a consultation for proposed rules that would require banks to have capital-based transition plans.
MAS chief Chia Der Jiun hopes a new sustainable finance body will boost Singapore’s status as a green finance hub.
The Bank of Russia has outlined how public companies should approach sustainable development and climate transition plans. …
Climate remains part of the Bank of England’s work, despite the UK government downgrading it in the central bank’s remit. …
The EU has agreed to temporarily exclude financial institutions from corporate due diligence requirements, but banks will be required to submit transition plans. …
The EU plans to give the ECB more power over banks’ climate transition plans, including the ability to reinforce actions and targets.
The lack of clarity around net-zero commitments could lead to litigation, reputation and supervision risk, according to an ECB research paper.
Oil and gas producers must step up clean energy investment according to the IEA, while Largarde says the ECB is steadfast on climate, plus more in the latest roundup.
A Monetary Authority of Singapore-led artificial intelligence platform will use national data on buildings to identify greenwashing in real estate loans. …
While there is no standard definition of a just transition, it usually refers to taking into account those impacted by the move to a net-zero economy, which some say is essential.
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