Global Banking Regulators Agree to Prioritize Climate Risk Work May 13, 2025 By Virginia Furness Global banking regulators on Monday agreed to intensify efforts to better understand the financial risks posed by climate change amid...
ING Becomes First Globally Important Bank to Meet Climate Watchdog Standards March 27, 2025 By Virginia Furness and Simon Jessop ING has become the first systemically important global bank to have its climate goals validated as being in line with...
US SEC Will Not Defend Climate Rule in Court February 12, 2025 By Isla Binnie, Virginia Furness and Jonathan Stempel The acting chair of the U.S. Securities and Exchange Commission on Tuesday signaled the regulator may roll back a controversial...
Update: Auditors Get Tougher Guidelines on Judging Firms’ Environmental Claims January 27, 2025 By Simon Jessop and Virginia Furness International auditors have been given new guidance on what to check when assessing firms’ environmental, social and governance claims –...
Goldman Sachs Quits Global Climate Coalition for Banks December 6, 2024 By Simon Jessop and Virginia Furness Goldman Sachs said it has quit a sector coalition aimed at aligning bank lending and investment activities with global efforts...
Lloyd’s of London Must Stop Supporting Fossil Fuel Expansion, NGO Says October 10, 2024 By Virginia Furness The Lloyd’s of London market is undermining climate action and should impose binding rules to prevent insurers supporting fossil fuel...
Right-Wing Political Tilt in Countries Across Globe Will Not Derail Climate Action July 2, 2024 By Simon Jessop, Susanna Twidale and Virginia Furness A political tilt to the right in Europe and a potential Trump presidency in the U.S. will not derail climate...
Investor Climate Group Sets Target for Assets in Private Equity, Debt April 18, 2024 By Virginia Furness and Simon Jessop The world’s leading group of asset owners committed to turning their investment portfolios green said on Thursday it had set...
Finance Firms Managing $136T in Assets Urge Boards for More Environmental Data March 13, 2023 By Virginia Furness and Simon Jessop Financial institutions managing $136 trillion in assets will this week call on companies to share more data on their environmental...
African Insurers Pledge $14 Billion of Cover for Climate Disaster Risks November 9, 2022 By Virginia Furness and Simon Jessop A group of over 85 insurers in Africa has pledged to create a financing facility to provide $14 billion of...