ECB Amends Bank Capital Reviews to Reflect Extreme Weather Risks June 17, 2025 By Frances Schwartzkopff The European Central Bank is embedding climate risk into regular reviews of how well banks can absorb losses, marking a...
European Officials Weigh Response to US Efforts to Thwart Local DEI Programs May 23, 2025 By Frances Schwartzkopff European officials are weighing how to respond to US efforts to thwart local DEI programs, as the two regions come...
Climeworks Is Cutting 22% of Staff as US Climate Backlash Hits Carbon Removal May 22, 2025 By Akshat Rathi and Coco Liu Climeworks AG is laying off 106 people, as startups that aim to reverse global warming face a reckoning with the...
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...
EU Plan to Water Down ESG Rules Risks Wave of Litigation, Legal Scholars Warn May 9, 2025 By Frances Schwartzkopff The European Union’s plan to slash the scope of new ESG regulations opens the door to a wave of litigation,...
Buyer’s Remorse Hits Finance Bosses Who ‘Overhired’ for ESG May 1, 2025 By Gautam Naik There’s a course-correction underway among financial firms that went all out on ESG hiring just a few years back, according...
What Two Oil Firm Ads Show About Where UK Regulator Draws Line on Greenwashing April 10, 2025 By Olivia Rudgard An ad for TotalEnergies SE inflated the oil company’s investments in renewable energy, misleading consumers, the UK’s advertising regulator ruled...
Deutsche Bank’s DWS Pays $27 Million in German Greenwashing Case April 3, 2025 By Karin Matussek and Arno Schütze Deutsche Bank AG’s investment arm DWS agreed to pay €25 million ($27 million) to end a long-running German investigation into...
Allianz Global Investors Scraps Nuclear, Military Exclusions to Back Europe Rearmament April 1, 2025 By Iain Withers Germany’s Allianz Global Investors has dropped two exclusions blocking its sustainable funds from investing in defense, becoming one of the...
Australian Pension Fund Fined A$10.5 Million for Greenwashing March 18, 2025 By Amy Bainbridge and Nasteho Said Australian pension fund Active Super has been fined A$10.5 million ($6.7 million) for making a number of misrepresentations about its...