Banks Face Risk of Being Sued if They Don’t Stick to Their Climate Goals: ECB September 23, 2022 Banks face the risk of being sued if they don’t stick to their climate goals or try “greenwashing” their image,...
ECB to Limit Purchases of Longer-Term Debt Issued by Climate Laggards September 21, 2022 By Frances Schwartzkopff The European Central Bank will limit purchases of longer-term debt issued by companies that rank poorly under a new scoring...
EU Urged to Simplify Life for Companies by Aligning Climate Reporting With Int’l Rules September 1, 2022 By Huw Jones The European Union should make extra time to align its policies with international rules on reporting on climate change to...
ECB Climate Stress Test Highlights $71 Billion Risk for Euro Zone Banks July 8, 2022 By Francesco Canepa A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least...
Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer Than Expected July 6, 2022 By Nicholas Comfort and Steven Arons Europe’s landmark test of banks’ resilience to global warming was far softer than many lenders had expected, according to people...
EU Weighs Measures to Bring Financial Sector into Line with Its Climate Plans: Sources June 30, 2021 By Huw Jones The European Union is considering a wide range of measures to bring the bloc’s financial sector into line with its...
EU Prepares to Get Tougher on Asset Managers that ‘Greenwash’ Sustainable Credentials March 10, 2021 By Simon Jessop and Kate Abnett LONDON/BRUSSELS – For money managers and advisers keen to market their sustainable investing credentials to European clients, going green is...