All the way to zero: guiding banks towards a carbon-neutral Europe
Keynote speech by Frank Elderson, Vice-Chair of the Supervisory Board and Member of the Executive Board of the ECB, at the conference on “The Role of Banks in Greening Our Economies” organised by the European Bank for Reconstruction and Development and Hrvatska narodna banka
Frankfurt am Main, 29 April 2021
It is a great honour for me to be with you today to discuss the role of banks in greening the economy. And I am very happy to delve into the topic of climate change at an event co-organised by the European Bank for Reconstruction and Development (EBRD) – an institution whose own work remarkably exemplifies what international cooperation can achieve in supporting the greening of the economy. Your commitment to meeting the goals set under the Paris Agreement is outstanding. It offers great inspiration to all of us in European institutions who are just as adamant about doing the same. As many of you know, cl
Source: European Central Bank
Keynote speech by Frank Elderson, Vice-Chair of the Supervisory Board and Member of the Executive Board of the ECB, at the conference on “The Role of Banks in Greening Our Economies” organised by the European Bank for Reconstruction and Development and Hrvatska narodna banka
Frankfurt am Main, 29 April 2021
It is a great honour for me to be with you today to discuss the role of banks in greening the economy. And I am very happy to delve into the topic of climate change at an event co-organised by the European Bank for Reconstruction and Development (EBRD) – an institution whose own work remarkably exemplifies what international cooperation can achieve in supporting the greening of the economy. Your commitment to meeting the goals set under the Paris Agreement is outstanding. It offers great inspiration to all of us in European institutions who are just as adamant about doing the same. As many of you know, climate change considerations feature pr
Fed Res, BoE, IASB call for cleaner climate-related financial disclosures
Regulators outline importance of transparency and the challenges in developing a standardised framework by Jeremy Chan - April 23, 2021
Regulators from the Federal Reserve, Bank of England (BoE) and the International Accounting Standards Board (IASB) have stressed the importance in developing common standards to climate-related financial disclosures.
“Climate change and broader sustainability issues are urgent global challenges,” said Sue Lloyd, vice chair of the IASB, while speaking at the IIF’s sustainable finance summit.
“Reporting on sustainability has become increasingly important in capital markets and although there are already many good initiatives in this area, there’s been an increased call from investors and others for more consistency, comparability and reporting about sustainability internationally.”
Planetary Emergency, Central Banks And The Financial System (1/2) forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
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When we published our last climate change update earlier this month, it was probably a safe bet that the last few weeks of the month would continue to be active. That was an understatement. Before summarizing the New York Department of Financial Services (DFS) March 25 “Proposed Guidance for New York Domestic Insurers on Managing the Financial Risks from Climate Change” (Proposed Guidance), we should consider developments in multiple jurisdictions that form the backdrop for the DFS’ action.
IN DEPTH
Department of Labor
On March 10, the Department of Labor announced that it would not be enforcing a Trump-era regulation that had sought to limit the ability of those managing retirement plan assets to select environmental, social and corporate governance (ESG) funds.