“Executive Summary: “Sovereign portfolios are not immune from climate and sustainability risks. A meaningful part of central bank investments consists of sovereign bonds or quasi-sovereign debt securities, such as sub-sovereign […]
Bank of America Securities: The $275 trillion business imperative
“As consumers, policy makers, and partners push for action on carbon reduction, businesses in all sectors need to plan how they’ll pivot their operations. “Estimates on the capital needed to […]
Central Banks Press Release: NGFS launches a Call for Expression of Interest for the Analytical Implementation of Short-term Climate Scenarios
“The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) is exploring the development of short-term climate scenarios to complement its existing scenario framework of long-term climate […]
New Zealand introduces climate change law for financial firms in world first
New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister […]
How global banks profit from rainforest destruction and human rights abuses
Introduction The destruction of the world’s rainforest fuels the global climate emergency and comes at a devastating cost for forest communities, who defend and depend on them. Through their backing […]