Tag: climate change

The Bank for International Settlements (BIS) and the MAS have recently collaborated on an innovative initiative.

FIS, a global leader in financial technology, has launched the Climate Risk Financial Modeler, a new SaaS risk offering designed to help businesses across all industries assess, reduce, and report their exposure to the physical risks of climate change.

In the realm of sustainability reporting, ESG reporting has become a crucial tool for organisations looking to support long-term value creation.

Carver Bancorp, Inc., a certified Community Development Financial Institution and a designated Minority Depository Institution, has announced the closing of a $25m revolving senior unsecured term loan with NY Green Bank.

In response to the escalating challenges posed by climate change, business leaders globally are intensifying their commitment to sustainable practices. Despite another year marked by climate extremes—including severe heatwaves, droughts, and catastrophic floods that pushed the global average temperature to 1.48 degrees Celsius above pre-industrial levels—CEOs are steadfast in their efforts to decarbonize and achieve net zero emissions.

Iceberg Data Lab, a frontrunner in climate and biodiversity data solutions for financial institutions, has successfully completed the initial close of its Series A funding, securing US$10m (£8m).

Chubb Personal Risk Services (PRS), known for its commitment to providing exceptional insurance services, has announced the launch of an innovative self-service Flood Insurance System.

Greek FinTech Hellas Direct, a pioneering force in the InsurTech industry, has successfully completed a funding round, securing €30m.

Barclays has recently announced significant revisions to its climate policy, reaffirming its commitment to advancing the global transition towards sustainable energy.

China's major stock markets, including the Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), and Beijing Stock Exchange (BSE), have introduced fresh sustainability reporting guidelines for listed companies, according to ESG Today.