Tag: Climate risk

Once relegated to the background, supply chain management has now made its way into the heart of corporate board discussions. So what exactly are the supply chain concerns that can command board-level attention and how can these be effectively addressed? RegTech giant Moody's Analytics has undertaken the challenge to answer this. 

The IASB has launched a new project aimed at exploring changes to requirements for firms to disclose climate risks in financial statements.

The EU’s financial regulators are planning to carry out a system-wide analysis of the financial sector’s climate-related risk resilience.

The US Federal Reserve has released details for its first climate scenario analysis exercise for the six largest US banks.

CaixaBank has launched its Climate Risk Unit as part of its Sustainability Directorate, which has seen it bolster its commitment to sustainability.

Zesty.ai, a predictive data analytics service for climate risk, has received $10m in venture debt from US spend management decacorn Brex.

A recent assessment by the European Central Bank (ECB) on the progress European banks are making in disclosure climate risks has revealed a lot more is yet to be done on this front.

Climate risk stress tests by the Hong Kong Monetary Authority (HKMA) have found climate risks could cause significant adverse impacts on the banking sector under extreme scenarios.

Taiwan’s Financial Supervisory Commission (FSC) has issued guidelines for banks and insurers on the climate risk disclosures they will be required to make from 2023 onwards.

The Basel Committee on Banking Supervision (BCBS) has issued a public consultation on the principles for the management and supervision of climate-related financial risks.