Tag: Climate risk
Climate disclosures to become mandatory in Japan from April 2022
Japan’s Financial Services Agency (FSA) has revealed it intends to make climate disclosures mandatory for large Japanese companies from April next year.
ECB stress test reveals potential climate peril for European banks
A climate stress test by the European Central Bank (ECB) has found firms based in areas most open to physical risk could see their creditworthiness impacted by climate change.
Banks and asset managers not yet prepared to meet climate risk...
A barometer measuring the climate risk preparedness of the global banks and asset managers has found a lot still needs to be done in terms of practical implementation.
Singapore’s SGX unveils paper proposing mandatory climate reporting
The Singapore Exchange Regulation (SGX RegCo) has published a consultation paper that is suggesting bolstering disclosure requirements for company around climate risk.
US teams with Singapore to tackle cybersecurity, sustainable finance challenges
The US and Singaporean governments have entered into a new cooperation agreement to partner in the key areas of cybersecurity, the economy and the climate.
Hong Kong’s SFC introduces climate risk requirements for fund managers
Hong Kong’s Securities and Futures Commission (SFC) will require fund managers to take climate-related risks into consideration in their future investment and risk management processes.
NatWest unveils carbon footprint feature aimed at tracking user climate impact
NatWest has launched a new carbon footprint tracking feature for its app users to help customers lower the climate impact of their spending.
Bank of England initiates climate stress tests to explore risks
The Bank of England (BofE) has kicked off its Climate Biennial Exploratory Scenario (CBES) to scrutinise the risks that could be incurred from climate change.
EBA publishes findings of EU-wide bank climate risk exercise
The European Banking Authority (EBA) has published the findings from its first EU-wide pilot exercise on banks’ exposures to climate risk.
Climate risk company Jupiter raises funding from pair of P&C insurers
Jupiter, a predictive data and analytics platform for climate risk, has received an undisclosed investment from a pair of property and Casualty insurance companies.