Climate Risk
US Hires Chief Climate Risk Officer, Financial Institutions Ramp up Climate Hires, and More
The top five climate risk stories this week US regulator hires chief climate risk officer US bank watchdog the Office of the Comptroller of the…
Financial Institutions Should Wise Up to Climate-Related Sovereign Risks
Climate threats to sovereigns’ creditworthiness are on the rise. Are financial institutions on top of their exposures? Pakistan. China. Kenya. Each country is grappling with…
Federal Reserve to Run Climate Analysis, Central Banks Publish New Scenarios, and More
The top five climate risk stories this week Federal Reserve to run climate analysis of major lenders The Federal Reserve will assess how much Wall…
Weekly round-up: August 29 -September 2
The top five climate risk stories this week 1) Climate risk rules proposed for top UK pension scheme The UK government wants the country’s largest…
Weekly round-up: August 22-26
The top five climate risk stories this week 1) Texas blacklists financial institutions over fossil fuel policies Texas has banned state pension funds from investing…
Rabobank’s woes herald a new phase in climate transition risk management
The creditworthiness of high transition risk borrowers may degrade as more ambitious climate policies are enacted Rabobank is the new poster child for climate transition…
Weekly round-up: August 15-19
The top five climate risk stories this week 1) Republicans blast ESG fund rules Proposed rules that would force US investment funds to disclose ESG-related…
Why climate models struggle with acute physical risks
Climate models have a major blind spot: they can’t see extreme weather-related risks. This is a big problem for financial institutions, since these kinds of…
Weekly round-up: August 8-12
Weekly round-up: August 8-12 1) GFANZ publishes guide on portfolio alignment metrics The world’s largest climate finance initiative wants to improve how financial institutions track…
Weekly round-up: August 1-5
The top five climate risk stories this week 1)Worst-case climate scenarios “dangerously underexplored” Extreme climate change outcomes are “under-studied and poorly understood,” a group of…