Weekly Round-Up
Canada Banks Failing on Net-Zero Goals, Goldman Sachs Charged for ESG Failures, and More
The top five climate risk stories this week. Canada banks failing on net-zero goals None of the six largest Canadian banks are on track to…
Climate Scenario Exercises Lowball Risks, CPPIB Will Dump Net-Zero Laggards, and More
The top five climate risk stories this week. Climate scenario exercises lowball risks, global regulators say Climate risks to the financial system are “likely understated”…
Regulating Net Zero Pledges, Few Banks Have 2030 Climate Targets, and More
The top five climate risk stories this week. Regulate net zero pledges, UN panel says Financial institutions’ net-zero commitments should be policed by national regulators…
GFANZ’s Transition Planning Framework, ISSB to Mandate Scenario Analysis, and More
The top five climate risk stories this week. ECB hikes banks’ capital charges over climate failings The European Central Bank (ECB) says some lenders saw…
UK Anti-Greenwashing Rules Proposed, RBC & Deutsche Bank’s Emissions Targets, and More
The top five climate risk stories this week. Climate finance alliance loosens ties with UN net-zero campaign The Glasgow Financial Alliance for Net Zero (GFANZ)…
VW Sued Over Climate Disclosure Failures, ISSB Emissions Disclosure Requirements, and More
Banks don’t have to halt fossil fuel financing, net-zero alliance says Banks that are part of the world’s largest climate finance alliance don’t have to…
Asset Managers, Owners Lack Data, Systemic Climate Risks, and More
The top five climate risk stories this week. Asset managers, owners lack data for climate reports — TCFD Two-thirds of asset managers and owners surveyed…
US Establishes Climate Risk Group, Climate Risks Ignored in Disclosures, and More
The top five climate risk stories this week. US financial regulators establish climate risk group The Financial Stability Oversight Council (FSOC), a panel of federal…
US Banks Take Part in Climate Scenario Analysis, UK Pension Funds to Adopt Alignment Metrics, and More
The top five climate risk stories this week Six US banks to take part in Federal Reserve climate scenario analysis Wall Street banks will undertake…
GFANZ May Splinter Over Legal Risks, NYC Finance Chief Rebukes BlackRock, and More
The top five climate risk stories this week GFANZ may splinter over legal risks US banks may walk away from the world’s largest climate finance…