25 August 2023

Breaking news – Sustainable Finance

What’s new in sustainable finance?

Every week, Carbon4 Finance shares the latest headlines in sustainable finance.

New Zealand Central Bank will assess top banks’ exposure to climate risks thanks to a new climate risk test. It will focus on three types of risks: transition risk, physical risk, and economic impacts and factors in extreme weather events and high transition costs.

UK government officials announced that requirements for company disclosure on climate change should be aligned with ISSB disclosure standards to help support “the efficient allocation of capital, and smooth running of the UK’s capital markets”.

Study from sustainability consulting firm ERM, advocacy group Ceres, and carbon accounting firm Persefoni found that in 2019, US insurers invested a total of $536 billion in fossil fuel companies, which are directly contributing to increased climate risk in the sector.
Lawsuits to block the US Securities and Exchange Commission (SEC) final rule for climate risk disclosures will quickly follow its release, according to analysts at Jefferies.

The poll

Low-carbon strategies