Breaking news – Sustainable Finance - July 2023

What’s new in sustainable finance?

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

A report by the Institute and Faculty of Actuaries and the University of Exeter finds risk models used by 114 central banks and financial supervisors to assess transition risks “implausible”. Some risk assessment models do not include “impacts related to extreme weather, sea-level rise or wider societal impacts from migration or conflict” and predict better financial performances in “hothouse” scenarios.

Due to insufficient ambition on climate target reductions from Oil and Gas companies, the Church of England will withdraw investments in all big majors of the sector to “follow science and faith”.  

As part of its effort to fight climate change, Australia’s treasury is planning on enforcing financial disclosures for both companies and financial institutions.

To the question : Which news do you find the most important ?

• 64% have responded : Climate risk model implausible
• 22% : Australia mandatory reporting
• 14% : Church of England divesting

The poll