During New York Climate Week, the UN released a report which presents a stark warning for financial institutions.
Latest articles from ESG & sustainability
Current approaches to taxonomies risk limiting their impact
September 26, 2022Without a single global taxonomy, clarity will be crucial — along with information that is consistent, comprehensive, and comparable across geographies and regulatory requirements.
Lending in a landscape of uncoordinated climate policies
September 23, 2022With the stringency of climate policy varying from one country to the next, how are banks taking advantage of this lack of coordination?
Werner Hoyer: Decarbonisation a security issue
September 23, 2022The European Investment Bank can play a vital role in drawing investment to projects that diversify Europe’s energy supplies.
Elizabeth Mrema: Businesses must prepare for greater scrutiny over nature-related risks
September 22, 2022Nature-related risks are the next frontier for achieving genuinely sustainable finance and business practices, and soon the regulation will follow, argues the co-chair of the Taskforce on Nature-related Financial Disclosures and executive secretary of the Convention on Biological Diversity.
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Vancity tops Sustainable Banking Revenues Ranking
September 22, 2022The new ranking, produced with Corporate Knights, analyses the share of banking revenues derived from sustainable activities.
EU banks face new deforestation financing rules
September 16, 2022As the world’s forests vanish faster than ever, the European Parliament moves towards tighter due diligence rules. But how effective are they?
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More effort needed to reach 1.5°C climate target
September 13, 2022Ahead of the next COP27 meeting in November, research has found that no G7 country has a corporate sector likely to decarbonise fast enough to meet the Paris Agreement’s goal.
Banks too must prepare for the flood
September 12, 2022As climate change threatens increased risk of floods, banks and insurers have a responsibility to galvanise their insurance policies.
Why US banks must be clear about the importance of ESG
September 5, 2022A Republican push-back against ESG could force banks to choose between red and blue states, in spite of poor outcomes in Texas.