banking

Prudential Regulation Authority puts action on climate risk among its top priorities for global banks in 2022

European Central Bank has urged banks to step up their climate risk assessments, after major benchmarking exercise reveals sector is poorly prepared for escalating impacts

Dozens of peers and MPs pen letter to Bank of England Governor Andrew Bailey urging him to tighten rules for fossil fuel financing ahead of pivotal COP26 Climate Summit

Fresh criticism of a contentious sustainable finance report published by BlackRock for the European Commission adds to the long-running debate over how best to deliver a greener future for the finance sector

Free-to-use module is launched by UN-backed Natural Capital Finance Alliance, as Green Finance Institute publishes recommendations for how UK finance can help develop a nature-positive economy

First ever analysis of financed emissions of global asset managers, owners, insurers and banks from CDP reveals financial players are systematically underestimating their exposure to climate risk

GFANZ aims to ensure commitments across all parts of the financial sector are ‘coordinated and ambitious’, but campaigners warn scheme falls short of aligning sector's activity with global climate goals

Institutional Investors Group on Climate Change calls on banks to back their net zero pledges with moves to halt support for fossil fuels and activities that drive deforestation

Lawyers allege European Central Bank's quantitative easing programme undermines the EU’s emission reduction commitments because it favours high emitting companies

Fossil fuel financing declined by nine per cent in 2020 amid the economic downturn, but campaigners warn overall trend is 'one heading definitively in the wrong direction'