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stress test

Feeling stressed? Bank of England warns climate risks to become 'persistent drag' on profitability

Risk

Feeling stressed? Bank of England warns climate risks to become 'persistent drag' on profitability

A top HSBC executive may have downplayed the threat posed by climate risks, but the Bank of England's new stress test exercise suggests financial firms' profits would be hit

clock 24 May 2022 • 8 min read

Investment

The Bank of England needs to act on - not just stress-test - the risks posed by climate change

Our economy, environment and society are already stressed to their limits by Covid-19 and the climate emergency - now is the time for action, argues Lukasz Krebel of the New Economics Foundation

clock 09 June 2021 • 5 min read

Investment

Feeling stressed? How the Bank of England climate stress-test could help accelerate decarbonisation efforts

Central Bank unveils climate scenarios for scaled-back 'exploratory exercise' to test financial system's readiness for physical and transitional risks

clock 08 June 2021 • 6 min read

Policy

'Pioneering exercise': New Bank of England Governor to oversee climate stress-test

Andrew Bailey will take over at helm of UK's central bank in March, replacing Mark Carney who has been instrumental in pushing for climate risk transparency

clock 20 December 2019 • 4 min read

Management

Global briefing: General Motors plans $2.3bn investment in giant battery factory

All the green business news from around the world this week

clock 06 December 2019 • 3 min read

Investment

Come clean on climate risk or face mandatory disclosure rules, Carney tells business

Bank of England governor warns firms have two years to improve their reporting on climate risk or regulators will impose rules

clock 09 October 2019 • 2 min read

Investment

Report: Banking sector's commitment to tackling climate risk only 'skin deep'

Research from $2tr investor group reveals significant shortcomings in how banks are managing climate risk

clock 15 February 2018 • 2 min read
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