stress test

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

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

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

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

All the green business news from around the world this week

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

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