Citi, S&P Global Market Intelligence and Oliver Wyman today announced that Citi has selected the S&P Global/Oliver Wyman’s Climate Credit Analytics (‘CCA’) Transition Risk model to support a variety of requirements for the bank in 2022.
/PRNewswire/ Citi, S&P Global Market Intelligence and Oliver Wyman today announced that Citi has selected the S&P Global/Oliver Wyman s Climate Credit.
With COP26 fast approaching, and the financial industry facing additional costs to comply with government actions on climate change, it needs to start asking itself some tough questions, namely: Are we acting responsibly for the future? Are we driving carbon neutrality in the businesses we finance? Are we acting as an enabler for investments to lower the cost and increase the deployment of low-car.
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U.S. financial institutions should enhance their compliance with environmental, social and governance (ESG) issues because regulators are watching
With U.S. financial regulators stepping up their oversight of environmental, social and governance (ESG) issues, financial firms would be well-advised to take steps that could ease their compliance once new rules come into force, according to legal and consulting firms.
Upcoming ESG company disclosure rules, for example, are likely to impact decision-making around bank lending and investment practices, leading to a shift away from clients who are not adhering to sustainability objectives and policies, including around climate issues. “Financial institutions should be identifying and quantifying their exposures to high-carbon industries as they determine their strategies for managing transition risk in those sectors as well as developing financing solutions to support clients