Insurers Must Be Better Prepared for Impact of Climate Change: BoE
Insurers need to plug data gaps to be better prepared for the impact of climate change on their operations and further work may be needed on how much
Source: insurancejournal.com
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Banks face stress tests for climate change next year
Taiwan’s banks are to undergo mandatory climate-change stress tests for the first time next year to measure the impact of a range of possible environmental catastrophes on the lenders’ assets. The tests’ content would be finalized before the end of this year, Banking Bureau Deputy Director-General Roger Lin (林志吉) said in an interview on Tuesday. The Financial Supervisory Commission plans to conduct the tests in the first half of next year with the results to be published in June. The commission has authorized Taiwan’s banking association to develop the tests, which it is to rece...
Source: taipeitimes.com
ESG investing has been upended by the war in Ukraine and claims of greenwashing
Defence, oil and gas companies are back on the table for ESG investors as Russia’s invasion and greenwashing scandals force a reckoning for sustainable funds.
Source: afr.com
Trust this expert when she says we can't adapt our way out of climate crisis | Canada's National Observer: News & Analysis
Katharine Hayhoe says the world is heading for dangers people have not seen in 10,000 years of civilization.
Source: nationalobserver.com
Banking bungles in sustainability bunfight | Asia Asset Management
Upsets at the asset management arms of HSBC and now Deutsche Bank suggest that banking culture badly needs to play catch-up over sustainability concer...
Source: asiaasset.com