The director of the IMF’s African department speaks about the economic outlook for sub-Saharan Africa, the funding squeeze faced by much of the continent, and the necessity of increased spending on climate change adaptation.
The CEO of Carbonplace, a transaction network for carbon credits, says he has ‘the best job out there’.
How should trillions in private capital be deployed to tackle climate change and finance a green transition?
When lenders divest from coal producers and coal-reliant industries, the resulting rationing of capital leads to lower carbon emissions, says recent research from Harvard Business School.
The central bank governors of Bolivia, Chile, Colombia and Guatemala dismiss concerns about increased financial volatility at the IDB.
As the EU reaches agreement over proposals for a European green bond standard, market participants now need to focus on the main course: transition plans and company-level financing.
Often criticised, ESG ratings have an important role to play in the ESG ecosystem, but we need regulation that will improve measurement.
The governor of the Central Bank of Kuwait talks about the impact of slowing economic growth on the local banking sector, CBDCs and other digital initiatives, and the country’s nascent green finance initiatives.
Legal commentators warn banks that greenwash or whose actions appear not to meet due diligence laws are almost certain to face similar legal action.
Regulations are proving increasingly complex for UK and EU-based financial institutions, write Frederik Winter and Kim Rybarczyk.
The current system of ESG ratings that funds rely on to comply with the Sustainable Finance Disclosure Regulation is only leading to greenwashing.
A report exploring the sustainability progress of 30 European and North American banks shows a need for renewed focus on strategy and risk management.
Many have high hopes for presumptive World Bank head Ajay Banga.
Do banks need a climate transition plan?
Your quick guide to the week ending March 3, 2023, on TheBanker.com.
Three non-profits are suing BNP Paribas for taking insufficient action to end fossil fuel financing, though the bank insists its strategy of reducing oil and gas exposure is ‘largely on track’.
Of 500 organisations surveyed who are “most exposed to deforestation risk in their supply chains and investments”, 40% have not set a single policy on deforestation.
Environmental, social and governance criteria are three separate goals that do not necessarily go hand-in-hand, says a Commerzbank white paper.
While conservation urgently needs investment, creating nature-related financial markets holds its own challenges and cannot be seen as a panacea.
We should err on the side of caution when risk-weighting climate-exposed assets, but delaying action in its regulation is making a difficult problem worse.