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Central banks & regulators

RI speaks to SFAC chair Kathy Bardswick, and Barbara Zvan, who chaired its taxonomy group, to discuss progress and challenges for Canadian sustainable finance as the group concludes its work.
European Systemic Risk Board says tweaks to IFRS accounting standards could improve climate disclosures, while ESMA has separately proposed new ESG disclosure requirements for CRAs.
The latest developments in sustainable finance: National Bank of Belgium adopts EU Climate Transition Benchmark; Iceberg Data Lab raises $10m in Series A funding.
Kramer, who recently left PGGM, will join the Sustainable Finance Lab in June.
Aside from changing lending practices, research found little evidence of other climate-aligned outcomes.
At the same time, banks were also found to be 'highly exposed' to transition risk.
The topic has drawn attention from regulators following the release of PCAF’s voluntary standard.
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The rules largely mirror the TCFD reporting structure, in addition to bank-specific KPIs.
Market participants asked whether additional transition reliefs should be introduced as phased-in implementation with some exemptions is proposed.
The latest ESG movers and shakers: TPG poaches GSAM’s Lebovitz for head of climate business; Mackenzie announces departure from abrdn.

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