Tagged: climate change

Sustainability Investments are Trending Upwards According to Report

Deloitte’s 2024 CxO Sustainability Report: Signs of a shift in business climate action shows that climate change remains a top three issue for global C-suite level business leaders (CxOs), surpassing political uncertainty, competition for talent, and the changing regulatory environment, among others. A key indicator… Read More

NYDFS Adopts Guidance for State-Regulated Banking and Mortgage Institutions to Address Climate Change Risks

Governor Kathy Hochul recently announced that the New York State Department of Financial Services adopted guidance for New York State-regulated banking and mortgage institutions in order “to help them manage their material financial and operational risks associated with climate change.” Governor Hochul said: “Climate change… Read More

European Central Bank and ESRB Release Report on Impact of Climate Change on EU Financial System

The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) published a joint report on the impact of climate change on the European Union (EU) financial system. The report sets out detailed frameworks for “addressing risk to the financial system by (i) gathering… Read More

Monetary Authority of Singapore, Temasek, Others to Form Green Investments Partnership to Address Climate Finance

Allied Climate Partners (ACP), International Finance Corporation (IFC), the Monetary Authority of Singapore (MAS) and Temasek announced the intent to establish a green investments partnership in order “to address climate finance gaps and increase the bankability of green and sustainable projects in Asia, with an… Read More

Financial Stability Board (FSB) Releases Progress Report on Climate-Related Disclosures

The Financial Stability Board (FSB) published its annual progress report on climate-related disclosures. The report has been delivered to G20 Finance Ministers and Central Bank Governors for their 11-12 October 2023 meeting. The FSB welcomes the publication of the ISSB Standards, which will “serve as… Read More

Real Estate: Majority of Home Buyers Consider Climate Risks when Looking for New Home, Report Claims

More than 4 out of 5 prospective home buyers consider climate risks as they shop, new Zillow (NASDAQ: Z and ZG) research shows. Most say their major concern “is flood risk, followed by wildfires, extreme temperatures, hurricanes and drought.” Zillow senior population scientist Manny Garcia… Read More

Brazil Is Facing Climate Financing Challenges, New Report Reveals

Brazil will require an estimated $200 billion (BRL 1 trillion) investment to reach its 2030 climate goals, according to a new study released by the World Economic Forum. That’s over $100 Billion USD more “in climate transition investments than the country is currently on track… Read More

Climatize, Vertalo to Expand Access to Climate-focused Investments in Renewable Energy Initiatives

Vertalo, the digital transfer agent that connects and enables digital asset ecosystems, is excited to announce its most recent partnership with Climatize Earth Securities, a mobile app that allows users “to invest in renewable energy projects.” As of today, Climatize has integrated with the Vertalo… Read More

Pension Funds Need Net-Zero “Paradigm Shift,” Industry Professionals Claim

Pension fund net-zero transition plans are “dramatically” underestimating the risks and opportunities presented by climate change, industry experts claim. A new report from the Economics of Energy Innovation and System Transition (EEIST) project, led by the University of Exeter, argues “for fundamental change in the… Read More

Fintech ecolytiq, Mambu to Provide Banks with Embedded Climate Engagement for Businesses

Climate engagement solution, ecolytiq, is partnering with cloud banking platform Mambu to make scalable, effective climate action solutions easily accessible for financial institutions. ecolytiq’s climate engagement product suite “will be available on the Mambu marketplace that serves 110 million end users.” The partnership will offer… Read More

Sustainability: Green RWA, Finastra Introduce Platform for Climate Risk Management

Finastra, a global provider of financial software applications and marketplaces, and Green RWA, a pioneering association in climate transition, announced the launch of the Climate-Extended Risk Model (CERM) Sandbox. The new platform reportedly “offers an interactive and immersive experience for banks to understand and manage… Read More

Digital Asset Custodian Zodia Custody Joins UK’s Net-Zero Tech Taskforce

Zodia Custody has announced plans to become a net-zero company by 2050, as a signatory of the taskforce for leading tech companies fighting climate change, Tech Zero. With over 300 tech companies already among the signatories, Zodia Custody is reportedly the first digital asset custodian… Read More

Impact Investment Platform u impact Teams Up with Climate Engagement Fintech ecolytiq

Sustainable investment solution provider u impact has joined forces with specialized green banking software provider ecolytiq in order “to introduce innovative sustainable investment products to a wider branch of private investors.” Through a combination of u impact’s interactive investment sustainability analysis and the ecolytiq Sustainability-as-a-Service… Read More

Credit Card Purchases: Canada’s Vancity to Offer a Way to Estimate CO2 Emissions that Come from Transactions

Vancity took another step recently in its commitment to climate action. It is reportedly one of the first financial institutions in Canada “to offer its members a way to estimate the CO2 emissions that come from their purchases.” Every Vancity Visa credit cardholder “can track… Read More

DTCC Identifies Climate Risk as Systemic Threat

Climate change is expected to have a “dramatic impact” on our environment over the next few decades – and quite possibly beyond, according to an update from DTCC. Since the 1980s, each decade has “been warmer than the previous one and this trend is expected… Read More

Climate X, a Climate Risk Data and Analytics Provider, Appoints Andrew Ellam as VP of Technology

Andrew Ellam, former Chief of Staff to CTO and Head of Technical Program Management at Monzo Bank, joins the senior leadership team as VP of Technology at Climate X, a multi-award-winning global climate risk data & analytics provider based in London, UK. Andrew reportedly “brings… Read More

Global Risks Report: Tensions Peak between Cost of Living Crisis, Sustainable Climate Action

For the past 17 years the World Economic Forum’s Global Risks Report has warned about “deeply interconnected” global risks. Conflict and geo-economic tensions have “triggered a series of deeply interconnected global risks,” according to the World Economic Forum’s Global Risks Report 2023. These include energy… Read More

Ethereum Climate Platform Initiative to Address ETH Network’s Former PoW Carbon Emissions

Recently, at COP27, one of the world’s largest gatherings on climate action, a group of Web3 companies convened by ConsenSys and Allinfra, joined civil society leaders and the UNFCCC Climate Innovation Hub, “to announce the creation of the Ethereum Climate Platform (ECP).” Its mission is… Read More

Sustainability: DBS, Partners to Develop Solutions to Address Greenhouse Gas Removal

With the risk of carbon dioxide and other greenhouse gas emissions pushing past dangerous warming thresholds, DBS (SGX:D05) together with seven partners and supporters, have “committed to further build on efforts to nurture and scale the climate tech ecosystem.” DBS and global partners “launched the… Read More

Swedbank to Offer Sustainable Loans to Farmers

As the financiers of two-thirds of the European economy, banks “bear an important responsibility to propose real solutions to mitigate climate change.” This partnership between Swedbank and eAgronom with regard to issuing sustainability-linked loans and leasing will have “a significant impact, as agriculture is one… Read More

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