climate risk

Warren Buffett helped to reject a shareholder resolution that would push his multinational conglomerate Berkshire Hathaway to inform investors about climate risks. In addition to defending the dirty oil and gas industry, the billionaire…
Read More...

New Zealand is set to become the first country in the world to introduce a law that would subject financial firms to climate reporting. The law, which is expected to receive its first reading this week, will require banks, insurance firms…
Read More...

ESG-forward investing seems to be taking over the financial industry, but ex-BlackRock chief investment officer for sustainable investing Tariq Fancy warns that this is simply another form of greenwashing. In an opinion article, Fancy says…
Read More...

Goldman Sachs has reaffirmed its sustainability commitments in a new pledge to reach carbon neutrality by the end of the decade. The investment banking giant says it will develop climate data, improve disclosure, and integrate climate-risk…
Read More...

A new values-based financial institution, Climate First Bank (In Organisation), will soon be opening its doors in Florida this year. The bank will support the community through ESG-forward principles, offering customers all the…
Read More...

HSBC could soon be forced to reduce its exposure to fossil fuels next year, after its key investors tabled a shareholder vote urging the bank to end its reliance on climate-harming financing. The bank is one of the biggest financiers of…
Read More...

With more investors embracing a sustainable ESG-based strategy, a trend that has received a major boost amidst the coronavirus pandemic, China is losing its allure despite being an enormous and fast-growing emerging market. Ranking bottom…
Read More...

Gen Zs or “Zillennials” are on track to overtake the famous millennial cohort and are set to transform the way business and investing is done with their flight-shaming, plant-based and zero-alcohol habits. Analysts in a new Bank of America…
Read More...

Over 90% of global public investors now have specific environmental, social and governance (ESG) investment policies in place or are in the process of implementing them, reveals a new survey from independent think tank OMFIF and American…
Read More...

BNP Paribas has announced the successful issuance of equity-linked green bonds totalling A$140 million (US$99.6 million) marking the first to be linked to the Australian Climate Transition (ACT) Index. The ACT Index is based on several…
Read More...

Google’s parent company Alphabet Inc. has just issued US$5.75 billion in sustainability bonds, in what it claims is the biggest green bond issued by any firm to date. The proceeds will support investments in both environmental and social…
Read More...

A 23-year-old law student in Melbourne, Australia has filed a lawsuit against the Australian government over failure to disclose the financial risks of climate change to a number of safe investments, including government bonds. Katta…
Read More...

Singapore’s central bank, the Monetary Authority of Singapore (MAS), has recently hired Jeanne Stampe as green finance resource lead. Stampe is a former WWF head of sustainable finance in Asia. The move is yet another indication of the…
Read More...

In their annual Sustainability Report, Swiss multinational investment firm UBS reveals that it has increased its sustainable investments to US$488 billion by the end of 2019 and reduced its carbon-related assets by over 40% compared to the…
Read More...

For the first time, the climate crisis is at the top of the World Economic Forum’s annual risk report ahead of the Davos conference. All five spaces in the list of issues likely to pose a major impact over the next decade have been filled…
Read More...

Our world population will face “untold suffering due to the climate crisis,” in a letter penned and endorsed by more than 11,000 scientists and experts from over 153 countries. A stark warning about the real and devastating consequences of…
Read More...

While the effects of climate change will undoubtedly be felt all around the world, it will have the most devastating impact on Asia and the Pacific, home to roughly 60% of the global population. Extreme weather events, such as prolonged…
Read More...

Two senior McKinsey employees have penned a commentary published on Fortune addressing CEOs from around the world and warning them about the risk of climate change to their business. Dickon Pinner and Kevin Sneader's message to companies…
Read More...