No McKinsey, it will not cost $9 trillion per year to solve climate change.

Fake Green Taxonomy Act must be rejected by EU Parliament

The European Commission has today bowed to pressure from France and others (1), by publishing a set of sustainable finance rules which will do huge damage to the EU and global environmental action

How can financial stakeholders coordinate the transition towards a sustainable financial system?

Countries are increasingly turning to Sustainable Finance Roadmaps to plan and prioritize transformative action.

Through the Aligning Finance Policies project, the Green Finance Platform is working with six countries - China, India, Kazakhstan, Mexico, Mongolia and Nigeria – to progress their Sustainable Finance Roadmaps.

Roadmap updates, upcoming events, op-eds and other project content can be found on the recently launched Aligning Finance Policies website.

#AligningFinancePolicies

Credit Suisse Shows Flaws of Trying to Quantify ESG Risks

Swiss bank has endured repeated scandals and executive departures, but done well on many scoring systems designed to spot nonfinancial risks

ESG Study Shared With SEC Reveals Fund Labels Are Often Useless

'Investing in ESG funds is like trying to navigate “the Wild West” as both regulations and enforcement fall short'

BOE Push to Green Quantitative Easing Isn’t Working, Study Shows.

One of the world’s most ambitious attempts by a central bank to go green isn’t exactly working as planned.

Biodiversity loss and financial stability

Healthy ecosystems provide "ecosystem services" (material and water supply, climate regulation, pollination, etc.) on which economic activities depend. Their alteration could disrupt economic activities with potential consequences for financial stability. For this reason, central banks and supervisors are taking an increasing interest in the financial risks associated with biodiversity loss (physical risk) as well as those potentially generated by the incompatibility of business strategies and models with economic and regulatory changes aimed at protecting biodiversity (transition risk). This post presents an initial analysis of the French financial system's exposure to these risks.

Dear Colleagues,
I am Ramon Spanchis and I am very interested in the forum and the site in general, so here I am.
I want to learn a lot and I remain at your service.
Thanks and greetings!
RS

Pension Funds & Climate Risk

Nest, the £20bn UK government-backed workplace pension scheme, has sold its holdings in ExxonMobil and four other energy companies after criticising their progress on managing climate change risks.

Frustration over the response of some fossil fuel companies to the threat of catastrophic global warming is driving a small but growing number of influential pension funds to divest from businesses that are perceived as blocking progress towards a lower carbon economy.

“At Nest we aim to work with companies to encourage sustainable business decisions but will draw the line somewhere. The five companies being excluded have not done enough to convince us that we should remain shareholders".

The ESG mirage

"Beneath an opaque system that investors believe is built to make a better world is one that instead sanctifies and rewards the most rudimentary business practices."