Events listed in Sustainable Finance
The challenge of sustainability: ecological transition and public finance
ID 22871
Instituto per la Vigilanza sulle Assicurazioni (IVASS) has published a speech by Luigi Federico Signorini, General Director of the Bank of Italy, on ’The Challenge of Sustainability: Ecological Transition and Public Finance’ at the opening of the Italian Banking Association’s (ABI) Advanced Training Course. In this speech, Luigi Federico Signorini focused on **two key issues, namely the environment and public finance, and how they ...
The FCA’s view of green mortgages
ID 22867
On April 19, 2023, David Geale, Director of Retail Banking at the FCA (Financial Conduct Authority), delivered a speech at the London Institute of Banking & Finance mortgage conference in which the Director generally discussed green mortgages and the FCA’s expectations in this context. The Director began his speech by elaborating on what green mortgages are, namely mortgages granted to customers that provide incentives ...
EBA adopts a charter on diversity and inclusion
ID 22834
EBA has reinforced its commitment to diversity and inclusion by adopting the European Union Agencies network charter on diversity and inclusion. The EBA is committed to promoting fair and equal opportunities and preventing discrimination among staff, with action taken since 2021 having led to significant results in the area of gender equality. The EBA also carries out policy and regulatory work to reinforce diversity ...
Swedish equity funds far from Paris Agreement target
ID 22795
The Central Bank of Sweden, Riksbank, has published a staff memo entitled Taking their temperature: Swedish mutual funds and the Paris Agreement. The memo contains an analysis of 122 Swedish mutual funds‘ exposure to transition risk based on an assessment of their proprietary portfolio data and on forward-looking data provided by Carbon4Finance Carbon Impact Analytics (CIA) Platform. Additionally, the analysis looks at how the ...
AFG Recommendation – Definition of sustainable investment according to SFDR
ID 22740
The AFG has published a recommendation containing proposed common principles to clarify the definition of sustainable investment according to the SFDR level 2 measures, which apply from 1 January 2023. The SFDR has a very general definition of sustainable investment, which has led to heterogeneous results from one player to another. The AFG recommends considering an investee company sustainable as a whole when it ...
Publication of the report “Climate-related disclosures of the BCL’s ...
ID 22646
The BCL has released its first climate-related financial disclosures on its NMPPs, which include the bank’s own fund investments and staff pension fund. The disclosures follow the recommendations of the TCFD of the FSB and are in line with applicable Eurosystem methodology. The BCL has also taken into due consideration the guidance provided for central banks by the NGFS. The **BCL has adopted an ...
Regulators welcome the Government’s updated Green Finance Strategy
ID 22625
Several UK regulators, including the Financial Conduct Authority (FCA), the Pension Regulator (TPR), the Bank of England (BoE), and the Financial Reporting Council (FRC), have published a joint press statement in view of the government’s publication of its updated Green Finance Strategy. Therein, the regulators commend the government on its revised strategy and state that they will stand ready to support the government in ...
Green finance strategy
ID 22624
The UK government has published a revised green finance strategy which follows the publication of a first version in 2019. The revised strategy – under the general heading „mobilizing green investment“ – takes forward some of the inititatives launched in 2019 and presents new measures that the government intends to take to achieve the following key objectives: 1. UK Financial Services Growth and Competitiveness ...
Letter from ECB President and ESRB Chair to Ms Mairead McGuinness, European ...
ID 22571
The European Systemic Risk Board (ESRB) has published a letter from the European Central Bank (ECB) President and ESRB Chair, Ms Christine Lagarde, to the European Commissioner for Financial Stability, Financial Services and Capital Markets as regards the „Assessment of the financial system’s resilience to stress in the transition to the EU’s 2030 goals for the reduction of greenhouse gas emissions“. In this letter, ...
The second Annual Report on Sustainable Investments and Climate Risks is published ...
ID 22564
The Bank of Italy has published its second Annual Report on sustainable investments and climate-related risks. The report is released contemporaneously with similar documents from the ECB and other central banks of the Eurosystem, sharing a common reporting model that follows the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The Bank of Italy has been incorporating financial and sustainability criteria into ...