The Monetary Authority of Singapore (MAS) has issued finalised Environmental Risk Management Guidelines for banks.
The UK’s Financial Reporting Council (FRC) has published a podcast discussing their recent report, which offered some practical guidance for best practice on climate-related disclosure. The FRC found that while investors support increased disclosure on climate-related risk, companies are frequently falling behind expectations. The report drew on the TCFD framework to structure practical guidance on […]
What will be behind the next global financial crisis? According to the Bank for International Settlements (BIS), it could be climate change, which has the potential to unleash ‘extremely financially disruptive events.’ In their words — “integrating climate-related risk analysis into financial stability monitoring is particularly challenging because of the radical uncertainty associated with a […]