UK: Government’s climate advisor warns that UK is at major risk of missing its net zero goals
The Committee on Climate Change (CCC) – the UK government’s independent climate change advisor – has published a report warning that...
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Basel Committee issues principles for the effective management and supervision of climate-related financial risks for banks worldwide
After a consultation in November 2021, the Basel Committee has now issued its final principles for the effective management and...
Results of the Bank of England’s climate stress test
The results of the Bank of England’s (BoE) inaugural climate risk-related stress testing exercise, the Climate Biennial Exploratory...
Banking advertisements in the spotlight over alleged greenwash claims
Regulators in the UK and Canada have been asked to investigate claims made by two banks in respect of alleged misleading claims in their...
UK: PRA writes to CEOs of banks and insurers warning of climate focus in 2022
In January 2022, the Prudential Regulation Authority (PRA) sent “Dear CEOs” letters to banks and insurers setting out its supervisory...
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