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Climate change

Asset managers say the decision to exit was taken after extended engagement efforts.
The latest developments in sustainable finance: Brazil establishes committee to implement taxonomy; Former MAS director Menon named as Singapore’s climate action ambassador.
At the same time, banks were also found to be 'highly exposed' to transition risk.
The topic has drawn attention from regulators following the release of PCAF’s voluntary standard.
Magnifying glass wind turbine
The minimum capital requirements for banks are also being reviewed for climate additions.
Magnifying glass on charts graphs paper. Financial development, Banking Account, Statistics, Investment Analytic research data economy.
Significant majority of banks back new release, which includes facilitated emissions, but greener members retain concerns.
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It comes after efforts from the Singaporean central bank and GFANZ to encourage phase-out financing.
Securities and Exchange Commission, SEC, Building in Washington DC. The SEC regulates stocks and bonds and related financial activities.
As final rule rows back significantly on corporate emissions disclosures, big investors express cautious optimism, while others, including SEC commissioner Crenshaw, lament what could have been.
Development of sustainability disclosure standards has forced investors to ‘take a good hard look’ at what is feasible, Morningstar's Lindsey Stewart tells RI.
Securities and Exchange Commission, SEC, Building in Washington DC. The SEC regulates stocks and bonds and related financial activities.
Former SEC lawyer Kurt Gottschall tells RI that a change in government would bring ‘significant pressure to wipe the climate disclosure rule off the books’.
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