No major bank has committed to end financing for new oil and gas exploration
Group sets criteria for approving ISSB standards for capital markets
Recommendations are outlined in a new report
The global policy group recognized progress, but also called for more work to tackle financial-sector climate threat
Good data is scarce and lending to heavy polluters is large, Fitch notes
Weaknesses hidden by the pandemic response may now emerge as economic conditions degrade
Asset managers are beefing up proxy voting policies in response, research finds
Only one in five banks surveyed consider climate risk when granting loans
Political shifts challenge economic and financial stability
Climate risk to factor into bond purchases and collateral framework