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NGFS says updated scenarios signal two-to-four-times higher physical impacts

The Network for Greening the Financial System (NGFS) group of central banks and supervisors has called for more ambitious policies to tackle the 'first order' risk of climate change, as its updated scenarios showed two-to-four-times bigger physical impacts than its previous iterations.

German central bank studies physical climate risk in bond portfolio

GRESB secures investment from General Atlantic's BeyondNetZero Fund

General Atlantic has taken a majority stake in real assets sustainability standards and benchmarking body GRESB, through its BeyondNetZero climate growth fund.

BIS says its AI tool 'is game changer for green finance' ... but beware the hallucinations

A tool that uses artificial intelligence (AI) to analyse corporate climate reports has been hailed as a "game changer for green finance", because of its ability to automate the rapid extraction of data.

Germany to raise €2bn from inaugural 2024 green bonds

German central bank's Mauderer to lead NGFS

Future of ESG Data Asia: Why one company is reducing its sustainability reporting to just nine metrics

A real estate firm plans to reduce the number of sustainability indicators it will report - from more than 300 to just nine - amid concerns the costs of assuring them could exceed those of its financial audit.

NGFS transition plan 'stocktake' due this week

The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) will publish its "stocktake" on transition plans this week, which one official said will demonstrate how "inconsistent" the global picture is.

We cannot ignore nature, warns German central bank

The profitability of banks will be put at risk if they continue to ignore nature-related risks, Deutsche Bundesbank's Sabine Mauderer warned,...

GRESB and GI Hub partner on ESG data