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US banks lament data gaps in first Fed climate scenario analysis

The Federal Reserve's first climate scenario analysis of the country's six largest banks exposed widespread data gaps that threaten to undermine the accurate assessment of climate-related risks.

'Appalling inaction' on deforestation by BlackRock, Vanguard, Wells Fargo

BlackRock, Vanguard and Wells Fargo have been accused of "appalling inaction" on deforestation by NGO Global Canopy, which criticised the lack of policies and continued financing of deforestation over the past decade.

Impax hires Pamphilon as first fixed income head

IIGCC to step up pressure on banks to demonstrate action on net zero

A group representing investors with €65 trillion ($70 trillion) in assets under management has published a set of expectations for banks, as they push for more details on how banks will act on pledges to achieve net zero emissions.

Six US banks to pilot Fed-led climate scenario analysis

The US Federal Reserve has revealed that six of the largest US banks are to participate in a pilot exercise to study their ability to manage climate-related financial risks, in a significant development for the financial stability supervision framework in the world's largest economy.

People moves 8 July: Bloomberg, Standard Chartered, Credit Suisse, Bundesbank, Wells Fargo & more...

Minority of US bank investors support climate proposals

North American banks form climate risk group

A group of 19 US and Canadian banks has formally agreed to collaborate on approaches to managing climate risk, as regulators across the continent ready new rules.

People Moves 14 January: MSCI, Wells Fargo, BIS, Schroders and more...

Wells Fargo selects director of climate alignment