Updates from around the world dealing with regulatory requirements, climate change, events and more.
From the introduction of globally applicable climate disclosure standards to the publication of extensive climate risk management principles, guidance, and requirements from major central banks, 2023 was full of important developments.
Climate X appoints Manuel Vicente, former HSBC Chief Risk Officer, enhancing authority in climate risk finance and further leading the integration of cutting-edge climate risk technology into financial strategies globally.
The European Banking Authority has recommended the inclusion of climate and environmental risks into bank prudential rules under the Pillar 1 framework.
The pivotal COP 28 in Dubai is approaching: the summit is set to address critical issues such as sustainable investment strategies, the balance between fossil fuel dependencies, and the transition to a greener economy.
The European Central Bank (ECB) has begun enforcement measures against banks failing to assess climate and environmental risks across their portfolios. What's the solution for European Banks?
U.S. insurance companies have faced escalating climate risks, leading firms to pull out of some states to become uninsurable. What lessons can be drawn so far to overcome future risks?
The voice of finance sector in the UK encourages banks to embrace climate data to anticipate extreme events and transition their businesses.
Our planet faces increasing risks from climate change: heatwaves, fires, droughts, floods. June marked the highest global temperature ever recorded. What is the effect of climate change?
The U.S. energy infrastructure is struggling due to climate change impacts, facing elevated blackout risks and potential billion-dollar costs for utilities and customers. How are climate risks expected to inflict more damage to the U.S. energy infrastructure?
The world is grappling with the escalating consequences of climate change: as record-breaking heatwaves intensify and the risks of economic burdens expand, what challenges from climate-induced heatwaves lie ahead for the rest of this summer?
Jackie Bennett OBE, Chair of the Bank of England’s Residential Property Forum, joins Climate X to help the UK housing market prepare for climate change.
The idyllic summer vacation in Greece became a nightmare as wildfires ravaged the country last week. The wildfires inflicted damage on the tourist industry, local businesses and security infrastructure. Why is preparedness essential amid escalating climate change impacts, including wildfires?
The housing market is experiencing instability, and the effects of climate change further complicate matters for potential homebuyers. Disregarding climate risks when investing in properties can have dire consequences over time. Therefore, why is it crucial for real estate companies that homebuyers consider climate risks in their decision-making process?
