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Six years after the financial industry pledged to use trillions to fight climate change and reshape finance, its efforts have ...

The Climate Principles, initially issued in 2023, require large financial institutions with consolidated assets over $100 billion to consider climate-related financial risk management in line with ...

LONDON (Reuters) -The banking industry's main group leading the sector's global effort to cut carbon emissions plans to overhaul its structure, it said on Wednesday, after the high-profile exit of ...

The paper shows that banks with greater exposure to carbon-intensive borrowers already pay higher costs for short-term ...

International Monetary Fund (IMF) Managing Director Kristalina Georgieva delivers remarks ahead of the annual IMF-World Bank fall meetings, at the Milken Institute in Washington, D.C., U.S., October 8 ...

In October, the Net Zero Banking Alliance shut down after JPMorgan Chase, Citigroup, Bank of America, Morgan Stanley, Wells Fargo and Goldman Sachs led a stampede of other banks out the door. SPL / ...

Climate-smart agricultural technologies like heat-tolerant seeds have enormous potential to bolster Africa's food production, ...

The African Development Bank ( www.AfDB.org ) is pleased to announce the nomination of Professor Anthony Nyong, Director for Climate Change and Green Growth, as one of the ‘ 100 Most Influential ...

It has been publicly reported that the European Central Bank is planning to impose financial penalties (albeit modest ones) on certain banks that have failed to adequately prepare for climate change.