COP28 Dubai
Introduction As the world gears up for the 28th UN Climate Change Conference (COP28), we are reminded of the critical juncture we face in our collective fight against climate change. Nearly eight years after the historic Paris Agreement, COP28 stands out for hosting the first-ever “Global Stock Take” – a comprehensive assessment of global progress […]
California requires companies to report carbon emissions
California has just dropped a bombshell on the corporate world with the unveiling of The Climate Corporate Data Accountability Act, or as we like to call it, the “Green Giants’ Reality Check.” This game-changing law is a massive leap towards tackling climate change head-on, and it’s got businesses quaking in their eco-friendly boots. If […]
Greening the Financial Landscape: The Surge of ESG Regulations for Institutions
I. Introduction In today’s financial landscape, strong balance sheets and positive earnings forecasts are no longer the only factors that determine the success of financial services organisations. Stakeholders, including investors and customers, are increasingly evaluating firms based on their commitment to addressing broader economic and societal challenges. Environmental, social, and governance (ESG) considerations have become […]
Stress Testing Against Climate Risk – A key Emerging Exercise for Banks
Climate Risk Stress Testing Background Climate change is one of the most complex challenges that society faces today. The continued and growing emissions of greenhouse gases since the industrial revolution have led to increased GDP, but at the price of increasing temperatures creating risks to life, ecosystems, and economies. There is increasing consensus that risks […]