On 6 September 2021, the FCA announced that the application window for the second Green FinTech Challenge was open. The first Green FinTech Challenge was held in 2018. The purpose of the Green FinTech Challenge is to support the development and live market testing of new products and services that will aid the transition to … Continue Reading
The European Insurance and Occupational Pensions Authority (EIOPA) has published an opinion on the use of climate change risk scenarios in insurance undertakings’ Own Risk and Solvency Assessment (ORSA). The opinion has been written to help supervisory authorities understand EIOPA’s expectations in terms of climate risk scenarios included in the ORSA. Solvency II requires that … Continue Reading
On 22 November 2020, the European Commission issued a consultation on a draft delegated act under the Taxonomy Regulation. The Taxonomy Regulation establishes the framework for the EU taxonomy by setting out four conditions that an economic activity must meet in order to qualify as environmentally sustainable: It contributes substantially to one or more of … Continue Reading
On 23 November 2020, the FCA published a speech by Richard Monks (Director of Strategy, FCA) entitled Building trust in sustainable investments. The speech was delivered at the SRI Services and Partners ‘Good Money Week’ panel discussion on 21 October 2020. During his speech Mr Monks states that the FCA is considering whether it would … Continue Reading
On 23 November 2020, the Financial Stability Board (FSB) published a report that discusses the potential implications of climate change for financial stability. It investigates channels through which climate-related risks might impact the financial system. The report: Sets out the ways in which physical and transition risks from climate change can affect financial stability, as … Continue Reading
This blog post was co-authored by Phoebe Saintilan The ‘Paris Agreement’ was adopted on 12 December 2015 at the COP 21 UN Climate Change Conference (Conference). It may potentially herald the end of the fossil fuel era and a global move towards a low carbon future and renewable energy. This will undoubtedly influence the decisions … Continue Reading
