The French Prudential Supervision and Resolution Authority (ACPR) together with the French Central Bank (Banque de France) conducted a voluntary climate stress testing pilot exercise from July 2020 to April 2021. It stress-tested 9 banking and 15 insurance groups in France over the following hypothesis: 30-year long-term horizon covering the 2020–2050 period with a combination […]
From October 31st till November 12th, Glasgow will be the centre of the world for climate change mitigation. All the representatives of 195 signatory countries of the United Nations Framework Convention (UNFCCC) which was signed in the Rio Earth Summit in 1992 will be present there to discuss and review how are we doing in […]
In order to meet its 2030 climate and energy targets as defined in the European Green Deal, the European Commission has set out to align definitions, reporting and companies’ objectives with its Taxonomy for sustainable activities. It is a list of economic activities with performance criteria to assess the activities’ contribution toward six environmental objectives aiming to achieve EU toward climate […]
Although a lot has been written about the positive impact of sustainable practices on the environment, the material impact of such practices on companies’ balance sheets and P&Ls has remained overshadowed. The question therefore is, can sustainable practices have a positive material impact on companies’ financial performance? Although there are undoubtedly many various ways how […]
