5 November 2019
The focus of financial markets regulators and central banks is increasingly falling on climate change and the green economy, and in particular the resilience of the financial system to climate-related risks.
Regulators in both the UK and the EU have turned their attention to environmental, social and governance (ESG) factors, their impact on banks' and investment firms' businesses and the role of the financial sector in supporting the transition to a low-carbon and sustainable economy.
This is leading to the introduction of a broad range of new ESG-related regulatory requirements for banks and investment firms, including new product disclosure requirements for issuers and product manufacturers, ESG-related policies and disclosure requirements for investment advisers and managers and requirements for firms to assess their exposures to ESG-related financial risks.
Growing the Green Economy
This article was initially published in Growing the Green Economy: Addressing the Sustainability Challenges and Opportunities, our far-reaching look at developments in ESG and sustainable finance.