Dr Nina Seega’s Post

📢 In a new policy report, “Addressing the Giants: integrating nature in regulations for systemically important banks,” WWF's Greening Financial Regulation Initiative (GFRi) and CDP urge the #FinancialStabilityBoard and #BaselCommittee on Banking Supervision, as well as national regulatory and supervisory authorities, to integrate nature risks into regulation governing Global and Domestic Systemically Important Banks. These banks are particularly exposed due to their size, complexity, and interconnectedness with the global economy. Importantly, they not only face nature-related risks, they also largely contribute to environmental degradation through their financial investments. 🍃 Read the report: https://lnkd.in/ePZvuRa9

Financial stability for the future means extending existing capital risk regulations into climate and nature considerations - new report from CDP & WWF #sustainablefinance #banks #centralbanks #natureloss

LAUNCHING TODAY! In our new policy report, “Addressing the Giants: integrating nature in regulations for systemically important banks”, WWF´s Greening Financial Regulation Initiative (GFRi) and CDP urge the #FinancialStabilityBoard and #BaselCommittee on Banking Supervision, as well as national regulatory and supervisory authorities, to integrate nature risks into regulation governing Global and Domestic Systemically Important Banks (G-SIBs and D-SIBs). These banks are particularly exposed due to their size, complexity, and interconnectedness with the global economy. Importantly, they not only face nature-related risks, they also largely contribute to environmental degradation through their financial investments. ➡ Read more: https://lnkd.in/ePZvuRa9 #sustainablefinance #centralbanks #natureloss #climatechange Financial Stability Board (FSB) Pina Saphira Maud ABDELLI Bianca Barilla Claire Elsdon Pietro Bertazzi Helen Finlay Kumar Bhattacharyya Laura Canas da Costa Claudia Gray Lydia Marsden Richard Metcalfe Marina Moretti Natacha Postel-Vinay Dr Nicola Ranger Dr Nina Seega Julia Symon

🌿 WWF´s Greening Financial Regulation Initiative (GFRi) and CDP have launched a new report, urging the Financial Stability Board (FSB), the Basel Committee on Banking Supervision and national regulatory bodies to incorporate #natureloss risk into regulatory frameworks governing global and domestic important banks. ✍ Natacha Postel-Vinay, our Nature-related Finance Lead, was part of the Project Steering Group of this policy paper - “Addressing the Giants: integrating nature in regulations for systemically important banks”. 🏦 These banks are particularly exposed due to their size, complexity, and interconnectedness with the global economy and also largely contribute to environmental degradation through their financial investments. 📑 Read the full report: https://lnkd.in/eVx3tTMh #Greenfinance #Naturerisk #Sustainablefinance Pina Saphira Maud ABDELLI Bianca Barilla  Claire Elsdon Pietro Bertazzi Helen Finlay Kumar Bhattacharyya Bank for International Settlements – BIS 

𝐉𝐮𝐬𝐭 𝐢𝐧 𝐓𝐢𝐦𝐞 “𝐄𝐂𝐁: 𝐓𝐡𝐞𝐦𝐚𝐭𝐢𝐜 𝐑𝐞𝐯𝐢𝐞𝐰 𝐨𝐧 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐚𝐧𝐝 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐑𝐢𝐬𝐤𝐬" Read more here: https://lnkd.in/d7amSG6N ECB has concluded its thematic review on climate-related and #environmentalrisks, which is aimed at fostering the alignment of the banking sector with its supervisory expectations (Expectations 1-10), set out in its Guide on climate-related and environmental risks published in November 2020 to ensure that the banking sector effectively and comprehensively addresses climate-related and environmental risks. The ECB also observed #goodpractices being deployed in relation to broader environmental risks, with institutions leveraging existing climate-related risk approaches. Authors: Dario E., Matteo Cecchin, Michele Ferrandino and Bianca Ghilardi #climaterisk #bankingsector #ECB

The International Committee on Credit Reporting (ICCR), together with The World Bank, Bank for International Settlements – BIS, and the Central Bank of Brazil have organized in the past days the first Regional Consultative Group - RCG - in the Latham & Caribbean region.🌍 They prompted the credit reporting industry for innovation to face the new challenges that the financial world is enduring - openfinance, alternative data, sustainability, digital lending and new technologies were part of the discussions. Luis Carmona - Sáenz de Sicilia , one of 𝗙𝗘𝗕𝗜𝗦 𝗩𝗶𝗰𝗲-𝗽𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁𝘀, participated in the panel on “leveraging credit reporting to promote climate risk monitoring”, noting the big impact that companies are managing to comply with new ESG regulations, notoriously in the EU. 💡 Yesterday, the ICCR plenary took place at the central bank of Brazil headquarters to continue this essential debate to conclude guidelines to help shaping the future of credit reporting and financing frameworks.📈 #FEBIS #businessinformation #creditreporting #innovation #openfinance #alternativedata #sustainability #ESG #technology

A number of NGOs have published recently a "Banking on Climate Chaos report 2024". This 120 pages long report is a review of how major global banks fund fossil fuels. It discloses the loans and financial support from the 60 largest global banks. I am personally not comfortable with the style, the confrontational tone and the underlying anti-corporate ideology of this report. Nevertheless I think it must be taken seriously, and I have two takeaways: - this "name and shame" exercise is a reality that corporations cannot ignore, and in particular when a clear gap exists between public commitments and what can be reported by independent organisations. Many stakeholders - media, the public and now regulators ... - are paying attention. - the methodology used to produce this report sounds serious: I do not think it is a good response for corporations to either ignore or belittle such voices. https://lnkd.in/dmtsphSi #ESG #auditcommittee #risk

We are proud to announce our media partnership with marcus evans Group for the 4th Edition #ClimateRisk Management for Financial Institutions conference taking place in Barcelona on 25-27 September, 2024. Click here to find out more: https://lnkd.in/d5jq854b Speakers from European Central Bank, Zurich Insurance, ING, Bank of England, Howden Group Holdings, UBS, to name a few will be sharing best practices to ensure physical and transitional risks are mitigated and managed effectively. #climate #esgrisk #issb #tcfd #esg #esgdata #climatedata #sustainability #esginvesting #transitionrisk #physicalrisk #impactinvesting #responsibleinvesting #regulatoryreporting  

Discover how the TNFD framework can help banks address nature-related risks and challenges in Deloitte’s report.

Let's hope for more events like this one - organised by Deloitte CE and Global Association of Risk Professionals (GARP) - when round words are missing and we are drowning in specifics! 🔎 Yesterday's discussion focused on climate risks in the banking sector. We had a fantastic range of banking institutions, experiences, perspectives and hopes related to the Polish climate transition and the role of the financial sector. The panelists generously shared practices from their banks with the large audience. Words of high praise to Monika Czokajło , Aleksandra Ostaszewska , and Tycjan P. Bielecki and the moderator Paweł Jagłowski #ryzykaklimatyczne #ryzykoklimatyczne #ryzykaesg #zarzadzanieryzykiem #analizascenariuszowa #climaterisk #riskmanagement #esgrisk #climatedata #climatemodelling #scenarioanalysis #transitionfinance #transitionplan #climatetransition