ESG specialists from outside banking appeal to hiring managers because of lower salaries
Despite hopes that crowds would lessen, the wait to enter the venue remained as long on Wednesday as on Tuesday
The PRA believes capital requirements can be useful in addressing the consequences of climate change
Bookrunners failed to disclose controversial mine, campaigner claims
President Xi Jinping has set out bold plans to decarbonize China’s economy. But most companies and banks, hampered by a lack of top-down regulation, have little idea what ESG is, let alone how to measure and report it. It is a mess – and one that China needs to clear up fast.
Supervisors attending this year’s meeting of the Institute of International Finance were at pains to show they would not be rushing to impose capital penalties on banks based on climate stress tests. But the issue is at the heart of a debate over what the limits to regulatory scope should be.
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