Ceres issues recommendations to federal financial regulators that would help combat climate risk facing banks in the U.S.

Ceres issued more than a dozen recommendations for actions federal financial regulatory agencies should take to address the financial risk that climate change places on our nation’s banking system.   “2022 has the potential to be a year for historic action by U.S. financial regulators. Last October, we welcomed the report from the Financial Stability Oversight Council, where these regulators called climate change an emerging risk for the first time,” said Steven M. Rothstein, Managing Director of the Ceres Accelerator for Sustainable Capital Markets at Ceres. “These recommendations build on that momentum by identifying practical and familiar steps that these agencies can take within their existing authorities to make good…

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FTSE Russell launches first climate risk government bond index

FTSE Russell, the global index, data and analytics provider, has launched the first government bond index to adjust index weights based on each country’s preparedness and resilience to climate change risk. The FTSE Climate Risk-Adjusted World Government Bond Index (“Climate WGBI”) is derived from the FTSE World Government Bond Index, a widely used benchmark of investment-grade sovereign bonds of 22 developed economies. The index will be available to investors going forward as a portfolio performance measurement tool as well as for the basis of an investment portfolio. The index incorporates…

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