NGFS

Feedback on the input provided by the European Parliament as part of its resolution on the ECB’s Annual Report 2022

Retrieved on: 
Giovedì, Aprile 18, 2024
Crypto, European banking union, Governance, Exercise, TARGET, Ciccarelli, Single, Climate, OJ, Ethics, Carbon, ECRB, Parliament, Council, European Systemic Risk Board, European Commission, Paris Agreement, Television, Annual, Letter, Speech, Employment, Social, ESRB, Euro, Prejudice, FSB, AML, ECB, Blog, Risk, ESCB, Committee, NGFS, Policy, Woman, Suggestion, Radio, GDP, Privacy, Weather, Person, Climate change, Communication, Digital, Intelligence, Economic and monetary union, SSM, Bias, Knowledge, Mentorship, EMU, Commission, Economy, Publication, Annual report, Financial Action Task Force, Orientation, Nickel, NPL, European Central Bank, Uncertainty, Financial Stability Board, Conference, NCBS, Treaty, Growth, Financial system, Central bank, European Parliament, Network, Natural Resources, COVID-19, Terrorism, Bank, Female, IMF, Multi-function printer, Recreation, Memorandum, Data, AMLA, Security printing

Beyond managing related risks, the financial sector can also contribute to the transition toward a net-zero economy.

Key Points: 
  • Beyond managing related risks, the financial sector can also contribute to the transition toward a net-zero economy.
  • Our work aims to enhance data transparency in climate change analysis, while informing monetary policy, financial stability and banking supervision.
  • The indicators we have developed focus on the euro area financial sector and are built from harmonised granular datasets.

Frank Elderson: Taking into account climate and nature in monetary policy and banking supervision around the world

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Mercoledì, Aprile 3, 2024
Reproduction, European Central Bank, Attention, Climate change, Risk management, Financial system, Supervisory board, Finance, BCBS, Central bank, FSB, Amazon, ECB, Risk, Flood, Frankfurt, Climate, Materiality, NGFS, Carbon footprint, News, Communication, Food, Nature, Mineral, Carbon, Biodiversity, Risk assessment, Banco, Data collection, Mouth, Water, Ecosystem, Drinking water, Wildfire, Cryptocurrency

This box investigates how households have responded to the 2021-23 inflationary episode using evidence from the ECB’s Consumer Expectations Survey.

Key Points: 
  • This box investigates how households have responded to the 2021-23 inflationary episode using evidence from the ECB’s Consumer Expectations Survey.
  • The findings suggest that households have primarily adjusted their consumption spending to cope with higher inflation.

S&P Global Market Intelligence and Oliver Wyman Enhance Climate Credit Analytics with Addition of Climate-related Physical Risks

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Mercoledì, Ottobre 25, 2023
S&P Global, Monetary Authority of Singapore, Financial services, Financial system, Network for Greening the Financial System, Task force, IHS Markit, Climate, Acquisition, European Central Bank, Central bank, SSP, Network, Credit, Investment, Task Force on Climate Related Financial Disclosures, NGFS, Climate change, Oliver Wyman, Fertilizer, Risk management, Cryptocurrency

NEW YORK, Oct. 25, 2023 /PRNewswire/ -- S&P Global Market Intelligence and Oliver Wyman today announced the enhancement of the S&P Global Market Intelligence Climate Credit Analytics solution to include both climate-related physical and energy transition risk. The addition of S&P Global Sustainable1 data providing information on the physical risk exposure and related financial impact for over 20,000 companies mapped against a range of seven climate change related hazards across a range of four CMIP6 Shared Socioeconomic Pathway (SSP) climate change scenarios will support clients as they seek to understand and manage the physical and financial exposure of corporates and portfolios to climate change.

Key Points: 
  • NEW YORK, Oct. 25, 2023 /PRNewswire/ -- S&P Global Market Intelligence and Oliver Wyman today announced the enhancement of the S&P Global Market Intelligence Climate Credit Analytics solution to include both climate-related physical and energy transition risk.
  • Developed through a collaboration between S&P Global Market Intelligence and Oliver Wyman, Climate Credit Analytics was launched in June 2021 to help financial institutions and corporations assess how a changing climate and the transition to a low-carbon economy will impact the creditworthiness of their counterparties and investments.
  • The solution translates climate scenarios into scenario-adjusted financials and scores at the company level by combining S&P Global Market Intelligence's advanced Credit Analytics risk models and unique industry-specific datasets with Oliver Wyman's industry-leading climate scenario and stress testing capabilities.
  • For additional information on Climate Credit Analytics, please visit S&P Global Market Intelligence .

GCP releases annual sustainability report

Retrieved on: 
Giovedì, Settembre 14, 2023
Exercise, Data management, Learning, GLP, Emerging Capital Partners, NGFS, Policy, GCP, Data collection, Materiality, Biodiversity, GRI, Investment, Ethics, Global Sustainability Assessment System, ESG, Health, Safety, Renewable energy

SINGAPORE, Sept. 14, 2023 /PRNewswire/ -- GLP Capital Partners ("GCP"), a leading global alternative asset manager that focuses on thematic investing across real assets and private equity, has released its inaugural sustainability report, prepared in reference to Global Reporting Initiative (GRI) Universal Standards 2021.

Key Points: 
  • SINGAPORE, Sept. 14, 2023 /PRNewswire/ -- GLP Capital Partners ("GCP"), a leading global alternative asset manager that focuses on thematic investing across real assets and private equity, has released its inaugural sustainability report, prepared in reference to Global Reporting Initiative (GRI) Universal Standards 2021.
  • "While this is GCP's inaugural sustainability report, in many ways, it is a continuation of previous sustainability reports from GLP and reflects our organization's ongoing commitment to the integration of sustainability into our business and investment practices," said Alan Yang, Chief Executive Officer of GCP.
  • "Last year we refreshed our materiality assessment to consider the evolution of our business as a result of our reorganization," said Meredith Balenske, Head of Global Sustainability and ESG of GCP.
  • For more information on GCP's ESG and sustainability efforts, visit: https://gcp.com/responsible-investing/

Datamatics TruFare Automatic Fare Collection Enables Memphis Area Transit Authority (MATA) With Next Generation Fare Ticketing System, Elevating the Commuter Experience

Retrieved on: 
Giovedì, Agosto 24, 2023
Data Management, Transport, Public Transport, Technology, Software, Beep (smart card), Operation, Travel, AFC, NGFS, Memphis Area Transit Authority, MATA, Sale, Mumbai Metro, Payment card, City, Datamatics, Digital electronics, Smart card, NCRTC, Mobile phone

Datamatics, a leading global Digital Technologies, Operations, and Experiences Company, today announced its collaboration with the Memphis Area Transit Authority (MATA) to launch GO901 Smart Card System.

Key Points: 
  • Datamatics, a leading global Digital Technologies, Operations, and Experiences Company, today announced its collaboration with the Memphis Area Transit Authority (MATA) to launch GO901 Smart Card System.
  • MATA’s Next Generation Fare System (NGFS) is an Automatic Fare Collection (AFC) system.
  • Rahul Kanodia, Vice Chairman and CEO of Datamatics expressed, "Our participation in MATA's Next Generation Fare System (NGFS) marks a significant stride towards elevating commuter experience.
  • He added, "With over 30 successfully delivered AFC projects worldwide, Datamatics is dedicated to elevating commuter experiences across the world.”
    Datamatics stands out as a robust Automatic Fare Collection (AFC) solution provider.

Results of the 2022 climate risk stress test of the Eurosystem balance sheet

Retrieved on: 
Giovedì, Marzo 30, 2023
Exercise, Housing, NGFS, Network, Financial system, Risk management, Risk assessment, Carbon, Climate change, Time, Risk, ECB, Public sector banks in India, Security printing, Cryptocurrency, Security (finance), Eurosystem

In 2022 the ECB conducted a climate risk stress test of the Eurosystem balance sheet as part of its action plan to include climate change considerations in its monetary policy strategy.

Key Points: 
  • In 2022 the ECB conducted a climate risk stress test of the Eurosystem balance sheet as part of its action plan to include climate change considerations in its monetary policy strategy.
  • [1] The aims of this exercise were to (i) analyse the sensitivity of the Eurosystem’s financial risk profile to climate change; and (ii) enhance the Eurosystem’s climate risk assessment capabilities.
  • This climate risk stress test used scenarios developed by both the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) and the ECB.
  • Under the disorderly transition scenario, the implementation of climate policies is delayed, leading to severe transition risk but only limited physical risk.
  • These shocks are based on the aforementioned 2022 climate risk stress test by ECB Banking Supervision as well as on NGFS data.
  • This climate risk stress test of the Eurosystem balance sheet used the Eurosystem’s financial risk assessment framework as the basis for its risk estimation, using the aforementioned shocks.

Frank Elderson: Delivering on the Glasgow Declaration: actions by the ECB on the road through Sharm El-Sheikh to a Paris-compatible path

Retrieved on: 
Venerdì, Novembre 11, 2022
Communication, Carbon, NGFS, Speech, COP26, Risk management, Heat, Acceleration, Money, ECB, Reproduction, Risk, Flood, Association, Financial system, Biodiversity loss, Paris Agreement, European, Goal, Monetary Authority of Singapore, Glasgow, Time, Network, Climate, Supervisory board, Executive Board of the European Central Bank, Frankfurt, Industry, Board of directors, European Central Bank, Television, Management, Renewable energy, EU

[1]

Key Points: 
  • [1]
    I have since passed the baton of chairing the NGFS to Ravi Menon, Managing Director of the Monetary Authority of Singapore.
  • In our monetary policy, for example, last month we started tilting our corporate bond purchases towards issuers with a better climate performance.
  • And in our work as banking supervisors, we have continued to roll out what I previously described as an immersive approach to the supervision of climate-related and environmental risks.
  • [2] An approach in which these risks are fully integrated into the day-to-day activities of our joint supervisory teams, who are in constant contact with banks.
  • For the banks under our supervision, we are contributing to this by proactively sharing the good practices we see.
  • And that end can be one thing only: practices and policies that are fully aligned with a Paris-compatible transition path.
  • But we cannot assess the success of our actions based on our point of departure.
  • Droughts, floods, heatwaves, and biodiversity loss are undeniably on the rise as very real manifestations of the climate and environmental crises.
  • Join us in urgently taking all the steps necessary to ensure that our journey through Sharm El-Sheikh takes us to Paris in time.

COP27 UN "Credible" Plan to Meet NetZero with No Greenwashing is a "Boom and Fizzle" Demolished by Finnish Materials Study says Friends of Science

Retrieved on: 
Giovedì, Novembre 10, 2022
Zero, Report, Review, Road, Open letter, Carbon, Climate change, NGFS, COP26, Build Back Better, McKenna, Friends of Science, Weather, Copper, Too Far, Literature, Geological Survey of Finland, CO2, National Observer, UN, Ecojustice Canada, Financial system, State observer, Friends, Growth, Outline, Paris Agreement, COP27, Area studies, Paris, Compliance, JPMorgan Chase, Climate, Contract, National, Government, Deutsche Bank, Geology, Royal Bank of Canada, University, NetZero, Carbon accounting, Competition Bureau, Associate, Science Society of China, G20, Industry, UNFCCC, Lithium, Competition, Renewable energy, Agriculture, Science

CALGARY, Alberta, Nov. 10, 2022 /PRNewswire-PRWeb/ --  As reported by the National Observer, Nov. 08, 2022, the UN High Level Expert Group (HLEG) led by Catherine McKenna, claims to outline a credible plan to achieve net-zero greenhouse gas emissions to prevent greenwashing, but Friends of Science says the UN HLEG forgot to do a feasibility study; a Finnish materials study by Simon Michaux renders the UN greenwashing report moot and a 'boom and fizzle.' Friends of Science Society expresses concern over the evermore tyrannical tone of demands for mandatory reporting and NetZero compliance, when it is a physical impossibility.

Key Points: 
  • Friends of Science Society expresses concern over the evermore tyrannical tone of demands for mandatory reporting and NetZero compliance, when it is a physical impossibility.
  • Friends of Science have issued an Open Letter to the Competition Bureau exposing the fallacy of the charges, one fact being that NetZero targets are unattainable, confirmed by Simon Michaux's comprehensive study.
  • The CLINTEL group of more than 1400 scientists and scholars say there is no climate emergency; natural factors drive climate change.
  • Friends of Science Society is an independent group of earth, atmospheric and solar scientists, engineers, and citizens that is celebrating its 20th year of offering climate science insights.

Qontigo integrates Ortec Finance's climate risk scenarios into enterprise risk management solution, Axioma Risk

Retrieved on: 
Mercoledì, Ottobre 26, 2022
Zero, STOXX, NGFS, Risk, ESG Solutions, Policy, Solution, Multimedia, Partnership, Technology, Goal, DAX, Climate change, Disorderly conduct, Renewable energy, Risk management

Qontigo integrates Ortec Finance's climate risk scenarios into enterprise risk management solution, Axioma Risk

Key Points: 
  • Qontigo integrates Ortec Finance's climate risk scenarios into enterprise risk management solution, Axioma Risk
    With increasing regulatory pressures worldwide, asset managers and asset owners require more robust insights into their exposures to climate risk.
  • Through combining Ortec Finance's state of the art climate risk-aware economic and financial scenarios with Qontigo's unique portfolio management and risk analysis solutions, clients can seamlessly translate climate transition scenarios to their portfolios to assess exposure and climate resilience.
  • Axioma Risk clients can calculate their portfolio analytics and stress test scenarios under different market conditions to help make better informed, climate aware decisions," said Lisa Eichler, Managing Director Climate & ESG Solutions at Ortec Finance.
  • Utilizing Axioma Risk's customizable scenario engine, we mapped Ortec Finance's climate-informed projections to risk factors in Axioma Risk, allowing clients to gain insight into the drivers of climate risk that aligns with their overall portfolio risk assessments.

COP27 It is All About the Money says Friends of Science; Be Glad the Climate Emergency is Over

Retrieved on: 
Giovedì, Ottobre 20, 2022
Dark, African Group, Time, Science Society of China, CO2, NGFS, Financial system, Things Are Getting Better, Network, Review, Electricity, Conference, Gross domestic product, Disaster, Financial Times, Bank, Carbon, Global Environment Facility, COP27, National Association, World Meteorological Organization, Samuel, Bank of Canada, Medicare, NetZero, Lyman, Friends, Wind, Safety, Network for Greening the Financial System, Climate, Money, Royal Bank of Canada, Weather, Climate change, Literature, Friends of Science, RCP, Nord, WMO, National Association of Scholars, Risk management, Renewable energy, Oil, Science

CALGARY, Alberta, Oct. 20, 2022 /PRNewswire-PRWeb/ -- As the COP27 UN Climate Conference approaches in Sharm El-Sheikh, Egypt (Nov 6-18, 2022), developing nations are jostling for 'loss and damage' climate reparations to dominate discussions, as reported by the Financial Times, Oct. 09, 2022, demands which are unlikely to be met, says Friends of Science Society.

Key Points: 
  • WMO "State of Climate Services" report appears to rely on the implausible RCP 8.5 scenario, without which the 'climate emergency' disappears and there is no need to race to NetZero.
  • "For years, the agreed target [for climate aid to developing nations] was $100 billion per year up to 2025, a target that was never reached.
  • (In 2021, it is estimated that the richer countries provided about $75 billion in various forms of bilateral and multilateral climate aid).
  • Friends of Science says that without the implausible scenarios RCP 8.5 and 6, the perceived climate emergency is over.