FEM logo
Fund EcoMarket

the sustainable, responsible and ethical investment information hub

New PRA report: The Impact of climate change on the UK banking sector

September 30th, 2018

The Bank of England has taken a leadership position on climate change for a number of years.

Governor Mark Carney’s ‘Tragedy of the horizons’ speech in 2015 set the scene for how the Bank viewed the issue of climate risk.

Their subsequent work on the FSB TCFD framework has put climate change on the agenda for many companies… and looks set to be increasingly important.

In September 2018 the regulatory arm of the Bank, the PRA, published a new paper  Transition in thinking: The impact of climate change on the UK banking sector.

Further information about the Bank’s climate-related work can be found in the Quarterly Bulletin article on the Bank’s response to climate change, or on the Bank’s climate change page

Sign Up to our Newsletter

If you are a Financial Services Industry professional you can sign up for our newsletter

Click Here

Latest News

New Fund EcoMarket brochure available for download
April 13, 2021
Fund EcoMarket brochure 2021

I am delighted to be able to share our new (A4) downloadable & printable Fund EcoMarket brochure… Download via this link: FEM brochure April 2021 Final The brochure includes the following: An introduction to the Fund EcoMarket fund database tool A snapshot of the number of funds in each of our ‘SRI Styles’ A ‘filter field […]

Climate considerations now embedded across main UK financial regulators
March 25, 2021

During UKSIF’s excellent ‘Ownership Day’ event today I was delighted to hear from their keynote speaker Mark Manning of the FCA, that the Chancellor of the Exchequer Rishi Sunak has formally written to Nikhil Rathi, Chief Executive of the FCA, with notification that the government now requires climate change to form part of the regulator’s […]

SRI Styles update – ‘ethical’ funds now in single category
March 16, 2021

We have today updated our Fund EcoMarket ‘SRI Styles’ fund classifications to combine ‘Negative Ethical’ and ‘Balanced Ethical’ funds into a single style now called simply: ‘Ethical’. When we created Fund EcoMarket back in 2010 by far the largest proportion of funds in this area were referred to as ‘ethical’ – and focused significantly on […]