Central banks around the world are responsible for ensuring economic and financial stability. So why would some of them minimize perhaps the most significant threat to the future of our society and its financial markets – climate change?
Climate change threatens the futures of our planet and our people, but its impacts are not limited to physical threats that are gathering momentum, including increasing temperatures, rising sea levels, and intensifying storm systems.
The financial institutions that help regulate our societies are at risk as well, So when some financial regulators take a business-as-usual approach to climate change, they are creating additional risk to a livable world.
Apr. 6, 2021 /3BL Media/ Despite recent progress from some financial regulatory agencies, the majority of U.S. financial regulators still lag far behind their global peers, and far behind what scientists and economists deem necessary to protect the U.S. financial markets from the systemic risks posed by the climate crisis—according to a new report released today from the Ceres Accelerator for Sustainable Capital Markets.
February 17, 2021 /3BL Media/ - The sustainability nonprofit Ceres issued formal comments to the Federal Reserve Board of Governors today, urging the agency to strengthen and modernize the Community Reinvestment Act (CRA) by incorporating considerations of climate resilience and racial justice.
Affirmation comes days after Federal Reserve Chairman Powell confirms agency's responsibility to protect against systemic risk of climate change
November 11, 2020 /3BL Media/ - The U.S. Federal Reserve included climate change in a list of key risks to U.S. financial stability today, in what Steven M. Rothstein, Managing Director of the Ceres Accelerator for Sustainable Capital Markets calls "a dramatic step toward tackling climate change as a systemic financial risk.”
The COVID-19 pandemic has impacted every part of the global supply chain — from procurement and logistics to manufacturing and warehousing.
This guide explores the far-reaching implications of this global crisis on key areas of supply chain operations, including: sourcing and procurement, manufacturing, warehousing and distribution and transportation and logistics.
It also identifies current trends and outlines strategies to support your business on the long road to economic recovery.
Lately, I have found that unusual conversations are occurring in unexpected places. For example, the Community Affairs staff at the Federal Reserve Bank of Boston hosted a roundtable event this week on “Financing Disability Housing in New England”.