An Update on Mark Carney

England - Nov 02 2018
  • #carbon/climate change
  • #climate
  • #credit risk

On Monday, October 15, the Bank of England's Prudential Regulation Authority stated that it had high expectations in terms of companies' practices regarding financial risks related to climate change. One of the new measures following this statement is the requirement for banks and insurance companies to appoint a senior executive in charge of reporting climate change risks to the Board.

This decision aims to address the fact that – as revealed in a recent survey –, only 10% of English banks have a long-term view of climate change risks. This is an opportunity to update approaches to manage the three types of company risks that the Governor of the Bank of England Mark Carney had mentioned in his 2015 speech prior to COP 21: physical risks, transition risks and liability risks. Physical risks for example are significant as illustrated by current estimates of the costs of natural disasters and their trend.

In 2017, the overall loss figure for all types of natural disasters reached the amount of USD 330 bn, almost the double of the ten-year inflation-adjusted average of USD 170 bn, without forgetting that these disasters also have major human impacts in terms of health, mortality, living conditions or migration. In addition, the revaluation of carbon-intensive financial assets and the heavy cost of legal proceedings against inaction could translate into significant transition and liability costs. Both pretty likely if the perception of the negative impacts of climate change intensifies.

Félix Fouret, Carbon/Climate Analyst - Sources: Beyond Ratings, Munich RE, Financial Times, AEF Info

Our latest
publications

Title
Category
Tag
Country
Date
Weekly food for thought
#Carbon/Climate Change #Environment
Global
2019-06-25
Weekly food for thought
#ESG
Global
2019-06-25
Weekly food for thought
#ESG
France
2019-06-25
Analyst insight
#Carbon
Europe
2019-06-25
Weekly food for thought
#Carbon
Global
2019-06-25
Weekly food for thought
#ESG
Global
2019-06-25
Weekly food for thought
#Credit Risk
United States
2019-06-25
Analyst insight
#Environment
Northern Area
2019-06-25
Weekly food for thought
#Carbon/Climate Change
Europe
2019-06-25
Weekly food for thought
#ESG
France
2019-06-25
Weekly food for thought
#Credit Risk
Peru
2019-06-25
Weekly food for thought
#Carbon #Carbon/Climate Change
World
2019-06-25
Weekly food for thought
#ESG
France
2019-06-25
Weekly food for thought
#Credit Risk #GDP
Europe
2019-06-25
Weekly food for thought
#Carbon/Climate Change
Global
2019-06-25
Weekly food for thought
#ESG
Global
2019-06-25
Weekly food for thought
#Credit Risk
France
2019-06-25
Analyst insight
#Credit Risk #France
Europe
2019-06-25
Weekly food for thought
#ESG
Global
2019-06-25
Weekly food for thought
#Carbon/Climate Change
Global
2019-06-25
Weekly food for thought
#ESG
Global
2019-06-25
Weekly food for thought
#GDP
Europe
2019-06-25
Analyst insight
#ESG
Global
2019-06-25
Weekly food for thought
#Carbon #Carbon/Climate Change
Global
2019-06-25
Weekly food for thought
#Carbon #ESG
France
2019-06-25
Weekly food for thought
#Credit Risk
Global
2019-06-25
Weekly food for thought
#Carbon #Carbon/Climate Change
Global
2019-06-25
Weekly food for thought
#ESG
Europe, USA
2019-06-25
Weekly food for thought
#GDP
France
2019-06-25
Analyst insight
#Environment
France
2019-06-25
Weekly food for thought
#Carbon #Carbon/Climate Change
Global
2019-06-25
Weekly food for thought
#Carbon/Climate Change #ESG
Global
2019-06-25
Weekly food for thought
#Credit Risk #GDP
China
2019-06-25
Weekly food for thought
#Carbon #Carbon/Climate Change
Global
2019-06-25
Weekly food for thought
#ESG
USA
2019-06-25
Weekly food for thought
#GDP
Global
2019-06-25
Analyst insight
#Credit Risk #Sovereign Debt
Global
2019-06-25
Weekly food for thought
#Carbon #Climate #IPCC #WMO
Global
2019-06-25
Weekly food for thought
#Carbon #Inequality #Paris Agreement
France
2019-06-25
Weekly food for thought
#GDP #Sovereign Debt
Italy
2019-06-25
Analyst insight
#Credit Risk #GDP #Geopolitics #Sovereign Debt
Global
2019-06-25
Weekly food for thought
#Environment
Global
2019-06-25
Weekly food for thought
#Carbon #Carbon/Climate Change #GDP
Global
2019-06-25
Weekly food for thought
#GDP
France
2019-06-25
Weekly food for thought
#Carbon #Carbon/Climate Change #Environment
Global
2019-06-25
Weekly food for thought
#Carbon #Carbon/Climate Change #Climate #Environment
Global
2019-06-25
Weekly food for thought
#Carbon #Carbon/Climate Change #Climate #Environment
Global
2019-06-25
Analyst insight
#GDP
Brasil
2019-06-25
Weekly food for thought
#Environment
Venezuela
2019-06-25
Weekly food for thought
#Environment #Natural Capital
Norway
2019-06-25
Analyst insight
#Carbon #Carbon/Climate Change #Climate
United Kingdom
2019-06-25
Weekly food for thought
#Agriculture #Biodiversity #Climate #GHG #Greenhouse gases
Global
2019-06-25
Weekly food for thought
#Biodiversity #Climate #Environment #ESG #IPCC #Oceans #SIDS
Global
2019-06-25
Weekly food for thought
#Credit Risk #GDP
France
2019-06-25
Weekly food for thought
#Carbon/Climate Change
Europe
2019-06-25
Weekly food for thought
#Carbon/Climate Change
France, Canada
2019-06-25
Weekly food for thought
#Credit Risk #GDP
Argentina
2019-06-25
Analyst insight
France, Egypt
2019-06-25
Weekly food for thought
#Carbon #Carbon/Climate Change #Climate
France
2019-06-25
Weekly food for thought
#GDP #Sovereign Debt
Germany
2019-06-25
Weekly food for thought
#Environment #ESG
Global
2019-06-25
Analyst insight
#GDP #Natural Capital #Sovereign Debt
South Africa, France
2019-06-25
Weekly food for thought
#Credit Risk #Sovereign Debt
United States
2019-06-25
Weekly food for thought
#Carbon/Climate Change
Global
2019-06-25
Weekly food for thought
#Carbon/Climate Change #Environment #ESG
Global
2019-06-25
Weekly food for thought
#Carbon/Climate Change #Climate
Global
2019-06-25
Weekly food for thought
#ESG
India
2019-06-25
Weekly food for thought
#Credit Risk #GDP
USA, Japan, European Union
2019-06-25
Weekly food for thought
#Carbon #Carbon/Climate Change #GDP #Paris Agreement #Sovereign Debt
Global
2019-06-25
Weekly food for thought
#Climate #Environment #Paris Agreement
Small Island Developing States, Global, Barbados, Fiji
2019-06-25
Weekly food for thought
#Credit Risk #GDP #Sovereign Debt
Venezuela
2019-06-25
Analyst insight
#Carbon #Carbon/Climate Change #Climate #Credit Risk
Global
2019-06-25
Analyst insight
Global
2019-06-25
Weekly food for thought
#Carbon #Carbon/Climate Change #Climate
Global
2019-06-25
Weekly food for thought
#Credit Risk #GDP
Global
2019-06-25
Analyst insight
#Biodiversity #Environment #Natural Capital
Brazil
2019-06-25
Weekly food for thought
#Credit Risk #Sovereign Debt
United States
2019-06-25
Weekly food for thought
#Carbon/Climate Change
Global
2019-06-25
Analyst insight
#Credit Risk #Sovereign Debt
United States
2019-06-25
Analyst insight
#Carbon/Climate Change #Credit Risk #ESG #Natural Capital
Global
2019-06-25
Analyst insight
#Carbon #Carbon/Climate Change
Europe
2019-06-25
Weekly food for thought
#Carbon #Carbon/Climate Change #Climate #Paris Agreement
France
2019-06-25
Weekly food for thought
#Credit Risk #Sovereign Debt
Europe
2019-06-25
Weekly food for thought
Global
2019-06-25
Analyst insight
Global
2019-06-25
Weekly food for thought
France
2019-06-25
Weekly food for thought
#Carbon/Climate Change #ESG
Global
2019-06-25
Weekly food for thought
Global
2019-06-25
Weekly food for thought
Global
2019-06-25
Weekly food for thought
Global
2019-06-25
Analyst insight
#Biodiversity #Climate #Environment #Natural Capital #Paris Agreement
Global
2019-06-25
Weekly food for thought
United States
2019-06-25
Weekly food for thought
Italy
2019-06-25
Weekly food for thought
Global
2019-06-25
Analyst insight
Middle East & North Africa
2019-06-25
Weekly food for thought
Global
2019-06-25
Weekly food for thought
Global
2019-06-25
Research note
#Carbon #Carbon/Climate Change #Climate #Paris Agreement
Global
2019-06-25
Weekly food for thought
Global
2019-06-25
Analyst insight
All
2019-06-25
Weekly food for thought
United States
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
#Carbon/Climate Change #Climate #Credit Risk
England
2019-06-25
Weekly food for thought
Global
2019-06-25
Weekly food for thought
Germany
2019-06-25
Analyst insight
Brazil
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
Italia
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
Canada
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
All
2019-06-25
Analyst insight
Sweden
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
Italia
2019-06-25
Analyst insight
All
2019-06-25
Weekly food for thought
USA
2019-06-25
Analyst insight
All
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
United Kingdom
2019-06-25
Weekly food for thought
United Kingdom
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
All
2019-06-25
Research note
All
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
Russia
2019-06-25
Analyst insight
Argentina
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
European Union
2019-06-25
Analyst insight
European Union
2019-06-25
Analyst insight
Greece
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
European Union
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
Cuba
2019-06-25
Weekly food for thought
All
2019-06-25
Analyst insight
Greece
2019-06-25
Weekly food for thought
European Union
2019-06-25
Weekly food for thought
French Guyana
2019-06-25
Weekly food for thought
#Sovereign Debt
Russia
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
Venezuela
2019-06-25
Analyst insight
All
2019-06-25
Weekly food for thought
United Kingdom
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
France
2019-06-25
Weekly food for thought
European Union
2019-06-25
Weekly food for thought
All
2019-06-25
Weekly food for thought
France
2019-06-25

Let's keep in touch!

This field is required
Invalid email

Register to our newsletter to be the first to hear about ...

Get started

More investors are choosing Beyond Ratings' proprietary ESG-augmented financial metrics to gain a 360° view of company and country ESG performance.