Collapse in demand for natural gas in Germany in the coming decades
Deloitte study forecasts drastic decline by 2050. Natural gas share in energy supply shrinks by 95%, especially in the building sector. New investments in natural gas projects are risky.
Reporting according to EU taxonomy still not very meaningful
Reported taxonomy capability and compliance differ widely among industrial companies in some cases. Only two-thirds of industrial companies use the mandatory EU template for reporting. Financial institutions still collect taxonomy indicators largely inconsistently.
Climate-related and environmental risks in loan pricing
Integrating climate and environmental factors into loan pricing is a complex and far-reaching challenge for European banks. It goes to the heart of their business – balance sheet management. There is much to do, and little time. This article introduces the key implications for banks, and some suggested steps to tackle this challenge.
“Frankfurt is the centre of global sustainability standards.”
Hesse’s Minister of Finance Michael Boddenberg visits the International Sustainability Standards Board (ISSB) in its Frankfurt Office in order to exchange ideas on current developments in corporate sustainability reporting.
WAIFC’s Global Footprint and Commitment to Sustainability: Hubertus Vaeth Reflects on Achievements as Co-founder
Hubertus Vaeth addresses the challenges faced by Frankfurt Main Finance, in the third quarter of 2023. During this interview, it is also highlighted the notable achievements of the World Alliance of International Financial Centers (WAIFC) and he shares his objectives as a co-founder.
ISSB issues inaugural global sustainability disclosure standards
The International Sustainability Standards Board (ISSB) has today issued its inaugural standards—IFRS S1 and IFRS S2—ushering in a new era of sustainability-related disclosures in capital markets worldwide.
Finance Montréal and Frankfurt Main Finance jointly sign statement of intent to support ISSB
Today, the two financial centre initiatives signed a joint statement of intent to support the Global Baseline in Sustainability Reporting by the ISSB. Montréal and Frankfurt are both home to the ISSB’s offices.
Study: Sustainable funds barely transparent
The new white paper by FMF member PwC in cooperation with Morningstar shows that the inconsistent data situation makes it difficult to compare sustainable funds and investment decisions.
ESG study: Big ambitions, little drive
Few companies succeed in operationalizing ESG goals or using high-quality ESG data to drive transformation
CxO Sustainability Survey 2023: More investments in sustainability despite economic uncertainty
Climate change is one of the top three priorities for board members of German companies. According to Deloitte’s “Cx0 Sustainability Survey 2023”, 76% of German companies increased their sustainability investments in 2022.
