ECB, ESRB Report Finds Climate Shocks Can Spread Quickly Across Banks, Companies, Financial System
A new report, “The macroprudential challenge of climate change,” published by European Central Bank (ECB) and the European Systemic Risk Board (ESRB) explores how climate shocks can affect the European financial system, particularly examining the systemic nature of climate risks, and discussing options for a coordinated European macroprudential policy response. One of the key findings was the interconnected nature of risks from climate transition and physical hazard-related issues.Read more
Nestlé Opens $340 Million Green Electricity-Powered, Zero Wastewater Coffee Factory in Mexico
Nestlé’s sustainability commitment made last year aims to achieve 100% responsibly sourced coffee by 2025, 100% recyclable or reusable packaging by 2025, alongside investments in climate-related actions across the supply chain to decrease environmental impact.Read more
