The Financial Stability Board (FSB) has delivered a report to the July 2025 meeting of G20 Finance Ministers and Central Bank Governors. It provides a factual update on the work undertaken by the FSB, standard-setting bodies and other international organisations in the four areas identified by the 2021 ‘Roadmap for Addressing Climate-related Financial Risks’. The Roadmap had been welcomed by the G20 in 2021.
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Report maps biodiversity risk management by insurers
A report from the European Insurance and Occupational Pensions Authority (EIOPA) maps current practices and challenges in the identification, measurement and management of biodiversity risks by insurers and reinsurers as part of the existing Solvency II risk management framework.
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The Climate Finance Vulnerability Index shows how hot the world is
The Climate Finance Vulnerability Index (CliF-VI) provides a comprehensive understanding of nations' climate vulnerability to help improve the targeting and provision of climate change adaptation financing. It shows a country’s climate and financial vulnerability as well as governance considerations that may impact lending.
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13 May 202526 July 2025Climate, Regulation, Updates
Law Society: on the front foot re climate risks
The Law Society in the UK has launched new guidance to help solicitors navigate climate change in property transactions. The Law Society said that, as climate risks become more prevalent, solicitors may need to highlight relevant legal issues to clients during property transactions. Its new practice note includes practical guidance to help address common challenges identified by solicitors.
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Sulphur emission limits set for the Mediterranean Sea
The Mediterranean Sea has officially become an Emission Control Area under MARPOL Annex VI. The sulphur content in fuel oil for ships operating in the area is now limited to 0.1%, significantly reducing air pollution and delivering major benefits to both human health and the marine environment.
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24 April 202526 July 2025Nature, Regulation, Updates
IFRS Foundation and TNFD team up on nature
The IFRS Foundation and the Taskforce on Nature-related Financial Disclosures (TNFD) have signed a Memorandum of Understanding committing to build upon the TNFD recommendations in the ongoing work of the International Sustainability Standards Board (ISSB), to enable nature-related financial disclosures for use by capital markets. The ISSB will consider the relevance of the TNFD recommendations in meeting the needs of global capital markets.