Banking Regulators Start Climate Stress Tests

BANKING REGULATORS START CLIMATE STRESS TESTS “Climate change has the potential to cause substantial disruption to our economies, businesses and livelihoods in the coming decades. Yet the associated risks remain poorly understood, as climate shocks differ from the financial shocks observed during previous crises.” That is the opening of the latest month’s blog post by […]

IntesaSanpaolo, manager’s bonus pegged to new criteria ESG

IntesaSanpaolo, manager’s bonus pegged to new criteria ESG A 274-page document. This is the size of the consolidated non-financial statement (Dnf) of the Intesa Sanpaolo group. Which has interesting new features such as the new indicator (Kpi) to which the variable part of the remuneration of 4 top managers and 35 managers has been linked: […]

Amazon illegally fired two activists in a “David vs. Goliath” fight.

Amazon illegally fired two activists in a “David vs. Goliath” fight. Claims of unfair labor practices at Amazon have become very common over the last few years. Although Amazon’s starting wage of 15$ an hour is twice the federal minimum in the US, the working conditions and the labor practices implemented by the Seattle based […]

ARE WE MOVING TOWARDS A LOW-CARBON WORLD?

ARE WE MOVING TOWARDS A LOW-CARBON WORLD? Sustainability metrics allow investors to evaluate funds based on their environmental, social and governance (ESG) risks and opportunities. This analysis can provide insights on the effectiveness of portfolio management in a long-term financial perspective. Moreover, business commitment metrics can help investors to gain a more comprehensive overview of […]

PLAY HARD, WORK HARDER: the Investment banking approach

PLAY HARD, WORK HARDER: the Investment banking approach In 1994, Brian Mullen, now Chief Executive Officer and Managing Director at Coady Diemar Partners, provided an interesting definition of “being busy”: “You’re “busy” if you are working each weekday at least 16 hours and at least 16 hours on the weekend”. Keeping in mind the events […]

Is Wall Street a climate change’s ally?

Is Wall Street a climate change’s ally? The 60 largest banks in the world have pumped about $ 3.8 trillion in fossil fuels since the 2015 Paris Agreement. One of the climate agreement aims was to mobilize financial markets to support the transition from fossil fuels to renewable energy sources. However, banks provided more capital to oil, gas and coal companies in […]