Pressure is mounting on institutional investors to reduce the greenhouse gas emissions resulting from their fossil fuel-related investments. The latest climate change assessments indicate that 1.5°C emission pathways require (1) halving CO2 emissions between 2010 to 2030, and net zero CO2 in 2050;...

The overwhelming majority of publicly listed companies around the world still does not disclose their carbon emissions, and even fewer privately held companies do so. We argue that mandatory carbon disclosures for public and private companies can make an elementary but essential contribution to...

There is increasing interest in assessing the impact of climate policies on the value of financial sector assets, and consequently on financial stability. Prior studies either take a “black box” macro-modelling approach to climate stress testing or focus solely on equity instruments –...