Bank of America pledges £1.2m to the University of Oxford to support ground-breaking greenhouse gas removal and sustainable finance research at the Smith School of Enterprise and the Environment.

Dr Ben Caldecott and Professor Nathalie Seddon have been appointed to the Adaptation Committee of the U.K.’s Climate Change Committee, an independent, statutory body established under the Climate Change Act 2008 to advise U.K. policy makers.

The data used in the analysis of sustainability-related factors has much room for improvement. Data quality affects our ability to understand exposures to different climate and environmental risk factors and how these change over time, the contributions to positive and negative externalities, and the vulnerabilities facing investments.

Christian Wilson and Dr Ben Caldecott explain the need for financial institutions to rapidly end fossil fuel expansion in light of the International Energy Agency's Net Zero Emissions by 2050 Scenario. Russia’s illegal war against Ukraine makes this transition more urgent, because it will reduce 

US$150 billion per year. That's the expected additional loss that the financial sector could face when climate action by companies is delayed, according to the launch report of a joint initiative by the Oxford Sustainable Finance Group at the University of Oxford and the non-profit think tank 2° Investing Initiative.

On July 15, the Spatial Finance Initiative, part of the UK Centre for Greening Finance and Investment (CGFI), will launch a new report into the current use, and future potential of, these rapidly advancing technologies within finance.