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Green Central Banking @greencb.bsky.social · 1h

After the East & SE Asia Green Central Banking Scorecard launch, Bangko Sentral ng Pilipinas’ Pia Tayag spoke to GCB's @moriahcosta.bsky.social

🇵🇭 The Philippines is facing disasters from climate change & BSP is working to make its financial system resilient to the risk

How the Philippines' central bank is helping financial institutions become climate resilient

Climate change has made flooding worse in the Philippines. Its central bank wants its financial sector to become more resilient and adapt to climate change risk.

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Green Central Banking @greencb.bsky.social · 3h

Climate-related social risks stem from climate impacts & policy shifts — driving inflation, migration & instability. 🌍⚖️

Alexander Weston & Judith Tyson of Just Transition Finance Lab say central banks must recognise these risks to strengthen financial stability.💰

‘Social macro’: a new frontier for climate risk

Addressing climate social risks is key for climate policy and financial risk management, write analysts Alexander Weston and Judith Tyson.

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Green Central Banking @greencb.bsky.social · 9h

Across our coverage, one message stands out: the omnibus risks diluting Europe’s sustainability framework just when reliable, comparable data is most needed. 🌍📊

Follow @greencb.bsky.social for updates on sustainable finance and central banking.

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Green Central Banking @greencb.bsky.social · 9h

Now the @europarl.europa.eu’s @juri.europarl.europa.eu is due to vote 🗳️ on 13 October.

The outcome will shape the Parliament’s stance ahead of talks with the Council.

Lawmakers fail to reach agreement on sustainability Omnibus as key vote looms

Lead Parliament negotiator has proposed two options, one of which he says has majority backing.

www.responsible-investor.com

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Green Central Banking @greencb.bsky.social · 9h

🌍 @globalwitness.org’s @beatebeller.bsky.social added: financial institutions “must not remain exempt from accountability for their impact on people and planet.”

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Green Central Banking @greencb.bsky.social · 9h

A letter from 30 groups — including @shareaction.bsky.social, @oxfameu.bsky.social, @ourfinancialsecurity.org & the @eeb.org — urged #Brussels to keep the CSDDD’s financial review clause. ✉️

Investors urge Brussels to keep financial review clause in CSDDD

A group of 30 investors and human rights advocates urged European lawmakers to keep a financial review clause in the CSDDD which would be removed under the omnibus proposal.

greencb.co

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Green Central Banking @greencb.bsky.social · 9h

Hans Stegeman of Triodos Bank warned that, under “simplification”, key rules are being “diluted or postponed.” ⚠️

He argued that sustainability is “a strategic imperative” — and that smart regulation enables competitiveness.

Why EU omnibus should rebalance the costs of sustainability

Simplification of EU reporting rules could make transparency less costly, says Hans Stedeman of Tridos Bank, but confusing greater clarity with deregulation is dangerous.

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Green Central Banking @greencb.bsky.social · 9h

Christine Lagarde (@president.ecb.europa.eu) also cautioned that such cuts would “limit the availability of firm-level data” essential for #ClimateRisk assessment. 📊

Lagarde warns against cutting EU corporate sustainability rules too much

EU omnibus reforms risk limiting the climate data ECB needs to consider risks to financial system.

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Green Central Banking @greencb.bsky.social · 9h

The @ecb.europa.eu, Dutch AFM & @eba.europa.eu warned that cutting back the #CSRD and #CSDDD could raise financial risks 📉 and reduce the data needed for effective supervision.

EU regulators warn omnibus proposal could increase financial risk

The EU’s omnibus proposal could increase financial risk and make it harder for the bloc to transition to a green economy, regulators warn.

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Green Central Banking @greencb.bsky.social · 9h

MEP @spietikainen.bsky.social said raising reporting thresholds would exclude 80% of companies under the #CSRD — weakening the EU Green Deal 🌱 and creating uncertainty.

EU omnibus proposal will undermine climate rules, says MEP Pietikäinen

The EU’s omnibus proposal will not only undermine the bloc’s climate efforts but could create more bureaucracy, says Finnish MEP Sirpa Pietikäine.

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Green Central Banking @greencb.bsky.social · 9h

Our Sustainability Omnibus Podcast, hosted by @moriahcosta.bsky.social & @nixonsimon.bsky.social, set the stage for the debate

From asset managers to MEPs, warn that simplification could weaken the EU’s sustainability framework & global leadership

The Sustainability Omnibus Podcast

The Sustainability Omnibus Podcast is a limited edition series to help listeners understand the complex nuances of the EU simplification agenda on

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Green Central Banking @greencb.bsky.social · 9h

Elderson’s warning comes as @ecb.europa.eu research shows that extreme weather 🌧️ could cut up to 5% from euro-area output over the next five years — a risk on par with the great financial crisis.

ECB's Elderson: No stepping back on climate

The ECB will take a business-as-usual approach to bank climate risk management, but proposed changes to CSRD could challenge those efforts, said ECB executive member Frank Elderson.

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Green Central Banking @greencb.bsky.social · 9h

Frank Elderson cautioned that “excluding too many firms from the #CSRD could impair the availability of comparable information about important parts of our economy.”

That’s why we’re revisiting a year of @greencb.bsky.social coverage on the EU’s proposed sustainability omnibus reforms. 🧵

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Green Central Banking @greencb.bsky.social · 3d

5️⃣ Credible supervision:

Supervisors should be watchdogs, not box-tickers. 🐾
Simpler frameworks let regulators focus on real threats, not paperwork.
That builds trust & strengthens the system’s integrity. 🏛️

Green Central Banking @greencb.bsky.social · 3d

4️⃣ Effective discipline:

Clearer rules create stronger oversight. 📋
When bank health is judged on simple metrics, both markets & the public can hold institutions to account.
Transparency & modular design strengthen discipline. ⚖️

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Green Central Banking @greencb.bsky.social · 3d

3️⃣ Greater modularity:

When systems are too interconnected, failure spreads fast. ⚡
Separating speculative investment from commercial banking helps contain risk.

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Green Central Banking @greencb.bsky.social · 3d

2️⃣ Higher buffers:

More equity means more resilience. 💪
Strong buffers cure moral hazard, reduce funding costs and protect the public from having to bail out failing

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Green Central Banking @greencb.bsky.social · 3d

1️⃣ Simplicity in rules:

Complexity breeds loopholes and hidden risks. ⚙️
Replacing intricate Basel risk-weights with a simple leverage ratio — equity divided by total assets — creates transparency and helps reveal true financial strength.

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Green Central Banking @greencb.bsky.social · 3d

The financial turmoil of 2023 was not an anomaly but a symptom of a system ill-equipped for the profound shocks that may lie ahead, writes Sunil Sharma of George Washington University.

Sharma sets out five pillars for a simpler, more resilient financial system. 👇 🧵

https://greencb.co/3KQb2YA

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Green Central Banking @greencb.bsky.social · 3d

#GreenCentralBanking roundup:

🇧🇷 Brazil breaks new ground, centring social justice in sustainable taxonomy
❌ Net-Zero Banking Alliance dissolves after mass exodus
🇪🇺 EU transition plan requirements face elimination amid political divisions

And more 👇

greencb.co/4oaAiXY

Roundup: Brazil’s groundbreaking sustainable taxonomy a ‘strategic opportunity’, says Baker McKenzie

Brazil’s taxonomy links social and green goals, the Net-Zero Banking Alliance falls, and the EU parliament is divided over transition plans.

greencb.co

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Green Central Banking @greencb.bsky.social · 3d

Across our coverage, one message stands out: the omnibus risks diluting Europe’s sustainability framework just when reliable, comparable data is most needed. 🌍📊

Follow @greencb.bsky.social for updates on sustainable finance and central banking.

Green Central Banking @greencb.bsky.social · 3d

Now the @europarl.europa.eu’s @juri.europarl.europa.eu is due to vote 🗳️ on 13 October.

The outcome will shape the Parliament’s stance ahead of talks with the Council.

Lawmakers fail to reach agreement on sustainability Omnibus as key vote looms

Lead Parliament negotiator has proposed two options, one of which he says has majority backing.

www.responsible-investor.com

1

Green Central Banking @greencb.bsky.social · 3d

🌍 @globalwitness.org’s @beatebeller.bsky.social added: financial institutions “must not remain exempt from accountability for their impact on people and planet.”

1

Green Central Banking @greencb.bsky.social · 3d

A letter from 30 groups — including @shareaction.bsky.social, @oxfameu.bsky.social, @ourfinancialsecurity.org & the @eeb.org — urged #Brussels to keep the CSDDD’s financial review clause. ✉️

Investors urge Brussels to keep financial review clause in CSDDD

A group of 30 investors and human rights advocates urged European lawmakers to keep a financial review clause in the CSDDD which would be removed under the omnibus proposal.

greencb.co

1

Green Central Banking @greencb.bsky.social · 3d

Hans Stegeman of Triodos Bank warned that, under “simplification”, key rules are being “diluted or postponed.” ⚠️

He argued that sustainability is “a strategic imperative” — and that smart regulation enables competitiveness.

Why EU omnibus should rebalance the costs of sustainability

Simplification of EU reporting rules could make transparency less costly, says Hans Stedeman of Tridos Bank, but confusing greater clarity with deregulation is dangerous.

greencb.co

1