The Bank of England (BoE) issued a report setting out its latest thinking on climate-related risks and regulatory capital frameworks, including the challenges it encountered and further work required in determining how climate change will impact the financial institutions it regulates, as reported by Reuters on March 13. The report found that existing capability and regime gaps create uncertainty over...

Microsoft [MSFT:US] signed a two-year agreement with US-based ocean health company Running Tide to remove 12,000 tons of carbon dioxide equivalent (C02e), as reported by ESG Today on March 10. Running Tide is designing and implementing an ocean-based carbon dioxide removal (CDR) system that uses natural processes such as photosynthesis and...

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