Europe’s top financial supervisory authorities have unveiled a comprehensive framework designed to integrate environmental, social, and governance risks into the stress testing practices of banks and insurance companies across the European Union, marking a significant step toward climate-resilient financial oversight. The European Supervisory Authorities (ESAs), comprising the European Banking Authority (EBA), the European Insurance and […]

The European Central Bank has announced an intensified supervisory approach to climate and environmental risks following the successful completion of its two-year Climate and Nature Plan, signaling a pivotal shift from policy framework development to rigorous implementation and enforcement across Europe’s banking sector. The announcement, made on January 16, 2026, comes as the ECB concludes […]

Cytora, a configurable digital risk processing platform for commercial and specialty insurance, has formed a strategic partnership with Climatig, an award-winning provider of detailed physical climate risk calculations, to deliver science-backed climate intelligence directly into underwriting workflows at the point of decision-making. The integration embeds Climatig’s advanced climate analysis capabilities directly into the Cytora platform, […]

Major oil and gas-producing countries including Canada, the United Kingdom, and Australia are systematically failing to provide transparent reporting on the costs to shut down and decommission fossil fuel infrastructure, creating substantial financial and regulatory risks for investors that cannot properly assess long-term liabilities, according to a comprehensive new study by Carbon Tracker Initiative. The […]