Fewer than 1% of companies align capital expenditure with decarbonisation goals
The State of the Corporate Transition 2025 report has been published by the TPI Global Climate Transition Centre (part of the LSE) , an independent and authoritative source of research on low-carbon economy. This year’s report assessed 2,000 of the world’s highest-emitting public companies on their climate action across 24 sectors, collectively representing approximately three-quarters…
Failure to assess materiality of climate-related risks leads to €187,650 fine
In 2020 with the European Central Bank (ECB) published the ECB Guide on climate-related and environmental risks (the Guide), which explained how banks are expected to prudently manage and transparently disclose such risks. The Guide states that institutions should ‘.. explicitly consider climate-related and environmentalchanges to their macroeconomic and regulatory environment and their competitivelandscape, in…
How does climate litigation risk affect the cost of borrowing?
In August 2025, the European Central Bank published a paper by Andreas Beyer and Lorenzo Nobile entitled: “The impact of climate litigation risk on firms’ cost of bank loans.” We already know that climate litigation on its own can be very expensive for firms. This new research is of utmost importance to firms as bank…
Seven highlights from the ICJ’s Climate Change Advisory Opinion
What began as a campaign by law students at The University of South Pacific led to the Pacific Island State of Vanuatu seeking an Advisory Opinion on climate change from the principal judicial organ of the United Nations, the International Court of Justice (ICJ, the Court). The request was supported by over 130 States. The…
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Private Goodness 