Continuing with our analysis, in February 2022, 3 relevant events occurred regarding climate change. At the beginning of the month, the Bank of England launched a second round of climate stress tests for both insurers and large UK banks. This second round seeks to understand the challenges posed by climate risks to banks’ business models and to gauge their possible responses.
As a second piece of news, the Mizuho financial group launched a $500 million green bond in February to finance any green project in line with its sustainable financing plan.
Finally, and as a third remarkable news, the major energy company Iberdrola announced a 10 billion investment plan for 3 offshore parks of 2,800 MW in Massachusetts, seeking to double its renewable energy capacity in the U.S. and reduce CO2 emissions. All this launch is aligned with Iberdrola’s 2020 plan to invest 75 billion.
Iberdrola plan news:
https://www.esgtoday.com/iberdrola-e75-billion-capital-plan-includes-massive-investments-in-renewables/https://lnkd.in/dc5gNBm
