European Central Bank Publishes Expanded 2024–2025 Climate and Nature Work Plan for Euro Area Banks
The ECB set out an expanded climate and nature agenda for 2024–2025 in January, covering nature-related risk assessment, greener monetary policy, and intensified scrutiny of banks' transition plans.
US Banking Agencies Confirm Climate-Risk Guidance Effective for $100 Billion-Plus Institutions from January 2024
Interagency climate-risk guidance finalised in October 2023 took effect in January 2024, requiring US banks with over $100 billion in assets to embed climate risk management.
Al Rajhi Bank Issues USD 2 Billion in Sustainable Sukuk and Achieves MSCI 'A' ESG Rating in 2024
Al Rajhi Bank issued USD 2 billion in sustainable sukuk, established a board-level ESG committee, and secured an MSCI 'A' rating in 2024, reinforcing its Vision 2030 alignment.
Tanzania's CRDB Bank Earns EDGE Green Building Certification and Publishes First TCFD Climate Report
CRDB Bank becomes Tanzania's first bank to receive IFC EDGE certification, cutting water use by 27% and energy use by 21%, while launching a TZS 1.171 trillion green bond programme.
Morocco's Attijariwafa Bank Sets MAD 20 Billion Sustainable Lending Target by 2026
Attijariwafa Bank has announced a MAD 20 billion sustainable portfolio target by 2026, focusing on renewable energy and desalination as it holds dominant positions in Moroccan deposits and loans.
Colombia's SFC Issues Mandatory ESG Disclosure Rules Covering 91% of Banking Assets
Colombia's Superintendencia Financiera has mandated ESG integration across regulated financial institutions under Circular 005/2024, with 91% of banking assets now subject to sustainability disclosure requirements.
Egypt's Central Bank Brings Mandatory Sustainable Finance Reporting Requirements Into Full Effect
The Central Bank of Egypt's binding sustainable finance regulations, rooted in a 2022 circular, take full effect in 2024, requiring quarterly reporting and annual GRI-standard sustainability submissions from all banks.