Our Scans · ESG 2.0: From Compliance Burden to Capital Allocation Engine · Weekly Summary

• [New] The European Investment Bank has asked for a postponement of the EU Taxonomy, fearing it could lead to a reputational disaster. / Germany ESG News
• [New] In line with the ambitious objectives set by the European Commission for sustainable finance, regulation of climate-related and environmental risk disclosures is expected to become increasingly stringent and to have a very clear impact on banks' disclosures in the coming years. European Central Bank - Banking Supervision
• The 2022 ECB climate stress test has been instrumental in helping banks to start developing their climate risk-related stress testing capabilities. European Central Bank - Banking Supervision
• The UK lender, which has compiled its own sustainable finance and investment data dictionary, has said it's made good progress toward reaching a 2030 sustainable finance goal of between $750 billion and $1 trillion. InvestmentNews
• Standard Bank, one of the largest renewable funders in SA, aims to raise at least R250bn in sustainable finance origination by 2026, with a focus on renewable energy projects. Miningmx
• Standard Bank said it wanted to mobilise up to 300 billion rand ($19.9 billion) in sustainable finance - potentially including for transition fuels like gas - by the end of 2026 from a targeted 40 billion rand in 2022. Reuters
• The Central Bank of Ireland and Germany's banking regulator BaFin have recently warned they will increase scrutiny of sustainability credentials, while the EU's sustainable finance regulatory framework is aimed at giving more transparency to investors and prevent greenwashing. Green Central Banking
• The impact of physical risk and transition risk could be €17 billion and €53 billion, respectively, in a short-term scenario for the 41 largest banks in the European Union. Nature
• The Dubai Islamic Bank is just one institution that has issued a Sustainable Finance Framework explaining how it will finance projects on principles similar to the Green Loan Principles. Allen Overy
• The Hong Kong Monetary Authority intends to adopt a more prescriptive approach when it conducts a second climate stress test in 2023, so that it can more effectively compare the risks faced by banks. Risk.net
• The Bank of America pledged $1.5 trillion toward sustainable finance mobilization by 2030, while Citi announced its commitment to achieving a $1 trillion green finance goal also by 2030. Forbes

Last updated: 19 June 2026