Hans Stegeman

European banks have made forward strides in managing climate and nature-related risks – but more still needs to be done, Supervisory Board Vice-Chair Frank Elderson writes in The Supervision Blog. We know that: 🔹 more than 90% of banks now consider themselves materially exposed to climate and nature-related risks 🔹 all banks have now included climate risks in their stress testing framework, but nature-related risks are still often missing 🔹 banks’ more robust risk practices should now serve as a foundation for broader, more consistent application – across all material portfolios, geographies and risk types 🔹 three-quarters of banks do not yet fully cover all material climate and nature risk drivers in their internal capital assessments We will publish an updated set of good practices later this year, based on what supervisory teams have observed in banks across Europe.   Read the full blog post 👉 https://europa.eu/!h74knv

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The Eurasian Development Bank has released its new Sustainability Report This is not a box-ticking exercise: it is a systemic document that records not only portfolio outcomes but also the Bank’s management approaches, impact measurement methodologies, and how sustainability is embedded into everything we do.   Highlights from the Report ✔️ Accumulated green portfolio: ≈ USD 1.7 billion across energy efficiency, renewables and water ✔️ First-ever portfolio-wide physical climate risk assessment, alongside transparent methodologies for avoided/reduced emissions ✔️ Social outcomes: job creation, local value added, infrastructure development across member states   Why this matters for the region Central Asia and the Caucasus are in a phase of deep infrastructure modernization and energy capacities expansion. People at the core Our people policies — training, technical capacity building, engagement — are tools to strengthen project delivery and operational resilience.   Looking ahead The report is only possible because of high-quality projects behind it. We also welcome partnerships that contribute to sustainable development across the region.   Eurasian Development Bank United Nations Environment Programme Finance Initiative (UNEP FI) The World Bank International Sustainability Standards Board (ISSB) Global Reporting Initiative (GRI) Valerie Hickey Jonathan Coony Maya Hennerkes Sue Lloyd Emmanuel Faber Robin Hodess Philipp Aeby Sasja Beslik Nikolai Podguzov Artur Bortsov   #Sustainability #ESG #GreenFinance #CapacityBuilding #HR    

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Morningstar Sustainalytics is excited to announce that we have provided a second-party opinion (SPO) on Nederlandse Waterschapsbank (NWB Bank)'s Social Bond Framework. We have assessed the sustainability contribution of the framework as strong, based on the sustainability contribution of the framework's single use of proceeds category - affordable housing. NWB will provide housing associations with funding for the construction, renovation and management of social rental homes, in accordance with the Dutch government’s SGEI housing scheme. In addition to targeting low- and middle-income households, the scheme prioritizes vulnerable households with urgent housing needs, with the majority of housing occupied by low-income households in recent years. Bond proceeds are expected to make a strong contribution to improving access to affordable housing in the Netherlands.   We have assessed the framework as aligned with the Social Bond Principles 2025.   To learn more about NWB Bank’s social initiatives under the framework, you can access the full SPO here: https://mstar.co/6efwh7 #sustainablefinance #sustainablebonds #affordablehousing

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🌍 First things first: the myth of green growth is busted. Multiple high‑profile studies confirm that absolute decoupling (shrinking resource use while GDP grows) is not happening at the global scale. The Lancet article overview article of a few weeks ago ( 👉 https://lnkd.in/eXj2zSbR) puts it bluntly: “Current economic systems are fundamentally misaligned with ecological sustainability.” See the beautiful explainer of the paper 👇 below from Dr Sandra Lee ✅ So if green growth is a fantasy, and tech won’t save us, what’s the alternative? Eric Kemp-Benedict’s new paper (👉 https://lnkd.in/eZJA2t3q) offers some pieces of the puzzle (now it is getting wonkish): 🧠 a degrowth macroeconomic model rooted in post‑Keynesian logic and stock‑flow consistency. It provides the scaffolding to think structurally about what a managed, just transition beyond growth could look like. 🔧 How it works: 🟢 A shrinking industrial core, bounded by ecological limits. 🟢 A convivial economy. Relational, decentralized, and resource-light. 🟢 Wealth as fuel: As growth halts, savings and investment must come from existing wealth. Wealth taxation becomes a key policy tool. Not as ideology, but as necessity. And yes, profit remains possible even in a steady-state economy so long as the right fiscal structures are in place. 📌 It’s about rebuilding economics from the ground up, with ecological viability and social justice at its core.

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Is it time to rethink the way we measure economic progress? As the World Economic Forum Annual Meeting debates how to "revive and reimagine growth," we believe it's time to ask a bigger question: do we need to focus on growth above all else? At Triodos Bank, we challenge the idea that economic success must be tied to endless expansion. Instead, we advocate for post-growth economics—a system that prioritises wellbeing, sustainability, and long-term resilience over short-term gains. Our chief economist, Hans Stegeman, explores this in-depth on the latest episode of The Breakdown podcast, discussing why breaking the rules of mainstream economics might be the key to a sustainable future. #Degrowth #PostGrowth #SustainableFinance #Economics #WEF Adrienne Buller

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