Artículo de revista ; To contribute to the fight against climate change and achieve a carbon-neutral economy, a large volume of funds must be mobilised to finance the necessary investment. The international financial system will play a key role in this process to channel the financing, but...

Artículo de revista ; Para contribuir a la lucha contra el cambio climático y transformar la economía en una neutra en carbono, se requiere la movilización de un elevado volumen de recursos que financie las inversiones necesarias. En este proceso, el sistema financiero internacional...

Motivación Este artículo ofrece una descripción general del camino hacia una economía con emisiones netas nulas (cero neto o net-zero), y enfatiza la importancia de este proceso en la gestión de carteras. Para ello, se hace una recopilación de varias de las iniciativas actualmente en...

Rationale This article offers a general description of the road towards an economy with zero net emissions (net zero), stressing the importance of this process in portfolio management. To this end, it reviews several of the initiatives currently under way, and details the aspects needed to...

The EU Taxonomy for sustainable activities was created with the goal of becoming a crosssectional law for all current and future EU regulations on sustainable finance. The initial proposal for an EU Taxonomy was in 2018, and the final regulation, containing its basic principles and foundations,...

Los desafíos del cambio climático afectan a todas las facetas de la economía, y en particular también a la estabilidad financiera, que puede sufrir efectos tanto de los riesgos físicos (asociados al propio proceso de cambio climático) como de los riesgos de transición (asociados a las...

The challenges of climate change affect all aspects of the economy, including financial stability, which may be affected both by the physical risks (associated with the climate change process itself) and the transition risks (associated with initiatives to curb the climate change process). This...

Artículo de revista ; The notes to financial statements and, in the case of credit institutions, Pillar 3 reports complete and supplement information contained in the balance sheet and income statement. This helps to provide a better estimate of the amount and timing of expected cash flows, and...