Our monthly round-up of news, ideas and initiatives related to transforming the UK financial system for people and planet, compiled by the Lab’s CEO, Jesse Griffiths.

Stepping up to the climate challenge

Banks put $286 billion into corporations linked to deforestation and polluting industries using sustainability-linked loans. Asset managers are also investing in climate-destroying bonds. And asset owners are failing on climate policy stewardship.

Benedict Lumberjack explains how he plans to make millions from deforestation.

Climate losses are threatening the insurance industry. Here’s a new scorecard on how the insurance industry is doing on climate.

Actuaries warn that economic risks of climate change are far higher than standard assumptions. And the FSB warns that climate change is likely to cause financial crises.

Meanwhile, the finance industry’s main collective response to the climate crisis, GFANZ, is in freefall – so what happens next?

What should be in financial institutions’ climate transition plans?

At least 29 jurisdictions have started incorporating nature-related considerations into prudential regulation.

Here’s how to reduce interest rates for green energy investments.

Governing an unstable, unfair system

Inheritance, cronyism, monopoly and colonialism are driving the continued rise in extreme wealth. 

The Chancellor’s focus on getting regulators to focus on economic growth has consumer groups worried – has she forgotten the lessons of the past?

How deregulation worsened the Chancellor’s bond market headaches.

Here’s a major new report saying we should transform the way we assess the value of the financial sector to the country.

And finally…

Why Bidenomics failed to raise living standards.

People think the rich have too much influence on politics.

Developing country debt problems are so great, a new Jubilee Debt campaign has been launched.