ESG / SUSTAINABILITY

ESG / Sustainability

ASIC Offers Guidance on Avoiding Greenwashing Penalties

By Editors | 11/05/2023

ASIC has taken 35 actions against greenwashing since July 2022. It has several other investigations underway and anticipates further regulatory action.

AML / KYC

Australia Budget Offers Funding for AML, Scams, Cyber

By Manesh Samtani | 10/05/2023

Funding is provided to AUSTRAC, the Attorney-General’s Department, ASIC, the ACCC, and the launch of an SMS Sender ID Registry.

ESG / Sustainability

New Zealand XRB Issues New Guidance on Climate-related Disclosures

By Editors | 08/05/2023

The guidance aims to support entities in preparing climate-related disclosures and to foster consistency through “clarity of understanding”.

ESG / Sustainability

SEBI Enhances Disclosure Requirements for Transition Bonds

By Editors | 08/05/2023

Transition bonds were added to SEBI’s framework for green debt securities in February. The additional disclosures seek to ensure funds raised are not misallocated.

ESG / Sustainability

World Bank Assesses Bank Exposures to Nature-related Physical Risk

By Editors | 08/05/2023

New paper provides high-level analysis that policymakers can use to induce a “transformative shift” towards nature-positive activities and production processes.

ESG / Sustainability

Investors Welcome New Australian Net Zero Authority

By ESG Investor | 07/05/2023

The authority will co-ordinate decarbonisation opportunities across the economy, supporting efficient allocation in key sectors.

Capital / Liquidity

Hong Kong Financial System Remains Resilient: IMF Staff

By Editors | 07/05/2023

IMF staff said credit risk will “likely continue to materialise”, and banks should properly recognise and provision for credit losses, including those from Mainland property exposures.

ESG / Sustainability

LMA Publishes Model Provisions for Sustainability-linked Loans

By Editors | 07/05/2023

The model provisions provide a basic drafting framework to assist parties in the negotiation of documentation for sustainability-linked loans.

ESG / Sustainability

Working Group Formed to Update Bank Guidance on Biodiversity

By Editors | 05/05/2023

The working group, co-led by Crédit Agricole SA, First Abu Dhabi Bank and UBS, will issue updated guidance for banks on setting and achieving biodiversity targets.