ESG / Sustainability

ESG / Sustainability

Net-Zero Banking Alliance Issues Revised Guidelines

By Ranamita Chakraborty | 15/03/2024

The revised guidelines require NZBA members to set climate targets for their capital markets activities for the first time.

ESG / Sustainability

Australia Publishes First National Climate Risk Assessment

By Manesh Samtani | 12/03/2024

The priority risks identified are now undergoing a second, more detailed technical assessment, scheduled for completion by end 2024.

ESG / Sustainability

DBS Updates Policy to Phase-out Thermal Coal Exposures

By Nithya Subramanian | 11/03/2024

The new policy is seen to be more in line with Singapore’s sustainable finance taxonomy, which seeks to promote the early phase-out coal plants.

ESG / Sustainability

OJK Indonesia Launches Climate Risk Guidance for Banks

By Editors | 10/03/2024

The guidance comprises six books that aim to standardise climate risk management frameworks at banks and establish uniform scenarios and methodologies.

ESG / Sustainability

Bank of Ayudhya Launches “Sustainable Deposit” Accounts

By Editors | 09/03/2024

Bank of Ayudhya is the first in Thailand to launch a term-deposit product that supports social and sustainable projects.

ESG / Sustainability

Korea to Launch Carbon-linked ETNs for Retail Investors

By Editors | 08/03/2024

Korea’s Ministry of Environment, KRX and local securities firms are working to launch ETNs linked to carbon allowances by August this year.

ESG / Sustainability

UK to Start Regulating ESG Ratings Later This Year

By ESG Investor | 08/03/2024

Budget statement confirms that the UK will regulate ESG ratings, with full consultation and legislative steps due to be announced later this year.

ESG / Sustainability

US SEC Adopts Mandatory Climate Disclosure Rules

By Manesh Samtani | 07/03/2024

The final rules allow large companies to report Scope 1 and 2 emissions only if they are material, and remove requirements to also disclose Scope 3 emissions.

ESG / Sustainability

Too Much Leeway Offered by Updated ASEAN Taxonomy

By ESG Investor | 07/03/2024

Second version of the voluntary guidance limits utility to investors by allowing companies and countries to “pick and choose”.