ESG / Sustainability

ESG / Sustainability

ASIC Takes Legal Action Against Active Super for Alleged Greenwashing

By Ranamita Chakraborty | 11/08/2023

Australian superannuation fund Active Super allegedly invested in coal, tobacco, and Russian entities despite claiming to be ethical and responsible.

ESG / Sustainability

New Zealand: FMA Official Tackles Greenwashing Concerns

By Editors | 10/08/2023

FMA executive director Paul Gregory addressed greenwashing in funds industry, focusing on regulatory perspectives on fair dealing and members’ interests.

ESG / Sustainability

S&P Global Ratings Stops Providing ESG Credit Indicators

By Ranamita Chakraborty | 10/08/2023

With immediate effect, the impact of ESG factors on a borrower’s creditworthiness will now be conveyed through narrative paragraphs in the rating agency’s reports.

ESG / Sustainability

BlackRock Launches NZ$2b Fund to Support New Zealand Transition

By Mark Johnston | 09/08/2023

BlackRock has partnered with the New Zealand government to launch a NZD 2 billion climate infrastructure fund.

ESG / Sustainability

Taiwan Inaugurates Carbon Exchange, Targeting Net Zero by 2050

By Editors | 08/08/2023

The Kaohsiung-based carbon exchange will initially offer consultation services. Trading will start in the first half of next year.

ESG / Sustainability

Hong Kong to Develop Roadmap for ISSB Standards Adoption

By Editors | 08/08/2023

A special working group will be established to work on the roadmap and make recommendations to the Green and Sustainable Finance Cross-Agency Steering Group.

ESG / Sustainability

Australia: ASFI Unveils Taxonomy Technical Expert Group

By ESG Investor | 08/08/2023

The expert group will offer strategic direction over, input into and endorsement of an Australian sustainable finance taxonomy.

ESG / Sustainability

Indian Banks Unprepared for Climate Actions

By Jill Wong | 07/08/2023

India faces the highest climate risks but its banks are unprepared to undertake climate action, according to a new report by India-based think tank Climate Risk Horizons.

ESG / Sustainability

ISSB Asked to Prioritise Biodiversity in Two-year Work Plan

By ESG Investor | 07/08/2023

Respondents to ISSB’s agenda priorities consultation call for focus on biodiversity and nature, progress on social and human-rights related reporting standards.