ESG / Sustainability

ESG / Sustainability

China ETS Sees Lower Than Expected Trading Performance

By Editors | 30/12/2022

Only 44 million tonnes of carbon allowances were traded during 2022, down from 179 million tonnes in 2021, though the market has now exceeded CNY 10 billion in cumulative turnover.

ESG / Sustainability

HKMA Revises SPM to Embed Climate Risk in Supervisory Approach

By Editors | 30/12/2022

Revised SPM illustrates the HKMA’s approach to the supervision of emerging risks such as climate risk under its risk-based supervisory approach.

ESG / Sustainability

BSP Unveils 11-Point Sustainable Central Banking Strategy

By Editors | 28/12/2022

The Sustainable Central Banking strategy sets out the BSP’s approach to promoting sustainability in the financial system.

Enforcement

ASIC Fines Super Fund Trustee Diversa for Alleged Greenwashing

By Editors | 28/12/2022

ASIC said the statements made by Diversa Trustees were too broad, potentially misleading consumers about its investment screens.

Big Picture

IETA Shines Light on Carbon Market Evolution

By Editors | 28/12/2022

The 2022 GHG Market Report features carbon market reforms underway in the EU, Korea, Japan and China, among other markets.

ESG / Sustainability

India Plans to Develop Carbon Market by 2026 – Report

By Editors | 28/12/2022

A compliance market and voluntary market will be set up, along with a stabilisation fund to support prices of carbon credits.

Big Picture

BIS Stresses Importance of Information Governance in Sustainable Finance

By Editors | 28/12/2022

BIS paper says enhancing information governance in sustainable finance can reduce risks to financial stability and the long-term robustness of the green transition.

ESG / Sustainability

SEC Thailand to Allow SME to Issue Sustainability Bonds

By Editors | 27/12/2022

Rule changes will allow SMEs and startups to offer sustainability bonds via crowdfunding and private placement channels.

ESG / Sustainability

NYDFS Proposes Guidance on Climate Risk Management

By Editors | 27/12/2022

The guidance focuses on corporate governance; internal control framework; risk management process; data aggregation and reporting; and scenario analysis.