ESG / SUSTAINABILITY

    Crypto / Digital Assets

    FSB Updates G20 on Covid-19, Climate, Crypto Work

    By Editors | 13/07/2022

    Accompanying the letter to the G20 is a report on exit strategies to address COVID-19 scarring in the financial sector, and a statement on crypto-asset regulation.

    ESG / Sustainability

    Taiwan Calls on Insurers to Invest in Six Strategic Industries

    By Darien Choong | 12/07/2022

    Four insurers will be awarded incentives based on their investment performance in each of three phases running until 30 June 2025.

    ESG / Sustainability

    Bangladesh Infrastructure Loans to Require E&S Assessments

    By Editors | 11/07/2022

    Environmental and social impact assessments will have to be arranged by borrowers and submitted with their loan applications.

    Capital / Liquidity

    ECB Climate Stress Test Finds Bank Practices Lacking

    By Editors | 11/07/2022

    60% of banks don’t have a climate risk stress testing framework. Only 20% of banks consider climate risk when granting loans.

    ESG / Sustainability

    Taiwan to Streamline Identity Checks for Cross-border Remittances

    By Darien Choong | 10/07/2022

    The customer identity verification process for regular and reasonable cross border remittances can be further streamlined, the FSC said.

    ESG / Sustainability

    NGFS Issues Final Report on Bridging Climate-related Data Gaps

    By Sanday Chongo Kabange | 08/07/2022

    The largest gaps are for biophysical impact, emissions and geospatial data types, which affect use cases such as investment and lending decisions and exposure quantification.

    ESG / Sustainability

    HKEX Announces New Collaboration to Develop Carbon Market

    By Manesh Samtani | 06/07/2022

    HSBC, Standard Chartered, BNP Paribas, ANZ, ICBC, Bank of China and others will sit on a new council to help develop a Hong Kong-based international carbon market.

    ESG / Sustainability

    ECB Makes “Groundbreaking” Shift on Climate

    By ESG Investor | 05/07/2022

    The ECB will introduce gradual limits on the use of bonds issued by companies with high carbon footprints.

    Crypto / Digital Assets

    ANZ Completes First Stablecoin Transaction Involving Carbon Credit

    By Editors | 05/07/2022

    ANZ client Victor Smorgon Group successfully purchased tokenised Australian carbon credits from Zerocap using A$DC as a medium of exchange.

    ESG / Sustainability

    China Approves Launch of First Carbon Neutral ETFs

    By Editors | 04/07/2022

    Shanghai Environment Energy Exchange approved 8 carbon neutral ETFs, and NAFMII recently launched China’s first batch of interbank transition bonds.

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