ESG / Sustainability

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    Enforcement

    ASIC Commences First Court Action for Alleged Greenwashing

    By Sanday Chongo Kabange | 28/02/2023

    ASIC alleges Mercer Superannuation made misleading statements about investment options that were marketed as suitable for members ‘deeply committed to sustainability’.

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    ESG / Sustainability

    BNP Paribas Sued over Fossil Fuel Financing

    By ESG Investor | 27/02/2023

    BNP Paribas is being taken to court over its alleged failure to comply with France’s duty of vigilance law regarding climate change.

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    ESG / Sustainability

    SEBI Consults on Regulatory Framework for ESG Disclosures, Ratings

    By Manesh Samtani | 24/02/2023

    The BRSR framework will be enhanced to require assurance on ESG disclosures. SEBI also proposes mandatory requirements for ESG rating providers.

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    Crypto / Digital Assets

    Hong Kong Budget to Advance Green, Crypto Hub Ambitions

    By Manesh Samtani | 23/02/2023

    Financial Secretary Paul Chan announced in the government’s 2023-2024 budget that he will establish and lead a task force on virtual asset development.

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    ESG / Sustainability

    China to Create Framework for Mandatory ESG Disclosures

    By Editors | 22/02/2023

    Regulators may initially introduce the new ESG disclosure requirements on a “comply or explain” basis before transitioning to a fully mandatory framework.

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    ESG / Sustainability

    Malaysia SC Revises Guidelines for SRI Funds

    By Sanday Chongo Kabange | 22/02/2023

    The revised guidelines incorporate requirements for SRI funds seeking to qualify as an ASEAN Sustainable and Responsible Fund, among other changes.

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    Crypto / Digital Assets

    FSB Highlights NBFI, Crypto and DeFi as Key Priorities for 2023

    By Editors | 21/02/2023

    In a letter to G20 ministers, FSB chair Klaas Knot discusses commodity market vulnerabilities and work to address DeFi/crypto risks and enhance cross-border payments.

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    ESG / Sustainability

    Bursa Malaysia to Drive Carbon Market Ecosystem Development

    By Editors | 21/02/2023

    A handbook on generating carbon credits will be developed, as well as a directory of carbon industry service providers to facilitate collaboration.

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    ESG / Sustainability

    Korean Draft Law to Introduce Fines for Greenwashing

    By Editors | 20/02/2023

    The Ministry of Environment will fine companies up to KRW 3 million for misleading or false sustainability claims.

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    ESG / Sustainability

    Shenzhen Bourse Enhances Listed Company Disclosure Guidelines

    By Editors | 19/02/2023

    Companies in certain industries will have to disclose major pollution accidents, to promote better environmental governance.

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