ESG / SUSTAINABILITY

AML / KYC

G7 Leaders Commit to Acting on Corruption, Shell Companies

By Manesh Samtani | 13/06/2021

The communique highlights a need to tackle the misuse of shell companies and curtail the ability of illicit actors to hide wealth, including in real estate.

ESG / Sustainability

PBOC Set to Begin Assessing Banks’ Green Finance Performance

By Manesh Samtani | 12/06/2021

The PBOC will begin quarterly assessments of 24 major banks on their green finance performance under a new evaluation system starting 1 July.

ESG / Sustainability

Thailand: SEC Pledges Support for AIMC Sustainability Roadmap

By Manesh Samtani | 11/06/2021

The three-year roadmap includes an initiative to develop an ‘ESG Data Framework’, which will enhance the information investors can be provided on the ESG efforts of listed companies.

ESG / Sustainability

UK Forms New Advisory Group to Work on Taxonomy

By Ranamita Chakraborty | 11/06/2021

The Green Technical Advisory Group will advise the government on developing and implementing a green taxonomy in the UK context.

ESG / Sustainability

Update to Green Bond Principles Prioritises Transparency, Impact

By ESG Investor | 11/06/2021

The new guidance seeks to boost investor confidence with a focus on increased information flows and external verification.

Market Infrastructure

NGFS Updates Climate Scenarios With More Data

By Manesh Samtani | 10/06/2021

If the transition fails, 13% of global GDP would be at risk by the end of the century, even before accounting for severe weather events.

ESG / Sustainability

BOE Commences Climate Risk Stress Tests for Banks, Insurers

By Ranamita Chakraborty | 10/06/2021

The end result will be more robust management of climate-related financial risks across the sector, said BOE governor Andrew Bailey.

Big Picture

MAS Sets Out Climate Strategy in Inaugural Sustainability Report

By Manesh Samtani | 09/06/2021

Five asset managers have been appointed to manage S$1.8bn of Singapore’s official foreign reserves under new mandates focused on climate change and the environment.

ESG / Sustainability

TNFD Framework to Build Capacity for Nature-Related Data

By ESG Investor | 08/06/2021

Like the TCFD, the TNFD reporting framework is expected to be incorporated into disclosure standards and written into national law by governments.