ESG / SUSTAINABILITY

    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.

    ESG / Sustainability

    SFC Raises Supervisory Focus on Fund Manager Resilience

    By Manesh Samtani | 08/06/2021

    The SFC is on the lookout for funds with outsized and concentrated bets to prevent an Archegos-type event in Hong Kong.

    AML / KYC

    G7 Backs – but Looks Beyond – Mandatory Climate Disclosures

    By ESG Investor | 07/06/2021

    TCFD, IASB frameworks endorsed; communique also calls for progress on impact, nature-based and beneficial ownership reporting.

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