ESG / Sustainability

ESG / Sustainability

MAS Unveils First Use Case for New AI Platform ‘NovA!’

By Sanday Chongo Kabange | 22/06/2022

NovA! will initially be used for ESG risk assessments when originating, underwriting and servicing sustainability-linked loans for the real estate sector.

ESG / Sustainability

Hong Kong Advances Work to Develop Green Finance Capacity, Talent

By Editors | 21/06/2022

Hong Kong will develop a GHG emissions estimation tool, a green classification framework, and adopt the ISSB standards when they’re ready.

Crypto / Digital Assets

BIS Innovation Hub Announces New Set of Projects

By Editors | 20/06/2022

The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.

ESG / Sustainability

Key Role for Finance in China Climate Adaptation Strategy

By Darien Choong | 20/06/2022

China’s new National Climate Adaptation Strategy 2035 New Climate Adaptation Strategy encourages financial institutions to innovate and expand solutions.

Securities / Derivatives

Bank of China Issues First Notes Aligned to Updated CGT

By Editors | 17/06/2022

The Common Ground Taxonomy, first published in November by the EU and China, was updated following consultation.

ESG / Sustainability

PBOC Orders Banks to Finance Water Conservancy Projects

By Darien Choong | 16/06/2022

Policy, development, state-owned, small and medium-sized banks are directed to provide credit to support the construction of water conservancy infrastructure.

ESG / Sustainability

UK Proposes Climate Risk Requirements for Actuaries

By ESG Investor | 15/06/2022

The UK Financial Reporting Council proposes to require actuaries to include climate change and other ESG–related risks in the course of their work.

ESG / Sustainability

Green Funds Largely Unaligned with Paris Agreement – S&P

By ESG Investor | 14/06/2022

S&P looked at nearly 12,000 equity mutual funds and ETFs representing more than USD 20 trillion in market value. About 11% were aligned with the Paris goals.

ESG / Sustainability

US SEC Probes Goldman Sachs for Suspected Greenwashing

By Editors | 14/06/2022

The SEC is reportedly investigating whether disclosures made to clients accurately described the investment practices used by two Goldman funds.