ESG / Sustainability

ESG / Sustainability

Regulators Should Require FIs to Consider Climate Risk: NGFS

By ESG Investor | 01/04/2021

Climate risks may be underestimated due to a lack of internal scenario analysis by financial institutions, the NGFS warns in a new report.

ESG / Sustainability

IOSCO Forms Working Group to Aid IFRS Sustainability Project

By Editors | 31/03/2021

The MAS and US SEC will co-lead the new technical working group, which will help develop technical recommendations needed for new sustainability reporting standards.

ESG / Sustainability

BOJ, FSA Highlight Ongoing Initiatives to Address Climate Risk

By Manesh Samtani | 31/03/2021

Bank examinations will include assessments of efforts to address climate-related risks, and work is underway to identify possible approaches to climate-related scenario analysis.

ESG / Sustainability

RBNZ Makes Submission to Climate Change Commission

By Ranamita Chakraborty | 29/03/2021

The RBNZ emphasised the need to take a collective approach and for the firms it regulates to pay close attention to climate-related risks.

ESG / Sustainability

US Fed Creates Financial Stability Climate Committee

By Sanday Chongo Kabange | 29/03/2021

The Financial Stability Climate Committee will compliment the Supervision Climate Committee, which focuses on addressing risks at individual banks.

ESG / Sustainability

Central Banks Should Embrace Innovation: Jacqueline Loh

By Editors | 29/03/2021

MAS’ Jacqueline Loh outlined several central bank-led innovation initiatives underway, including a project that will help quantify the ESG impact of investments and loan portfolios.

Big Picture

NGFS Offers Climate Risk Guidance for Central Bank Monetary Operations

By Sanday Chongo Kabange | 29/03/2021

The report outlines nine options for central banks to adjust their operational frameworks for monetary policy to account for climate-related risks.

ESG / Sustainability

BOJ Considers Regulatory Changes to Address Climate Risk

By Editors | 28/03/2021

The BOJ is engaged in active dialogue with FIs on climate-related financial risks, with a view to formulating evidence-based revisions to financial regulations.

ESG / Sustainability

ICMA Calls for ESG Metrics, Standards for Securitised Assets

By Editors | 25/03/2021

Unless ABS investors have better access to standardised and relevant data, they will be unable to appraise ESG risks and satisfy sustainability objectives.