ESG / SUSTAINABILITY

ESG / Sustainability

Japan TCFD Consortium Set for 27 May Inauguration

By Editors | 22/05/2019

The Consortium will serve as a platform to pursue climate-related financial disclosures and decide how the disclosed information will be used in investment decisions.

ESG / Sustainability

Hong Kong: An Ecosystem Approach to Bank Culture Reform

By Jeffrey Kupfer | 21/05/2019

The HKMA is addressing culture and conduct risk by learning from other markets, engaging with other regulators, and exploring new technology, say Jeff Kupfer and Stephen Scott at Starling Trust.

Market Infrastructure

Nasdaq Launches Global ESG Reporting Guide

By Editors | 17/05/2019

The new guide takes into account the TCFD recommendations, the UN Sustainable Development Goals, WFE guidance and best practices, and Nasdaq’s own pilot programme.

Market Infrastructure

Japanese Firms Ally in Support of Climate Risk Transparency

By Editors | 17/05/2019

The Japanese consortium adds nearly 100 more companies, including banks, to the growing list of firms that support the TCFD recommendations on climate risk disclosures.

Market Infrastructure

Australia Seeks Mandatory Carbon Risk Reporting by 2021

By Editors | 10/05/2019

A green political party in Australia has announced a new policy that will make carbon risk reporting mandatory for banks, insurers, super funds and the largest listed companies in 2021.

ESG / Sustainability

Climate Change a Major Financial Risk, say APRA, ASIC

By Editors | 09/05/2019

“Ultimately there will only be one form of finance, and that will be green finance,” said APRA head of insurance Geoff Summerhayes at the ACSI annual conference.

Securities / Derivatives

HKMA Launches Green and Sustainable Banking Initiative

By Manesh Samtani | 08/05/2019

The measures include the development of a common framework and methodology for banks to assess how ‘green’ they are, and requirements to meet supervisory targets in this regard.

Crypto / Digital Assets

ESG: The Un-Hyped Acronym

By Philippe Dirckx | 06/05/2019

Compliance to ESG standards and principles will permanently transform the way we conduct business, says international banking veteran Philippe Dirckx.

Big Picture

Central Banks Call for Collective Action to Mitigate Climate Risks

By Editors | 23/04/2019

The Central Banks and Supervisors ‘Network for Greening the Financial System’ has published a report providing recommendations to mitigate climate-related financial risks.