ESG / Sustainability

ESG / Sustainability

A Look at the SFC’s Climate Risk Requirements for Fund Managers

By Michael P Wong | 27/10/2021

The new requirements will have a significant impact on in-scope fund managers, and not just those that follow ‘sustainable’ or ‘ESG’ strategies, says Dechert partner Michael Wong.

ESG / Sustainability

SEBI Proposes New Requirements for ESG Funds in India

By Manesh Samtani | 27/10/2021

ESG-labelled funds will have to invest at least 80% of total assets in ESG themed securities, and disclose measures taken to mitigate greenwashing risks and reliance on third party scores.

ESG / Sustainability

RBNZ Outlines Action Plan for Addressing Climate Risks

By Sanday Chongo Kabange | 27/10/2021

The RBNZ will develop a guidance note to support regulated entities in managing climate risks, focusing on physical, transition and liability risks.

ESG / Sustainability

HK Financial Sector Calls for Easing of Covid Restrictions

By Sanday Chongo Kabange | 25/10/2021

Nearly half of surveyed FIs are considering moving staff or functions away from Hong Kong due to operational challenges, including travel and quarantine uncertainty.

ESG / Sustainability

BIS Innovation Hub Announces Winners of 2nd G20 TechSprint

By Editors | 25/10/2021

The BIS Innovation Hub Hong Kong centre will soon publish reports on work to explore green bond tokenisation and real-time tracking of environmental outputs.

ESG / Sustainability

New Zealand Passes Climate Reporting Legislation in World First

By Sanday Chongo Kabange | 24/10/2021

Mandatory climate disclosures will be required from early 2024, for annual reporting periods that start on or after 1 January 2023.

Big Picture

Asian Asset Owners to Accelerate ESG Ambitions

By ESG Investor | 24/10/2021

ESG investing is still nascent, but asset owners are expecting greater pressure to disclose and improve ESG practices.

ESG / Sustainability

UPDATED – Chinese Banks Declare Support for Biodiversity Protection

By Editors | 21/10/2021

36 Chinese banking and financial institutions, 24 foreign banks and international organisations have jointly signed a biodiversity protection declaration.

Capital / Liquidity

Too Soon to Base Capital Requirements on Climate Scenarios

By ESG Investor | 21/10/2021

NGFS members do not yet envisage calibrating prudential policies such as capital requirements on the basis of climate scenario exercises.