ESG / Sustainability

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.

ESG / Sustainability

G7 Finance Ministers Agree on 15pc Global Minimum Tax Rate

By Manesh Samtani | 07/06/2021

The global minimum tax will end the race-to-the-bottom in corporate taxation and ensure fairness for the middle class and working people, Janet Yellen said.

ESG / Sustainability

BSP Outlines Expectations for Banks on Sustainable Finance

By Sanday Chongo Kabange | 04/06/2021

Banks must establish environmental and social risk management systems and disclose their sustainability initiatives in their annual reports.