ESG / Sustainability

Enforcement

ASIC to Consider Enforcement Action for Climate Risk Disclosure Failures

By Ranamita Chakraborty | 07/02/2021

ASIC says the law requires climate risk to be included in OFR disclosures, particularly when it is a material risk that could affect financial performance.

AML / KYC

Korea: FSC Financial Sector Focus to Include Risk, Competition, Innovation

By Sanday Chongo Kabange | 07/02/2021

The FSC’s 2021 policy agenda for the financial sector will include measures to bolster risk management while also strengthening competitiveness and facilitating digital innovation.

ESG / Sustainability

CBIRC Issues Draft Guidelines on Corporate Governance

By Editors | 05/02/2021

The guidelines formalise obligations for banks and insurers to integrate Communist Party leadership in the governance of state-owned and private banks and insurers.

Market Infrastructure

Is it Time to Regulate ESG Scores and Ratings?

By ESG Investor | 03/02/2021

End-users are seeking more transparency around cost and methodology to improve comparability across third-party vendors.

ESG / Sustainability

IFRS Foundation Announces Next Steps for Sustainability Standards

By ESG Investor | 03/02/2021

The Sustainability Standards Board – widely supported across the investment industry – will be established in time for COP26 in November.

ESG / Sustainability

FSC Korea Outlines Additional Green Finance Initiatives

By Sanday Chongo Kabange | 29/01/2021

The FSC plans to draw up a climate risk management and oversight plan for FIs by March and develop a green taxonomy within H1.

ESG / Sustainability

Singapore Taskforce Proposes Taxonomy for Identifying Green Activities

By Editors | 29/01/2021

The taxonomy draws on the theoretical underpinnings of the EU taxonomy and proposes a traffic-light system which sets out how activities are classified.

ESG / Sustainability

SGX Launches ESG Futures as Part of Sustainability Agenda

By Editors | 25/01/2021

The launch is part of the SGX FIRST initiative, a multi-pronged expansion of the exchange’s sustainability capabilities announced in December.

ESG / Sustainability

GRI Updates Disclosure Standards to Align with SDGs

By ESG Investor | 24/01/2021

New guidance for corporates from the Global Reporting Initiative will help asset owners track their contributions to the UN Sustainable Development Goals.