ESG / SUSTAINABILITY

ESG / Sustainability

APRA Releases Results of Latest Climate Risk Self-Assessments

By Sanday Chongo Kabange | 14/11/2024

Climate risk maturity has improved at larger entities. APRA plans to amend its prudential standards on risk management to include climate risk.

ESG / Sustainability

IAASB Releases Final Sustainability Assurance Standard, ISSA 5000

By Manesh Samtani | 14/11/2024

IOSCO declared its support for ISSA 5000. IAASB Chair Tom Seidenstein called on policymakers and practitioners to start adopting the standard.

ESG / Sustainability

BSP Issues Adoption Guidance for Sustainable Finance Taxonomy

By Sanday Chongo Kabange | 14/11/2024

The guidelines help banks assess whether economic activities contribute to SFTG environmental objectives and meet the DNSH and other criteria.

ESG / Sustainability

More Progress Needed to Achieve Consistent Climate Disclosures

By Editors | 14/11/2024

Progress reports from the FSB and IFRS Foundation show that significant progress has been made, but more is needed.

ESG / Sustainability

New Zealand XRB Adopts Proposals to Ease Climate Reporting Burden

By Manesh Samtani | 13/11/2024

One of the approved amendments will allow an optional one-year delay for assurance of scope 3 GHG emissions disclosures, in recognition of current data challenges.

ESG / Sustainability

Singapore Pledges $500m in Concessional Funding for Climate Action

By Nithya Subramanian | 13/11/2024

The government will match every dollar, up to $500mn, of concessional capital committed by other partners involved in the FAST-P initiative.

Capital / Liquidity

HKMA Proposes Revisions to Policy Manual on Pillar 2 Capital

By Sanday Chongo Kabange | 12/11/2024

The revisions incorporate the Basel III reforms and allow Pillar 2 capital charges to be imposed for inadequate systems and controls to address climate risks.

ESG / Sustainability

Bangladesh Bank Increases Green Lending Targets to Support SDGs

By Nithya Subramanian | 12/11/2024

From 2025, banks will be required to allocate 40% of their net outstanding loans to green and sustainable ventures.

ESG / Sustainability

HKMA Urges Banks to Adopt and Support GreenTech

By Manesh Samtani | 11/11/2024

Carmen Chu said the HKMA will soon publish an adoption practice guide outlining how Greentech can help FIs achieve their sustainability targets.