ESG / SUSTAINABILITY

Enforcement

ECB Start Penalising Banks for Slow Progress on Climate Risk

By Mark Johnston | 26/09/2024

The ECB has begun issuing fines to banks that fail to meet its expectations on climate risk management.

Capital / Liquidity

BCBS Advances Follow-up Response to 2023 Banking Turmoil

By Editors | 25/09/2024

The BCBS has finalised a new report on the lessons learned from the 2023 banking turmoil, focusing on liquidity risk. The report will be published next month.

Enforcement

Australian Court Orders Vanguard to Pay Record Greenwashing Fine

By Sanday Chongo Kabange | 25/09/2024

The court ordered Vanguard to pay A$12.9mn for making false or misleading representations about its ESG exclusionary screens.

ESG / Sustainability

RIAA Launches Investor Toolkit on Nature-related Risks

By ESG Investor | 25/09/2024

The Nature Investor Toolkit, supported by ISS ESG and Pollination, aimes to help investors identify and assess nature-related risks and opportunities.

ESG / Sustainability

New Zealand FMA Calls for Better Ethical Investment Disclosures

By Thisanka Siripala | 23/09/2024

The FMA will take regulatory action if fund managers make misleading claims about the ethical or environmental impacts of investment products.

ESG / Sustainability

Japan to Loosen Rules on Bank Investment in Green Projects

By Thisanka Siripala | 23/09/2024

Proposed draft legislation will ease restrictions on bank investments in Green Transformation (GX) related companies.

ESG / Sustainability

SGX RegCo Mandates ISSB Aligned Climate Disclosures by 2025

By Nithya Subramanian | 23/09/2024

All listed companies will have to report Scope 1 and 2 emissions and incorporate the ISSB’s climate-related disclosure standards.

ESG / Sustainability

CFTC Finalises Guidance for Listing Carbon Credit Derivatives

By Editors | 23/09/2024

The CFTC said the guidance will help to promote standardisation of VCC derivative products in a manner that “promotes transparency and liquidity”.

ESG / Sustainability

ASIC Urges Businesses to Prepare for Climate Disclosure Regime

By Thisanka Siripala | 23/09/2024

ASIC will take a “proportional and pragmatic approach to supervision and enforcement” as the industry adjusts to the new requirements.