ESG / SUSTAINABILITY

ESG / Sustainability

Vietnam to Pilot Carbon Credit Exchange in 2025

By Mark Johnston | 28/08/2024

HNX and VSD are asked to launch a pilot carbon credit exchange in 2025, to help Vietnam achieve its net-zero emissions by 2050.

Big Picture

HKMA Highlights Power of AI to Mitigate Greenwashing Risk

By Manesh Samtani | 28/08/2024

HKMA published a bulletin offering guidance to FIs on the use of AI-powered ESG tools to help manage climate greenwashing risk.

ESG / Sustainability

New Zealand to Reduce Supply of Carbon Offset Units

By Ranamita Chakraborty | 28/08/2024

Oversupply has depressed carbon prices, causing auction failures and jeopardising climate targets and emissions budgets.

Crypto / Digital Assets

AIIB Becomes First in Asia to Issue Digital Note via Euroclear

By Ranamita Chakraborty | 27/08/2024

The digital securities raised $300mn for AIIB’s sustainable development bond programme, with clearing possible through HKMA’s CMU and SIX.

ESG / Sustainability

Australia Advances Legislation on Climate Disclosures, FMI Regime

By Ranamita Chakraborty | 27/08/2024

Treasurer Jim Chalmers said the AASB will release standards for the climate risk disclosure framework “in the near future”.

ESG / Sustainability

ASIC Publishes Findings from Anti-Greenwashing Surveillance

By Sanday Chongo Kabange | 26/08/2024

ASIC published findings, recommendations and good practice examples from its surveillance activities during the financial year 2023–2024.

ESG / Sustainability

DBS Becomes First SEA Bank to Use PBOC’s Green Loan Facility

By Editors | 25/08/2024

DBS issued a CNY 500 million green loan facility for a wind power project under the PBOC’s Carbon Emission Reduction Facility.

ESG / Sustainability

Singapore, Philippines to Collaborate on Carbon Credits Partnership

By Ranamita Chakraborty | 23/08/2024

Singapore and the Philippines will form a working group to progress their cooperation to develop high-integrity carbon markets.

ESG / Sustainability

HKMA Issues Guidance for Banks on Climate Risk Governance

By Sanday Chongo Kabange | 23/08/2024

The guidance is aimed at helping banks to develop and enhance their governance structures and oversight frameworks for climate risk.