ESG / SUSTAINABILITY

ESG / Sustainability

EU Corporate Sustainability Due Diligence Directive Passes Key Committee

By Editors | 20/03/2024

Compared to the initial proposal, the number of companies in scope has been scaled back, and the financial industry is excluded, among other changes.

ESG / Sustainability

Charting a New Course for Climate Risk Management

By Ranamita Chakraborty | 20/03/2024

The BCBS’ proposed Pillar 3 disclosure framework for climate-related financial risks highlights the need for broader consensus on such issues.

ESG / Sustainability

BIS Demonstrates the Use of GenAI in Climate Risk Analysis

By Manesh Samtani | 20/03/2024

Project Gaia delivered a platform that can extract data from corporate climate-related disclosures and generate harmonised metrics, despite differences in disclosure frameworks.

ESG / Sustainability

UNDP, MAS, GLEIF Launch Whitepaper on Project Savannah

By Ranamita Chakraborty | 18/03/2024

The whitepaper details Project Savannah’s goals and strategy for empowering MSMEs in sustainability reporting through three key pillars.

ESG / Sustainability

BIS Project to Address Scarcity of Scope 3 Data

By Manesh Samtani | 15/03/2024

Project Symbiosis aims to address the lack of comprehensive emissions data from SMEs that are part of larger supply chains.

ESG / Sustainability

Net-Zero Banking Alliance Issues Revised Guidelines

By Ranamita Chakraborty | 15/03/2024

The revised guidelines require NZBA members to set climate targets for their capital markets activities for the first time.

ESG / Sustainability

Australia Publishes First National Climate Risk Assessment

By Manesh Samtani | 12/03/2024

The priority risks identified are now undergoing a second, more detailed technical assessment, scheduled for completion by end 2024.

ESG / Sustainability

DBS Updates Policy to Phase-out Thermal Coal Exposures

By Nithya Subramanian | 11/03/2024

The new policy is seen to be more in line with Singapore’s sustainable finance taxonomy, which seeks to promote the early phase-out coal plants.

ESG / Sustainability

OJK Indonesia Launches Climate Risk Guidance for Banks

By Editors | 10/03/2024

The guidance comprises six books that aim to standardise climate risk management frameworks at banks and establish uniform scenarios and methodologies.