ESG / SUSTAINABILITY

ESG / Sustainability

IFRS Foundation Launches Knowledge Hub for ISSB Standards

By Editors | 03/12/2023

The hub will help companies prepare for their ISSB disclosures, and help auditors, investors, and regulators better understand the new standards.

ESG / Sustainability

Version 2 of ASEAN Taxonomy Affirmed by Stakeholders

By Manesh Samtani | 03/12/2023

The ASEAN Taxonomy Board said some feedback will be incorporated in the Version that will be effective in Q1 2023, and other improvements will be rolled out later.

ESG / Sustainability

Four Banks and an Insurer Have Quit SBTi – Reports

By Editors | 01/12/2023

Standard Chartered, HSBC, Societe Generale, ABN Amro and Allianz have left the UN-backed Science Based Targets Initiative.

Enforcement

ASIC: Morningstar Pays Two ESG-related Infringement Notices

By Manesh Samtani | 01/12/2023

Morningstar fund investors were exposed to weapons companies for “short periods of time” despite an ESG Policy that prohibited such exposures.

ESG / Sustainability

Tokyo Launches Market Maker Trials for Carbon Market

By Manesh Samtani | 30/11/2023

The market makers for the trial include Sumitomo Corp, Daiwa Securities, Marubeni Corp, Mizuho Bank, and Mitsui & Co.

ESG / Sustainability

HKMA Sets Standards for Sale of Green & Sustainable Investment Products

By Sanday Chongo Kabange | 30/11/2023

Registered institutions that sell and distribute green and sustainable investment products have 12 months to comply.

ESG / Sustainability

BCBS Consults on Climate Risk Disclosure Framework for Banks

By Manesh Samtani | 30/11/2023

The BCBS proposes to provide a common disclosure baseline for climate-related financial risks across internationally active banks.

ESG / Sustainability

Bursa Malaysia and UN Global Compact Network Collaborate on Sustainability

By Editors | 29/11/2023

Bursa Malaysia and UNGCMYB will explore several initiatives to support the upskilling of sustainability practitioners of PLCs and SMEs.

ESG / Sustainability

OJK Indonesia Launches Roadmap to Boost Islamic Banking

By Editors | 29/11/2023

The roadmap consists of five pillars, including one focusing on ensuring Islamic banking places emphasis on social welfare alongside profitability.