ESG / Sustainability

ESG / Sustainability

SET to Develop New System for Managing Emissions Data

By Editors | 06/06/2024

Energy consumption data will feed directly into the “SET Carbon system”. A prototype is expected to be ready in Q1 2025.

ESG / Sustainability

HKMA May Make Green Taxonomy Mandatory for Banks

By Nithya Subramanian | 06/06/2024

Executive director Kenneth Hui said the HKMA is considering making the taxonomy mandatory for the banking sector.

ESG / Sustainability

Japan Forms Group to Examine Carbon Market Infrastructure

By Editors | 06/06/2024

The new study group will examine the state of the infrastructure and market practices for carbon credit trading in Japan.

ESG / Sustainability

Active Super Engaged in Greenwashing, Australia Court Rules

By Sanday Chongo Kabange | 06/06/2024

Active Super made “misleading” and “deceptive” representations regarding exclusions applied to gambling, coal mining, Russian entities and oil tar sands investments.

ESG / Sustainability

Australia Launches Inaugural Sovereign Green Bond

By Editors | 05/06/2024

The 10-year bonds, oversubscribed by more than 300 percent, will “deliver significant environmental benefits”.

ESG / Sustainability

Taiwan Issues Guidelines for FIs on Avoiding Greenwashing

By Sanday Chongo Kabange | 04/06/2024

The guidelines set out five principles to help financial institutions avoid greenwashing when making “sustainable” or “green” related statements.

Capital / Liquidity

EU Adopts Final Basel III Rules, Confirms Jan 2025 Roll-Out

By Manesh Samtani | 31/05/2024

Earlier this week, an ECB official said Basel III should be delayed in the EU if the US is too slow to adopt its own reform plan.

Enforcement

ECB Set to Impose First Fines Over Climate Risk – Report

By Editors | 31/05/2024

As many as four banks are said to be already accruing daily fines, though mitigating factors could be taken into account.

ESG / Sustainability

CHKLC to Launch ESG Exam Tailored to HKEX Requirements

By Sanday Chongo Kabange | 31/05/2024

The Chamber of Hong Kong Listed Companies will certify competency to meet HKEX’s requirements on ESG.