ESG / Sustainability

ESG / Sustainability

More Progress Needed to Achieve Consistent Climate Disclosures

By Editors | 14/11/2024

Progress reports from the FSB and IFRS Foundation show that significant progress has been made, but more is needed.

ESG / Sustainability

New Zealand XRB Adopts Proposals to Ease Climate Reporting Burden

By Manesh Samtani | 13/11/2024

One of the approved amendments will allow an optional one-year delay for assurance of scope 3 GHG emissions disclosures, in recognition of current data challenges.

ESG / Sustainability

Singapore Pledges $500m in Concessional Funding for Climate Action

By Nithya Subramanian | 13/11/2024

The government will match every dollar, up to $500mn, of concessional capital committed by other partners involved in the FAST-P initiative.

Capital / Liquidity

HKMA Proposes Revisions to Policy Manual on Pillar 2 Capital

By Sanday Chongo Kabange | 12/11/2024

The revisions incorporate the Basel III reforms and allow Pillar 2 capital charges to be imposed for inadequate systems and controls to address climate risks.

ESG / Sustainability

Bangladesh Bank Increases Green Lending Targets to Support SDGs

By Nithya Subramanian | 12/11/2024

From 2025, banks will be required to allocate 40% of their net outstanding loans to green and sustainable ventures.

ESG / Sustainability

HKMA Urges Banks to Adopt and Support GreenTech

By Manesh Samtani | 11/11/2024

Carmen Chu said the HKMA will soon publish an adoption practice guide outlining how Greentech can help FIs achieve their sustainability targets.

Enforcement

US SEC Fines Invesco $17.5m over Misleading ESG Claims

By ESG Investor | 09/11/2024

Invesco Advisers was charged for making misleading statements about the percentage of company-wide AUM that integrated ESG factors in investment decisions.

ESG / Sustainability

Chinese Exchanges Issue Guides on Preparing Sustainability Reports

By Manesh Samtani | 09/11/2024

The guides provide a “toolbox” to help listed companies improve their sustainable development governance frameworks, workflows and related disclosures.

ESG / Sustainability

RBI Expands Sovereign Green Bond Access for Non-resident Investors

By Nithya Subramanian | 09/11/2024

The RBI added 10-year SGrBs issued in the second half of the fiscal 2024-25 as ‘specified securities’ under the Fully Accessible Route.