ESG / SUSTAINABILITY

ESG / Sustainability

RBNZ Publishes ‘Too Little, Too Late’ Climate Stress Test Scenario

By Editors | 15/08/2023

The climate stress test scenario is titled ‘Too Little, Too Late’ because of the lengthy delay in enacting meaningful global climate policies.

ESG / Sustainability

TNFD Backs Global Nature-related Public Data Facility

By ESG Investor | 14/08/2023

TNFD said nature-related data is an “essential pre-requisite to address the global challenge of accelerating nature loss”.

ESG / Sustainability

FCA Issues Timeline for UK’s ISSB-based Disclosures

By ESG Investor | 14/08/2023

The FCA will be consulting in Q1 2024 with a view to finalising its policy position by end 2024 and commencing reporting from 2026.

ESG / Sustainability

ASIC Takes Legal Action Against Active Super for Alleged Greenwashing

By Ranamita Chakraborty | 11/08/2023

Australian superannuation fund Active Super allegedly invested in coal, tobacco, and Russian entities despite claiming to be ethical and responsible.

ESG / Sustainability

New Zealand: FMA Official Tackles Greenwashing Concerns

By Editors | 10/08/2023

FMA executive director Paul Gregory addressed greenwashing in funds industry, focusing on regulatory perspectives on fair dealing and members’ interests.

ESG / Sustainability

S&P Global Ratings Stops Providing ESG Credit Indicators

By Ranamita Chakraborty | 10/08/2023

With immediate effect, the impact of ESG factors on a borrower’s creditworthiness will now be conveyed through narrative paragraphs in the rating agency’s reports.

ESG / Sustainability

BlackRock Launches NZ$2b Fund to Support New Zealand Transition

By Mark Johnston | 09/08/2023

BlackRock has partnered with the New Zealand government to launch a NZD 2 billion climate infrastructure fund.

ESG / Sustainability

Taiwan Inaugurates Carbon Exchange, Targeting Net Zero by 2050

By Editors | 08/08/2023

The Kaohsiung-based carbon exchange will initially offer consultation services. Trading will start in the first half of next year.

ESG / Sustainability

Hong Kong to Develop Roadmap for ISSB Standards Adoption

By Editors | 08/08/2023

A special working group will be established to work on the roadmap and make recommendations to the Green and Sustainable Finance Cross-Agency Steering Group.