ESG / Sustainability

The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.

China’s new National Climate Adaptation Strategy 2035 New Climate Adaptation Strategy encourages financial institutions to innovate and expand solutions.

The Common Ground Taxonomy, first published in November by the EU and China, was updated following consultation.

Policy, development, state-owned, small and medium-sized banks are directed to provide credit to support the construction of water conservancy infrastructure.

The UK Financial Reporting Council proposes to require actuaries to include climate change and other ESG–related risks in the course of their work.

S&P looked at nearly 12,000 equity mutual funds and ETFs representing more than USD 20 trillion in market value. About 11% were aligned with the Paris goals.

The SEC is reportedly investigating whether disclosures made to clients accurately described the investment practices used by two Goldman funds.

Roughly 60% of companies with net zero targets have yet to specify whether carbon offsetting will feature in their decarbonisation strategies.

Being ‘true to label’ is a regulatory must-have when it comes to sustainability-related products, says ASIC deputy chair Karen Chester.

UK and Japan participants agreed to establish an innovation working group to provide a space for collaboration on payments, cryptoassets and financial innovation.