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Reporting on regulatory responses, risk management practices, and financial impacts of climate-related risks, including physical and transitional risks.
Climate Risk
HKMA Asks Banks to Apply Basel Climate Risk Guidance
By Editors | 22/06/2022
The HKMA will assess the need to align its supervisory framework with BCBS Principles for managing and supervising climate-related financial risks.
Reporting & Disclosures
Thai SEC Partners With CDP to Drive Environmental Disclosures
By Sanday Chongo Kabange | 22/06/2022
The SEC and CDP will co-develop a programme to improve the quantity and quality of environmental disclosures from corporates and FIs in Thailand.
Climate Risk
Key Role for Finance in China Climate Adaptation Strategy
By Darien Choong | 20/06/2022
China’s new National Climate Adaptation Strategy 2035 New Climate Adaptation Strategy encourages financial institutions to innovate and expand solutions.
Cryptocurrency
Shanghai Strengthens Efforts to Curb Crypto Mining
By Darien Choong | 17/06/2022
Crypto mining has continued in China despite a government ban on such activities since May 2021.
Sustainable Finance
PBOC Orders Banks to Finance Water Conservancy Projects
By Darien Choong | 16/06/2022
Policy, development, state-owned, small and medium-sized banks are directed to provide credit to support the construction of water conservancy infrastructure.
Climate Risk
BCBS Issues Principles on Managing Climate Risks in Banking
By Manesh Samtani | 15/06/2022
12 principles are aimed at banks and 6 are aimed at financial supervisors and regulators. Implementation is expected “as soon as possible”.
Climate Risk
UK Proposes Climate Risk Requirements for Actuaries
By ESG Investor | 15/06/2022
The UK Financial Reporting Council proposes to require actuaries to include climate change and other ESG–related risks in the course of their work.
Climate Risk
Corporate Net Zero Targets on the Rise, But Credibility Lacking
By ESG Investor | 14/06/2022
Roughly 60% of companies with net zero targets have yet to specify whether carbon offsetting will feature in their decarbonisation strategies.
Reporting & Disclosures
Bursa Malaysia Issues ESG Guidance for Listed Companies
By Editors | 13/06/2022
The guidance is issued as part of an initiative to help listed companies adopt best practices in areas such as governance and sustainability.
Reporting & Disclosures
Code of Practice Launches for Voluntary Carbon Markets
By ESG Investor | 10/06/2022
Google, Unilever and Hitachi have signed on to the new code, which aims to improve the integrity of corporate claims about the use of carbon credits.
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