Climate Risk

Anti-Money Laundering

Why Asia Needs to Know About a German Supply Chain Law

By Elke Biechele. RisikoTek | 01/06/2021

A more evidence-driven approach to supply chain due diligence is needed as human rights and environmental risk come into focus, writes Elke Biechele.

Reporting & Disclosures

G7 to Agree Global Corporate Tax at July Meeting – Report

By Editors | 31/05/2021

A G7 draft communique said a global minimum corporate tax will be agreed to help alleviate the strain on public finances.

Sustainable Finance

Global Banks Form Steel Decarbonisation Working Group

By Editors | 31/05/2021

Six banks will define common standards of action for steel sector decarbonisation through a collective climate-aligned finance agreement.

Climate Risk

APRA Invites Tenders to Help Model Physical Climate Risk

By Editors | 31/05/2021

APRA is seeking physical climate risk modelling capabilities to support the delivery of climate scenario analysis data to banks participating in the CVA project.

Cryptocurrency

Inner Mongolia Government Threatens Punishment for Crypto Mining

By Sanday Chongo Kabange | 28/05/2021

A new notice warns telecoms, big data centres and cloud computing companies of severe punishment if they engage in or facilitate crypto mining activities.

ESG Data

NGFS Publishes Preliminary Findings on Climate-related Data Gaps

By Editors | 26/05/2021

The availability of reliable climate-related data requires swift progress on disclosures, global taxonomy, and transparent and quality-assured metrics, the NGFS says.

Sustainable Finance

BOE Explores Options for Greening Bond Purchase Programme

By Sanday Chongo Kabange | 26/05/2021

The BOE is exploring tools to incentivise companies whose debt it holds to take decisive action to achieve net zero in meaningful and lasting ways.

Climate Risk

IAIS Offers Supervisory Guidance on Climate Risk in Insurance Sector

By Editors | 25/05/2021

New paper sets out recommendations to promote a globally consistent approach to the supervision of climate-related risks in the insurance sector.

Climate Risk

FSC Korea Advances Initiatives to Respond to Climate Risk

By Manesh Samtani | 25/05/2021

The FSC has officially declared support for the TCFD, applied for NGFS membership, and launched a new consultative body with state-backed FIs on green finance.