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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 Invites Banks to Participate in Climate Stress Testing Pilot
By Editors | 07/12/2020
Participating banks will need to assess physical risk and transition risk separately under different scenarios, and evaluate the financial impact in both the short term and long term.
Climate Risk
“Swift Action” Needed to Implement Carbon Pricing: GFMA
By ESG Investor | 06/12/2020
An estimated $100 to $150 trillion of climate-related investment will be required over the next three decades to transition to a low carbon economy, says a report from GFMA and BCG.
Reporting & Disclosures
Australia Gets New 10-Year Roadmap on Sustainable Finance
By Shruti Khairnar | 03/12/2020
The roadmap makes 37 recommendations, including a 2023 deadline for financial institutions and major listed companies to report according to the TCFD framework.
Climate Risk
Malaysia, Japan Authorities Appointed to NGFS Steering Committee
By Sanday Chongo Kabange | 23/11/2020
The inclusion of Japan’s FSA, BNM and Bank of Canada on the steering committee will widen the NGFS’ global reach and strengthening its geographical representation.
Climate Risk
FSB Warns of Sharp Falls in Asset Prices from Climate Risk
By ESG Investor | 23/11/2020
Physical and transition risks could combine to increase destabilisation, the FSB says in a new report, citing “numerous sources of uncertainty”.
Climate Risk
KRX Launches Index Tracking Carbon Efficiency of Listed Companies
By Editors | 19/11/2020
The index assigns weightings based on carbon-to-revenue footprints calculated using information in sustainability reports, annual reports, ESG reports, and other publicly disclosed sources.
Reporting & Disclosures
Exchanges to Support Investor Need for Climate Disclosures: UN SSE
By ESG Investor | 18/11/2020
The United Nations Sustainable Stock Exchange is looking to publish climate-related reporting guidelines next year.
Climate Risk
ASEAN Central Banks Endorse Collective Approach to Climate Risk
By Shruti Khairnar | 18/11/2020
A new report offers a set of non-binding recommendations to promote a unified ASEAN approach towards managing climate and environment-related risks.
Emerging Prudential Risks
FSB to Address NBFI Vulnerabilities as Key Priority in Year Ahead
By Manesh Samtani | 17/11/2020
In a letter to the G20, the FSB outlines its key priorities for the year ahead, including work to address vulnerabilities in money market funds, open-ended funds, and bond markets.
Operational Risk
SEBI to Expand Risk Management Committee’s Role at Listed Entities
By Editors | 15/11/2020
The requirement to constitute a risk management committee will be expanded to more companies and its role expanded to include ESG risks.
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