Climate Risk

Sustainable Finance

Taskforce Issues Plan for Scalable Carbon Credit Market

By ESG Investor | 11/11/2020

The voluntary carbon market will need to increase in size by 15 times by 2030 to achieve climate change targets, according to an IIF sponsored taskforce.

Sustainable Finance

HKGFA Proposes Framework to Finance Net-zero Transition in High Carbon Sectors

By Manesh Samtani | 11/11/2020

The framework seeks to address financing constraints to decarbonisation in high-emitting sectors such as steel, cement and energy, which don’t have access to green or climate finance.

Sustainable Finance

IFC, HKMA Launch New Alliance to Address Climate Change

By Editors | 09/11/2020

IFC and the HKMA will bring together FIs, associations, research institutions, and technology providers to build capacity for green finance and promote climate investments.

Climate Risk

EBA Consults on Integrating ESG into Risk Management, Supervision

By ESG Investor | 08/11/2020

The consultation paper focuses on counterparty risks and climate change impacts for European investment firms and credit institutions.

Cloud & Infrastructure

New Zealand FMA to Deepen Fintech, ESG Expertise

By Sanday Chongo Kabange | 05/11/2020

The appointments reflect the FMA’s support for innovation in financial services and a commitment to supporting New Zealand’s transition to a greener financial system.

Climate Risk

China Drafts Rules for National Carbon Emissions Trading Scheme

By Editors | 04/11/2020

Companies will have to issue emissions reports, subject to strict disclosure and verification requirements, which will be used to determine the allowances they can trade.

Climate Risk

‘Global Asia Insurance Partnership’ to Launch in January

By Editors | 04/11/2020

GAIP will incubate new risk financing solutions for emerging risks in Asia and serve as a policy think tank, initially focusing on pandemic risk and climate risk.

Climate Risk

Korea Exchange Joins and Declares Support for TCFD

By Sanday Chongo Kabange | 03/11/2020

KRX joins the Ministry of Environment, Shinhan Financial Group, KG Financial Group, Posco and SK Innovation in declaring its support for the TCFD.

Reporting & Disclosures

ESG Risk Disclosure Standards Would Support Bank Stress Tests – Fitch

By ESG Investor | 01/11/2020

Ratings agency puts case for integration of ESG risks into financial reporting using “common set of internationally comparable metrics”.