Climate Risk

    Reporting on regulatory responses, risk management practices, and financial impacts of climate-related risks, including physical and transitional risks.

    Market Data & Technology

    G20 Data Gaps Initiative Has ‘Proven its Value’: FSB, IMF

    By Editors | 07/10/2020

    The fourth progress report on phase two implementation of DGI-2 says progress made to date has proven its value during the crisis triggered by the Covid-19 pandemic.

    Climate Risk

    Science-based Targets Launched for Finance

    By ESG Investor | 06/10/2020

    Mark Carney hints at a COP 26 role for the Science Based Targets initiative as a TCFD pathway for the finance sector.

    Reporting & Disclosures

    IFRS Foundation Consults on Role in Global Sustainability Standards

    By Editors | 02/10/2020

    One possible option is for the IFRS Foundation to establish a new sustainability standards board, operating alongside the IASB, focusing initially on climate-related matters.

    Climate Risk

    HKMA Pushes Forward Green & Sustainable Banking Initiatives

    By Manesh Samtani | 01/10/2020

    A pilot climate stress testing exercise involving Hong Kong banks will commence early next year. A local green taxonomy is under development.

    Climate Risk

    New Guidance on Integrating Climate Change in Investment Process

    By Editors | 28/09/2020

    CFA Institute says 75% of global C-level executives in the investment industry believe climate change is important, but only 40% incorporate it in their investment process.

    Climate Risk

    Korea FSS Calls on Financial Sector to Disclose Climate Risks

    By Editors | 24/09/2020

    The FSS plans to release guidelines on the disclosure of environmental information and develop a tool to stress test financial resilience to climate risk.

    Reporting & Disclosures

    A New Zero Tolerance Era for ESG Reporting

    By Editors | 22/09/2020

    As nations across the globe come to terms with understanding and tackling climate change, mandatory reporting of such risks across capital markets could well become the norm.

    Climate Risk

    Malaysian FIs to Pilot Implementation of Climate Risk Taxonomy

    By Manesh Samtani | 16/09/2020

    This month, 12 financial institutions will commence a pilot to implement a principles-based taxonomy for classifying climate risk, one of a number of initiatives to build climate resilience.

    Reporting & Disclosures

    New Zealand to Introduce Mandatory Climate Risk Reporting

    By Manesh Samtani | 15/09/2020

    If approved by Parliament, the new comply-or-explain climate risk disclosure regime could come into effect in 2023 at the earliest.

    Climate Risk

    NGFS Seeks Wider Adoption of Environmental Risk Analysis at FIs

    By Editors | 10/09/2020

    The NGFS is calling for wider use of ERA in the financial industry, offering case studies to showcase the adoption of ERA tools and methodologies by some FIs.

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