Climate Risk

Climate Risk

Hong Kong ‘Greenness’ Assessment Framework for Banks by Year-End

By Manesh Samtani | 02/07/2019

The framework will comprise guiding principles and possible metrics for the greenness assessments, drawing from industry feedback and the HKMA’s participation in the NGFS.

Reporting & Disclosures

FSB TCFD: Not Enough Companies Disclosing Climate Risk Information

By Editors | 07/06/2019

The Task Force said some of the results of its disclosure review and survey are encouraging, but not enough companies are disclosing decision-useful climate-related financial information.

Reporting & Disclosures

HKEX Consults on ESG Reporting Framework

By Editors | 24/05/2019

HKEX is reviewing its ESG reporting framework to ensure it remains fit for purpose and is up to date with investor and stakeholder expectations and international best practice.

Reporting & Disclosures

Japan TCFD Consortium Set for 27 May Inauguration

By Editors | 22/05/2019

The Consortium will serve as a platform to pursue climate-related financial disclosures and decide how the disclosed information will be used in investment decisions.

Climate Risk

Japanese Firms Ally in Support of Climate Risk Transparency

By Editors | 17/05/2019

The Japanese consortium adds nearly 100 more companies, including banks, to the growing list of firms that support the TCFD recommendations on climate risk disclosures.

Climate Risk

Australia Seeks Mandatory Carbon Risk Reporting by 2021

By Editors | 10/05/2019

A green political party in Australia has announced a new policy that will make carbon risk reporting mandatory for banks, insurers, super funds and the largest listed companies in 2021.

Climate Risk

Climate Change a Major Financial Risk, say APRA, ASIC

By Editors | 09/05/2019

“Ultimately there will only be one form of finance, and that will be green finance,” said APRA head of insurance Geoff Summerhayes at the ACSI annual conference.

Sustainable Finance

HKMA Launches Green and Sustainable Banking Initiative

By Manesh Samtani | 08/05/2019

The measures include the development of a common framework and methodology for banks to assess how ‘green’ they are, and requirements to meet supervisory targets in this regard.

Climate Risk

Central Banks Call for Collective Action to Mitigate Climate Risks

By Editors | 23/04/2019

The Central Banks and Supervisors ‘Network for Greening the Financial System’ has published a report providing recommendations to mitigate climate-related financial risks.