Climate Risk

Reporting & Disclosures

New Zealand XRB Sets Temporary GHG Assurance Standard

By Ranamita Chakraborty | 04/08/2023

From October 2024, climate reporting entities in New Zealand will need to use an internationally recognised assurance standard (ISAE or ISO) to obtain assurance over their greenhouse gas (GHG) emissions disclosures.

Nature & Biodiversity

How will Asia be Impacted by the EU Deforestation Regulation?

By Ranamita Chakraborty | 02/08/2023

Asia’s rapidly eroding forests are in the limelight following the EU Deforestation Regulation passed in April 2023. How will the regulation affect Asia?

Payments & Settlements

New UK Law Promotes Blockchain to Digitise Trade Documents

By Editors | 31/07/2023

The New Electronic Trade Documents Act 2023 will seek to digitise trade documents, promising cost reduction and increased efficiency in international trade.

Climate Risk

FSOC Meeting Highlights Urgent Need to Address Climate Risks

By Editors | 28/07/2023

Gary Gensler said the SEC will consider “appropriate” adjustments to its proposed climate risk disclosure framework.

Climate Risk

Climate-related Litigation More Than Doubles in Five Years

By Editors | 27/07/2023

Approximately 2,180 climate-related lawsuits were filed in 2022, compared to just 884 cases recorded in 2017.

Climate Risk

RBI to Issue Guidance on Climate-related Credit Risks for Banks

By Mark Johnston | 26/07/2023

The RBI is also working on a disclosure framework for climate-related financial risks and guidance on climate scenario analysis.

Reporting & Disclosures

IOSCO Announces Formal Endorsement of ISSB Standards

By Manesh Samtani | 25/07/2023

IOSCO is now calling on regulators around the world to consider adopting the ISSB standards in their local jurisdictions.

Reporting & Disclosures

IFRS Publishes Comparative Analysis of IFRS S2 and TCFD

By Editors | 25/07/2023

The comparative analysis highlights that the requirements outlined in IFRS S2 are consistent with the TCFD recommendations.

Climate Risk

EBA Initiates Consultation on Climate Risk Data Collection

By Editors | 24/07/2023

EBA initiates climate data consultation with EU banks for Fit-for-55 climate risk analysis in collaboration with ESAs, ECB, and ESRB.