Climate Risk

Reporting & Disclosures

IPSASB to Develop Climate Disclosure Standard for Public Sector

By Mark Johnston | 15/06/2023

The IPSASB will build off the IFRS S2 Climate-related Disclosures standard and GRI climate-related topic standards, and produce an exposure draft in Q4 2024.

Climate Risk

JPMorgan Sets Out Core Principles for Carbon Markets

By Ranamita Chakraborty | 13/06/2023

JPMorgan has come up with a set of principles to address the current lack of trust in some existing carbon credits.

Climate Risk

APRA Adds Climate Change Risk to New Statement of Intent

By Editors | 12/06/2023

A key update is the explicit inclusion of climate-related financial risks as a consideration for APRA’s duties.

Reporting & Disclosures

OECD Updates Guidance on Responsible Business Conduct

By ESG Investor | 12/06/2023

The updates cover business conduct across climate change, biodiversity, technology, business integrity and supply chain due diligence.

Reporting & Disclosures

Critical Sustainability Reporting Gaps Remain for APAC Firms: Study

By Ranamita Chakraborty | 11/06/2023

A study by PwC Singapore and NUS Business School found that only 51 percent of the top listed companies in 14 APAC markets disclose net-zero targets.

Sustainable Finance

MAS Calls on Banks to ‘Carefully Assess’ Client Transition Plans

By Ranamita Chakraborty | 09/06/2023

MAS will issue a consultation on transition planning later this year. A new association will be formed to foster a dynamic ecosystem for green and transition finance.

Reporting & Disclosures

Malaysia Launches New Accreditation Programme for Directors

By Ranamita Chakraborty | 07/06/2023

Existing directors will have 24 months to complete the new sustainability-focused accreditation programme.

Credit Risk

Continued Vigilance Needed from Banks, Supervisors: BCBS

By Manesh Samtani | 07/06/2023

The BCBS highlighted the need for ongoing monitoring and mitigation of near-term interest rate and credit risk.

Climate Risk

Investors Set Ten Tests for Banks’ Transition Plans

By ESG Investor | 06/06/2023

The IIGCC in consultation with TPI Centre outlined investor expectations for banks’ net zero transition strategies.