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

Sustainable Finance
GFANZ APAC Network Consults on Coal Phase-Out Guidance
By Ranamita Chakraborty | 06/06/2023
DBS and HSBC led the development of the guidance, which outlines practical steps financial institutions can take to support coal phaseout transactions.

Emerging Prudential Risks
CFTC Proposes Rule Update to Account for Crypto and Cyber Risks
By Editors | 05/06/2023
The CFTC is considering requiring firms to update their risk management frameworks to account for related to crypto, AI, cyber, and climate.

Reporting & Disclosures
EU to Include Finance Sector in Due Diligence Rules
By ESG Investor | 04/06/2023
New legislation will impose environmental and human rights due diligence obligations on both financial and non-financial companies.

Sustainable Finance
GFANZ Putting Pressure on APAC Oil and Gas Sector
By ESG Investor | 02/06/2023
New report from IEEFA says APAC’s oil and gas sector will increasingly struggle to secure fundraising from GFANZ member institutions.

Climate Risk
IIF, WTW Explore Metrics for Quantifying Transition Risk
By Mark Johnston | 02/06/2023
The report says emissions-based metrics do not provide a comprehensive indication of a company’s overall exposure to transition risk.

Climate Risk
NGFS to Develop Transition Planning Standards for Supervisors
By Ranamita Chakraborty | 02/06/2023
MAS head Ravi Menon, who chairs the NGFS, said guidance on transition planning will be produced to help supervisors set expectations for FIs.

Reporting & Disclosures
Singapore to Consult Again on Green Taxonomy – Report
By Editors | 01/06/2023
MAS plans to issue a new consultation in the coming weeks to include additional criteria on coal phase-out in the taxonomy.

Reporting & Disclosures
Financial Institutions Press Companies on CDP Disclosure
By ESG Investor | 01/06/2023
Financial institution signatories to CDP are demanding data on climate change, deforestation and water security from more than 1,600 high-impact companies.

Reporting & Disclosures
NZ FMA to Issue Additional Guidance on Climate Disclosures
By Sanday Chongo Kabange | 30/05/2023
The FMA will issue guidance covering monitoring, third-party providers, record-keeping, and scenario analysis in June and July.

Sustainable Finance
UPDATED – More Global Insurers Leave Net-Zero Insurance Alliance
By Ranamita Chakraborty | 29/05/2023
The Net-Zero Insurance Alliance has lost members due to pressure from the anti-ESG movement in the US.
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