Climate Risk

Climate Risk

Vanguard Withdraws from NZAM Alliance Amid Political Pressure

By Editors | 13/12/2022

The move came a day after a senate committee report was released highlighting the outsized influence of the “Big Three” asset managers towards ESG.

Reporting & Disclosures

Australian Treasury Consults on Climate Disclosures

By ESG Investor | 13/12/2022

Australia is consulting on the design and implementation of its proposed standards for the mandatory disclosure of climate‑related financial risks and opportunities.

Reporting & Disclosures

HKMA Issues Guidance for Banks on Reducing Greenwashing Risks

By Editors | 12/12/2022

The guidance is based on thematic examinations at banks, conducted to ensure they proper systems and control in place to manage their green and sustainable products.

Sustainable Finance

Bursa Malaysia Launches Shariah Compliant Carbon Exchange

By Editors | 11/12/2022

The first trades will be conducted via an auction in March 2023. Project developers, project proponents, and corporate buyers are invited to participate.

ESG Data

Malaysia JC3 to Prioritise Work on Climate & Environmental Data

By Editors | 09/12/2022

The JC3 will work with data providers in 2023 to improve data accessibility, quality, comparability and consistency; and develop strategies to substantially reduce data gaps.

Climate Risk

Banks Get New Guidance on Financing Net Zero in Agriculture

By Editors | 08/12/2022

The new guidance sets out four key steps for setting agricultural emissions targets and calls on banks to engage with farmers on sustainable strategies.

Climate Risk

Fed Board Proposes Climate Risk Framework for Large US Banks

By Editors | 06/12/2022

One governor said he disagrees with the premise that climate change poses a serious risk to large banks and US financial stability because stress tests show the banks are resilient.

Climate Risk

BNM Finalises New Requirements on Climate Risk Management

By Sanday Chongo Kabange | 05/12/2022

Governance, strategy, risk appetite and risk management requirements take effect on 31 Dec 2023; and scenario analysis and disclosure requirements one year later.

Reporting & Disclosures

The Legal and Regulatory Risks of ESG “Greenwashing” in Hong Kong

By Stephanie Tsui | 02/12/2022

Stephanie Tsui and Mark Lin at Hogan Lovells discuss the legal framework and tools available in Hong Kong to combat greenwashing behaviour.