Sustainability & ESG

Reporting & Disclosures

ESMA Tackles Greenwashing with New Tool

By ESG Investor | 10/06/2024

The EU watchdog plans to ramp up scrutiny of sustainable financial products, warning providers not to make “unsubstantiated” claims.

Climate Risk

China Releases Plans for Carbon Footprint Management System

By Manesh Samtani | 08/06/2024

The government expects the carbon footprint management system to force companies to participate in carbon market transactions.

Structural Regulation

Japan Designates Four Cities as Special Asset Management Zones

By Editors | 07/06/2024

The government will work with Tokyo, Osaka, Sapporo, and Fukuoka to develop an attractive environment for asset managers.

ESG Data

SET to Develop New System for Managing Emissions Data

By Editors | 06/06/2024

Energy consumption data will feed directly into the “SET Carbon system”. A prototype is expected to be ready in Q1 2025.

Reporting & Disclosures

HKMA May Make Green Taxonomy Mandatory for Banks

By Nithya Subramanian | 06/06/2024

Executive director Kenneth Hui said the HKMA is considering making the taxonomy mandatory for the banking sector.

Sustainable Finance

Japan Forms Group to Examine Carbon Market Infrastructure

By Editors | 06/06/2024

The new study group will examine the state of the infrastructure and market practices for carbon credit trading in Japan.

Reporting & Disclosures

Active Super Engaged in Greenwashing, Australia Court Rules

By Sanday Chongo Kabange | 06/06/2024

Active Super made “misleading” and “deceptive” representations regarding exclusions applied to gambling, coal mining, Russian entities and oil tar sands investments.

Sustainable Finance

Australia Launches Inaugural Sovereign Green Bond

By Editors | 05/06/2024

The 10-year bonds, oversubscribed by more than 300 percent, will “deliver significant environmental benefits”.

Reporting & Disclosures

Taiwan Issues Guidelines for FIs on Avoiding Greenwashing

By Sanday Chongo Kabange | 04/06/2024

The guidelines set out five principles to help financial institutions avoid greenwashing when making “sustainable” or “green” related statements.