Sustainability & ESG

Climate Risk

Four Banks and an Insurer Have Quit SBTi – Reports

By Editors | 01/12/2023

Standard Chartered, HSBC, Societe Generale, ABN Amro and Allianz have left the UN-backed Science Based Targets Initiative.

Reporting & Disclosures

ASIC: Morningstar Pays Two ESG-related Infringement Notices

By Manesh Samtani | 01/12/2023

Morningstar fund investors were exposed to weapons companies for “short periods of time” despite an ESG Policy that prohibited such exposures.

Climate Risk

Tokyo Launches Market Maker Trials for Carbon Market

By Manesh Samtani | 30/11/2023

The market makers for the trial include Sumitomo Corp, Daiwa Securities, Marubeni Corp, Mizuho Bank, and Mitsui & Co.

Sustainable Finance

HKMA Sets Standards for Sale of Green & Sustainable Investment Products

By Sanday Chongo Kabange | 30/11/2023

Registered institutions that sell and distribute green and sustainable investment products have 12 months to comply.

Emerging Prudential Risks

BCBS Consults on Climate Risk Disclosure Framework for Banks

By Manesh Samtani | 30/11/2023

The BCBS proposes to provide a common disclosure baseline for climate-related financial risks across internationally active banks.

Reporting & Disclosures

Bursa Malaysia and UN Global Compact Network Collaborate on Sustainability

By Editors | 29/11/2023

Bursa Malaysia and UNGCMYB will explore several initiatives to support the upskilling of sustainability practitioners of PLCs and SMEs.

Structural Regulation

OJK Indonesia Launches Roadmap to Boost Islamic Banking

By Editors | 29/11/2023

The roadmap consists of five pillars, including one focusing on ensuring Islamic banking places emphasis on social welfare alongside profitability.

Sustainable Finance

HKEX and China Beijing Green Exchange Partner on ESG

By Sanday Chongo Kabange | 29/11/2023

HKEX and CBGEX will cooperate on building an ESG ecosystem and collaborate on promoting green and sustainable finance.

Climate Risk

Korea FSS Shares Climate Risk Supervision Expertise with Asian Counterparts

By Manesh Samtani | 29/11/2023

ADB evaluated Korea’s climate risk management and supervision strategy and believes it should be introduced as a best practice in the region.