Sustainability & ESG

Climate Risk

US Treasury Principles Aim to Make Net Zero “the Norm”

By ESG Investor | 06/10/2023

Principles announced by Treasury Secretary Janet Yellen put emphasis on Scope 3 reporting from financial institutions and measurable targets.

Emerging Prudential Risks

BCBS to Issue New Consultations on Climate, Crypto Disclosures

By Editors | 06/10/2023

Consultation on bank disclosures of crypto exposures coming “soon”. Consultation on Pillar 3 disclosures for climate-related financial risks coming in November.

Sustainable Finance

Bursa Malaysia Issues Handbook for Voluntary Carbon Market

By Editors | 06/10/2023

The handbook defines the roles and functions of key entities in Malaysia’s carbon market operations, and provides information on how the Bursa Carbon Exchange works.

Reporting & Disclosures

HKGFA Offers Suggestions on Next Phase of Taxonomy Development

By Manesh Samtani | 05/10/2023

New report launched at HKGFA’s 6th Annual Forum proposes 21 additional green activities for the next phase of taxonomy development in Hong Kong.

Reporting & Disclosures

Philippine SEC Consults on Revised Sustainability Reporting Guidelines

By Editors | 04/10/2023

Listed companies will be required to submit sustainability reports in two formats. Consultation is open until 16 October.

Climate Risk

New Asset Owner Working Group “Critical” for Climate Action – AIGCC

By ESG Investor | 04/10/2023

The new AIGCC working group will help Asia’s asset owners to learn from their peers in the region, connect with experts, and share best practice.

Reporting & Disclosures

NZ FMA Issues Record Keeping Guidance for Climate Disclosures Regime

By Sanday Chongo Kabange | 04/10/2023

The guidance sets out principles for firms to ensure their records evidence that climate statements comply with the CRD requirements.

Reporting & Disclosures

Implementation of Green Taxonomy an “Evolving” Process: HKMA

By Nithya Subramanian | 04/10/2023

The SFC is also advocating for Hong Kong to be broadly aligned with ISSB standards, starting with sustainable reporting by listed companies.

Sustainable Finance

Japan PM Signals Support for Sustainable, Impact Investing

By ESG Investor | 04/10/2023

Japanese Prime Minister Fumio Kishida said a plan would be finalised by year-end to channel a greater share of savings into sustainable investment vehicles.