Sustainability & ESG

Climate Risk

IAIS Issues First of Three Consultations on Climate Risk

By Editors | 17/03/2023

The consultations are aimed at promoting a globally consistent supervisory approach to address climate-related risks in the insurance sector.

Sustainable Finance

Thailand to Allow SMEs Issue Sustainability-Themed Bonds

By Editors | 16/03/2023

Regulatory amendments will enable small “businesses of all types and sizes” to offer sustainability-themed bonds.

Reporting & Disclosures

New Zealand Considers Climate Reporting Exemptions for Secondary Listed Issuers

By Sanday Chongo Kabange | 15/03/2023

The exemptions seek to reduce compliance costs for foreign exempt issuers that already produce similar reporting in their home jurisdiction.

Reporting & Disclosures

New Guidance for Accounting, Reporting Real Estate Emissions

By ESG Investor | 15/03/2023

The three organisations have outlined recommendations for on accounting and reporting real estate operational emissions.

Climate Risk

European Banks to Undergo Climate, Cyber Stress Tests

By Mark Johnston | 15/03/2023

European regulators have been asked to conduct a one-off climate risk scenario analysis. The ECB separately plans to launch a thematic stress test on cyber resilience.

Reporting & Disclosures

ESG Scrutiny Reveals Cracks in Credit Rating Methods

By ESG Investor | 15/03/2023

An IEEFA study has found “no direct relationship” between ESG credit scores and credit ratings, due to ratings providers still “evaluating companies the traditional way”.

Climate Risk

FIs’ Climate-related Risk Capture Incomplete, says BoE

By ESG Investor | 15/03/2023

Existing capability and regime gaps “create uncertainty” over whether financial institutions are adequately capitalised for future climate-related losses, says the Bank of England.

Sustainable Finance

Philippines to Adopt ASEAN SRFS, Issue Blue Bond Framework

By Editors | 15/03/2023

The SEC will adopt the ASEAN Sustainable and Responsible Fund Standards and separately release a new blue bond framework by Q2.

Sustainable Finance

PRI Identifies Demand for Sustainable Finance Taxonomy in Japan

By Editors | 14/03/2023

PRI survey identified “substantial demand” from investors for some form of comprehensive sustainable finance taxonomy for Japan.