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Sustainable Finance
PBOC Orders Banks to Finance Water Conservancy Projects
By Darien Choong | 16/06/2022
Policy, development, state-owned, small and medium-sized banks are directed to provide credit to support the construction of water conservancy infrastructure.
Climate Risk
BCBS Issues Principles on Managing Climate Risks in Banking
By Manesh Samtani | 15/06/2022
12 principles are aimed at banks and 6 are aimed at financial supervisors and regulators. Implementation is expected “as soon as possible”.
Climate Risk
UK Proposes Climate Risk Requirements for Actuaries
By ESG Investor | 15/06/2022
The UK Financial Reporting Council proposes to require actuaries to include climate change and other ESG–related risks in the course of their work.
Reporting & Disclosures
Green Funds Largely Unaligned with Paris Agreement – S&P
By ESG Investor | 14/06/2022
S&P looked at nearly 12,000 equity mutual funds and ETFs representing more than USD 20 trillion in market value. About 11% were aligned with the Paris goals.
Reporting & Disclosures
US SEC Probes Goldman Sachs for Suspected Greenwashing
By Editors | 14/06/2022
The SEC is reportedly investigating whether disclosures made to clients accurately described the investment practices used by two Goldman funds.
Climate Risk
Corporate Net Zero Targets on the Rise, But Credibility Lacking
By ESG Investor | 14/06/2022
Roughly 60% of companies with net zero targets have yet to specify whether carbon offsetting will feature in their decarbonisation strategies.
Reporting & Disclosures
ASIC Issues New Guidance on Prevent Greenwashing in Funds
By Manesh Samtani | 14/06/2022
Being ‘true to label’ is a regulatory must-have when it comes to sustainability-related products, says ASIC deputy chair Karen Chester.
Structural Regulation
UK, Japan Formalise Arrangements on Regulatory Cooperation
By Editors | 13/06/2022
UK and Japan participants agreed to establish an innovation working group to provide a space for collaboration on payments, cryptoassets and financial innovation.
Reporting & Disclosures
Bursa Malaysia Issues ESG Guidance for Listed Companies
By Editors | 13/06/2022
The guidance is issued as part of an initiative to help listed companies adopt best practices in areas such as governance and sustainability.
Sustainable Finance
Singapore Prepares to Issue First Sovereign Green Bonds
By Darien Choong | 10/06/2022
Singapore authorities have published a framework setting out how the government will issue and manage sovereign green bond issuances.
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