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Reporting & Disclosures
Hong Kong Advances Work to Develop Green Finance Capacity, Talent
By Editors | 21/06/2022
Hong Kong will develop a GHG emissions estimation tool, a green classification framework, and adopt the ISSB standards when they’re ready.
Cryptocurrency
BIS Innovation Hub Announces New Set of Projects
By Editors | 20/06/2022
The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.
Climate Risk
Key Role for Finance in China Climate Adaptation Strategy
By Darien Choong | 20/06/2022
China’s new National Climate Adaptation Strategy 2035 New Climate Adaptation Strategy encourages financial institutions to innovate and expand solutions.
Sustainable Finance
Bank of China Issues First Notes Aligned to Updated CGT
By Editors | 17/06/2022
The Common Ground Taxonomy, first published in November by the EU and China, was updated following consultation.
Cryptocurrency
Shanghai Strengthens Efforts to Curb Crypto Mining
By Darien Choong | 17/06/2022
Crypto mining has continued in China despite a government ban on such activities since May 2021.
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.
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