Sustainability & ESG

Sustainable Finance

China to Launch Targeted Re-lending Facility for Clean Coal

By Darien Choong | 19/11/2021

The CNY 200 billion re-lending facility will provide targeted financing support for cleaner coal mining, processing, and power and heat generation.

Reporting & Disclosures

Taiwan FSC to Strengthen ESG Disclosure Requirements

By Darien Choong | 19/11/2021

The FSC is requiring listed companies to include ESG information including data on GHG emissions and workplace diversity in annual reports.

Sustainable Finance

Bursa Malaysia Announces New Initiative to Accelerate ESG Adoption

By Manesh Samtani | 18/11/2021

The initiative, known as #financing4ESG, will promote sustainable finance in Malaysia and accelerate ESG adoption among listed companies.

Emerging Prudential Risks

FSB Plenary Agrees Work Programme for 2022

By Manesh Samtani | 18/11/2021

The programme includes work around the response to Covid-19, NBFI resilience,  crypto/stablecoin/DeFi risks, climate risk, and the post-2008 crisis reforms.

Reporting & Disclosures

FMA Issues Guidance on Mandatory Climate Disclosure Regime

By Sanday Chongo Kabange | 18/11/2021

In-scope climate reporting entities with a 31 March balance date will have to file their first climate statements by 31 July 2024, says the FMA’s Sarah Vrede.

Climate Risk

SBTi to Define Net Zero Standard for Financial Institutions

By Editors | 16/11/2021

SBTi identifies three approaches to net-zero definitions for FIs. It plans to define a standard for FIs to use in target-setting and performance-tracking.

Emerging Prudential Risks

BCBS Consults on Principles for Banks’ Management of Climate Risks

By Editors | 16/11/2021

The principles offer guidance for banks on corporate governance, internal control frameworks, risk management, risk reporting, and scenario analysis, among other areas.

Sustainable Finance

New Zealand to Issue First Sovereign Green Bonds in 2022

By Sanday Chongo Kabange | 16/11/2021

New Zealand plans to issue sovereign green bonds next year to help raise finance for the country’s low carbon transition.

Reporting & Disclosures

Australia Finalises Rules on Super Fund Portfolio Disclosures

By Editors | 15/11/2021

Morningstar has expressed concern that the rules do not require super funds to disclose specific stocks or bonds held in portfolios run by external asset managers.