Sustainability & ESG

Sustainable Finance

MAS to Place $2bn With Green Asset Managers ‘Soon’

By Manesh Samtani | 09/03/2021

Ravi Menon said MAS has identified the asset managers who will participate in the Green Investments Programme announced in November 2019.

Climate Risk

PwC Offers ESG Risk Management Recommendations for Banks

By Manesh Samtani | 09/03/2021

Banks need to adopt training and change management programmes to ensure employees embrace ESG risk management as a requirement and discipline.

Climate Risk

BOJ Governor Says Climate Change Should Guide Monetary Policy

By Editors | 08/03/2021

The BOJ must speed up research and deepen its understanding of climate change and its impacts on monetary policy, Governor Haruhiko Kuroda told parliament.

Reporting & Disclosures

IFRS Foundation Outlines Plans for Sustainability Reporting Board

By Editors | 08/03/2021

The Trustees remain on track to make a final determination about a new board in advance of the November 2021 United Nations COP26 conference.

Reporting & Disclosures

US SEC Forms Task Force to Pursue ESG-related Misconduct

By Editors | 08/03/2021

The task force’s initial focus will be to identify material gaps or misstatements in issuers’ disclosure of climate risks under existing rules.

Sustainable Finance

SGX Acquires Stake in Rubber Trading Platform HeveaConnect

By Ranamita Chakraborty | 08/03/2021

The investment will bolster HeveaConnect’s capability as a price discovery platform for sustainable natural rubber, in line with SGX’s recent focus on sustainability.

Capital Adequacy

FSC Korea Unveils Policy Plans for Insurance Sector

By Ranamita Chakraborty | 06/03/2021

The policy plans include measures to promote digital insurance products and establish standards for online platform services, among other measures.

Sustainable Finance

Chinese SOEs to Issue Carbon Neutrality Bonds on Shanghai Bourse

By Editors | 04/03/2021

China Energy Investment Corp, State Power Investment Corp, China Huaneng Group Co and China National Nuclear Corp will issue carbon neutrality bonds on the SSE.

Reporting & Disclosures

EU: Delay to Finalised RTS Generates SFDR Uncertainty

By ESG Investor | 04/03/2021

Asset managers had hoped that finalised regulatory technical standards for Level 2 SFDR reporting would be available to assist preparations for Level 1 compliance.