Sustainability & ESG

    Climate Risk

    HKMA Invites Banks to Participate in Climate Stress Testing Pilot

    By Editors | 07/12/2020

    Participating banks will need to assess physical risk and transition risk separately under different scenarios, and evaluate the financial impact in both the short term and long term.

    Climate Risk

    “Swift Action” Needed to Implement Carbon Pricing: GFMA

    By ESG Investor | 06/12/2020

    An estimated $100 to $150 trillion of climate-related investment will be required over the next three decades to transition to a low carbon economy, says a report from GFMA and BCG.

    Reporting & Disclosures

    Australia Gets New 10-Year Roadmap on Sustainable Finance

    By Shruti Khairnar | 03/12/2020

    The roadmap makes 37 recommendations, including a 2023 deadline for financial institutions and major listed companies to report according to the TCFD framework.

    Sustainable Finance

    BNM to Update Framework for Microinsurance, Microtakaful Products

    By Editors | 03/12/2020

    The proposals presented in a new exposure draft seek to promote more innovative, sustainable and inclusive insurance and takaful business models.

    Sustainable Finance

    ESG Indices Offer Ethical Investment Without Sacrificing Returns: HKEX

    By ESG Investor | 02/12/2020

    Outperformance by ESG indices versus parents stems from “better financial performance and/or higher investor valuation of constituents, HKEX says in a new study.

    Sustainable Finance

    HKEX Launches Sustainable and Green Exchange, ‘STAGE’

    By Editors | 02/12/2020

    STAGE will provide greater access and transparency on sustainable-themed products, as part of measures to support Hong Kong’s goal to become the green finance hub.

    Sustainable Finance

    HKIMR Offers Suggestions to Develop Hong Kong Green Bond Market

    By Shruti Khairnar | 27/11/2020

    To encourage more active participation in the market, efforts can be made to implement tax incentives and subsidies to address the high costs of certification.

    Reporting & Disclosures

    IOSCO Outlines Priority Areas of Work for Year Ahead

    By Editors | 25/11/2020

    At its 45th Annual Meeting, the IOSCO Board approved two additional priority themes for 2021 as well as further work to promote consistent sustainable finance disclosures.

    Sustainable Finance

    Singapore, Chongqing Work to Enhance Financial Connectivity

    By Sanday Chongo Kabange | 25/11/2020

    MAS managing director Ravi Menon spoke of collaboration between the two cities on trade, cross-border lending, green finance, and disaster risk insurance.

    Sustainable Finance

    MAS Offers Grants to Support Green and Sustainability-Linked Loans

    By Editors | 25/11/2020

    MAS will defray the costs associated with engaging independent sustainability assessment and advisory service providers for green and sustainability-linked loans.

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