Sustainability & ESG

Climate Risk

MAS Finalises Environmental Risk Management Guidelines for Banks

By Manesh Samtani | 08/12/2020

MAS has extended the transition period from 12 months to 18 months, and says it will start engaging key banks on their implementation progress from Q2 2021.

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.