Sustainability & ESG

KYC & CDD

Companies Not Protecting Against Third Party Risk: Refinitiv

By Editors | 18/05/2020

43% of third parties do not receive due diligence checks, and 62% of respondents do not know the extent to which third parties are outsourcing work.

ESG Data

Nasdaq Launches Service to Track ESG Impact of Investments

By Editors | 18/05/2020

‘ESG Footprint’ helps investors track a wide range of sustainability criteria, including carbon footprint, board diversity and companies flagged for human rights issues.

Sustainable Finance

Hong Kong Launches New Certification Scheme for ESG Funds

By Editors | 14/05/2020

The new green finance certification scheme for ESG funds is an extension of the HKQAA’s certification service for green funds, launched in September 2019.

Climate Risk

BIS Calls for Global Cooperation to Mitigate ‘Green Swan’ Risks

By Manesh Samtani | 14/05/2020

More global coordination is needed to foster change in methodologies and mindsets to deal with global green swan risks, says a new BIS paper.

Climate Risk

HKMA Launches ‘Greenness’ Assessment Framework

By Editors | 13/05/2020

Around 50 AIs will initially be expected to complete the assessment for end-2019 within 12 weeks. Other AIs are encouraged to reflect on their readiness to address climate and environmental risks.

Sustainable Finance

ICMA Publishes High-level Definitions For Sustainable Finance

By Editors | 12/05/2020

There is a need for convergence on terminology among markets participants, wider stakeholders, as well as policymakers and regulators, ICMA says.

Sustainable Finance

HK Regulators Establish Green and Sustainable Finance Steering Group

By Editors | 05/05/2020

Initiated by the HKMA and SFC, the Steering Group will coordinate across other agencies and sectors to position Hong Kong as a global leader in green and sustainable finance.

Structural Regulation

Australia, NZ, China, Japan Get Low Grades on Fund Regulation, Tax

By Editors | 01/05/2020

Australia, New Zealand, China, Japan are among the nations that have received the lowest scores on tax settings and regulatory regimes for the managed funds industry, according to a new Morningstar study.

Climate Risk

BCBS Members Advancing Work on Climate-related Financial Risk

By Editors | 30/04/2020

An “overwhelmingly large share” of BCBS members have conducted research related to the measurement of climate-related financial risks.