Reporting & Disclosures

Cryptocurrency

FASB Opens Consultation on New Crypto Accounting Standard

By Editors | 23/03/2023

Fair value accounting will more accurately reflect the underlying economics of crypto assets and provide more decision-useful information.

Climate Risk

IASB to Explore How Financial Statements Could Better Reflect Climate Risks

By Editors | 23/03/2023

The IASB will ensure any proposals work well with the IFRS Sustainability Disclosure Standards due to be issued by the end of Q2 2023.

Reporting & Disclosures

Biden Blocks Anti-ESG Bill; Texas to Divest from HSBC

By Editors | 23/03/2023

HSBC was added to a list that will requires state governmental entities in Texas to divest from all of the bank’s publicly traded securities within 360 days.

Reporting & Disclosures

FCA: ESG Benchmarks Have Potential for “Widespread Failings”

By ESG Investor | 23/03/2023

Following a review of ESG benchmarks, the FCA warned that poor-quality disclosures about methodologies and thresholds could contribute to greenwashing.

Reporting & Disclosures

Malaysia to Launch Sustainability Reporting Platform in April

By Editors | 23/03/2023

UMW Corp and Maybank will be early adopters of the platform, which was developed by Bursa Malaysia in collaboration with LSEG.

Sustainable Finance

HKMA Chief Outlines Plans to Continue Developing Green Bond Market

By Sanday Chongo Kabange | 21/03/2023

At ASIFMA’s event on Friday, Eddie Yue said some future green bonds will be set aside for MPF funds, and that Hong Kong’s green bond programme will expand to cover sustainable bonds.

Reporting & Disclosures

ASEAN Regulators to Strengthen Collaboration with ISSB

By Editors | 21/03/2023

The ASEAN Capital Markets Forum will release v2 of the ASEAN Taxonomy and launch a Sustainable Finance Knowledge Hub this month.

Reporting & Disclosures

APAC Firms Targeting ESG Metrics in Exec Pay “Surge” – WTW

By ESG Investor | 21/03/2023

Public companies across APAC are increasingly integrating ESG metrics into their executive remuneration programmes, says investment consultancy firm WTW.

Reporting & Disclosures

Thailand Publishes First ESG Impact Assessment for Listed Firms

By Sanday Chongo Kabange | 18/03/2023

The SET says the new impact assessment seeks to inspire other listed firms to integrate ESG practices into their business operations.