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News Coverage on regulatory mandates, standards and challenges in ESG reporting and sustainability disclosures for financial and non-financial entities.
Sustainable Finance
China, EU Publish Common Sustainable Finance Taxonomy
By Manesh Samtani | 05/11/2021
The PBOC says the common taxonomy will help promote China-EU green investment and financing cooperation and cross-border activities, while reducing the cost of green certification.
Conduct, Culture & Accountability
Bank Compensation Practices More Advanced Than Other FIs: FSB
By Editors | 05/11/2021
The use of balanced scorecards based on KPIs in determining compensation is “critical” to promoting a sound risk culture in a firm, the FSB says.
Sustainable Finance
New Alliances Target Energy Infrastructure, Lower Emissions
By Mark Johnston | 05/11/2021
The GEAPP has committed $100bn to clean energy infrastructure. ADB announced a plan to finance early closures of coal plants in Indonesia and the Philippines.
Climate Risk
NGFS Members Reaffirm Commitment to Climate Action
By Editors | 05/11/2021
The “NGFS Glasgow Declaration” pledges central banks and supervisors to continue fostering action on climate change and greening the financial system.
Sustainable Finance
Tokyo Revises Global City Vision, Pivots To Green Finance
By Mark Johnston | 04/11/2021
Tokyo has launched version 2.0 of its global financial city ambitions, with green financing and fintech becoming central pillars of its revised strategy.
Climate Risk
Singapore Opens Local Chapter of WEF Climate Governance Initiative
By Darien Choong | 04/11/2021
The local chapter, called Climate Governance Singapore, will seek to raise board-level awareness and promote decision-making based on the impacts of climate change.
Climate Risk
Pace of Change Open to Question on COP26 Finance Day
By ESG Investor | 04/11/2021
Finance sector commitments are strongly in evidence, but NGOs and asset owners call for increased fossil fuel focus.
Reporting & Disclosures
ISSB Offers “Baseline” for Global Sustainability Reporting
By ESG Investor | 04/11/2021
The IFRS Foundation has officially launched its International Sustainability Standards Board and plans to issue a new climate disclosure standard next year.
Sustainable Finance
Emerging Markets Rapidly Progressing Sustainable Finance Frameworks
By Sanday Chongo Kabange | 03/11/2021
The Sustainable Banking and Finance Network says 32 member countries have launched national frameworks that set expectations for FIs to manage ESG risk.
Sustainable Finance
Regtech Can Boost Development of Green Finance Markets – Report
By Editors | 03/11/2021
Regulatory challenges are hindering widespread acceptance of green finance products, says a new paper from FTAHK and LITE Lab@HKU.
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