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News Coverage on regulatory mandates, standards and challenges in ESG reporting and sustainability disclosures for financial and non-financial entities.

Climate Risk
NGFS Publishes First Report Focusing on Adaptation Finance
By Thisanka Siripala | 15/11/2024
The NGFS concurrently released a Synthesis Report on the Greening of the Financial System, seeking to provide a holistic and up-to-date view on the state of climate finance.

Sustainable Finance
EU-China CGT Expanded to Include Singapore-Asia Taxonomy
By Nithya Subramanian | 15/11/2024
The Multi-Jurisdiction Common Ground Taxonomy establishes a comparative framework of the sustainable finance taxonomies of China, the EU and Singapore.

Sustainable Finance
MAS and Industry Partner to Launch Online Philanthropy Platform
By Nithya Subramanian | 15/11/2024
The online platform will provide tools and resources to enable finance professionals to enhance their philanthropy advisory services.

Reporting & Disclosures
IOSCO Publishes Report on Transition Plans Disclosures
By ESG Investor | 15/11/2024
The report explores how transition plan disclosures can support investor protection and market integrity, and identifies actions for securities regulators.

Reporting & Disclosures
Malaysia Launches Updated Competency Framework for Sustainability Practitioners
By Nithya Subramanian | 15/11/2024
This updated framework strengthens ESG skills by incorporating new competencies aligned with the latest reporting standards, including TNFD and IFRS S1 and S2.

Sustainable Finance
COP29 Countries Approve Global Carbon Market Framework
By Mark Johnston | 15/11/2024
Countries at COP29 have endorsed a global carbon market framework which forms the basis for operationalising Article 6.4 of the Paris Agreement.

Reporting & Disclosures
IAASB Releases Final Sustainability Assurance Standard, ISSA 5000
By Manesh Samtani | 14/11/2024
IOSCO declared its support for ISSA 5000. IAASB Chair Tom Seidenstein called on policymakers and practitioners to start adopting the standard.

Reporting & Disclosures
BSP Issues Adoption Guidance for Sustainable Finance Taxonomy
By Sanday Chongo Kabange | 14/11/2024
The guidelines help banks assess whether economic activities contribute to SFTG environmental objectives and meet the DNSH and other criteria.

Reporting & Disclosures
More Progress Needed to Achieve Consistent Climate Disclosures
By Editors | 14/11/2024
Progress reports from the FSB and IFRS Foundation show that significant progress has been made, but more is needed.

Reporting & Disclosures
New Zealand XRB Adopts Proposals to Ease Climate Reporting Burden
By Manesh Samtani | 13/11/2024
One of the approved amendments will allow an optional one-year delay for assurance of scope 3 GHG emissions disclosures, in recognition of current data challenges.
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