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

Reporting & Disclosures
Climate Disclosures and Financial Statements Should be Coherent: XRB
By Sanday Chongo Kabange | 23/11/2023
New Zealand’s XRB issued new guidance highlighting the need for coherence between financial statements and climate-related disclosures.

Conduct, Culture & Accountability
ASIC Announces Enforcement Priorities for 2024
By Editors | 23/11/2023
ASIC added new priorities targeting super funds and market integrity, and emphases a continued focus on greenwashing.

AI Risk & Governance
Regulators Must Keep Pace with Technology to Manage Systemic Risks
By Nithya Subramanian | 23/11/2023
With frauds and crimes getting sophisticated, institutions and regulators need to assume an increased level of responsibility, said Deborah Young.

Reporting & Disclosures
GRI, IFRS Tackle Sustainability Reporting Challenges with New Platform
By Ranamita Chakraborty | 21/11/2023
The Sustainability Innovation Lab in Singapore will support businesses in adapting to new reporting requirements, said GRI CEO Eelco van der Enden and ISSB Chair Emmanuel Faber.

Reporting & Disclosures
Australia to Restructure Regulatory Bodies for Financial Reporting
By Sanday Chongo Kabange | 21/11/2023
The three regulatory bodies that oversee financial reporting and set reporting standards will be combined into a single entity.

Reporting & Disclosures
MAS Launches Digital Platform to Streamline ESG Reporting
By Editors | 17/11/2023
The new platform will consolidate and synergise all of Project Greenprint’s existing utilities and help companies automate their ESG reporting process.

Reporting & Disclosures
UK FCA Finds Fault with Retail ESG Funds
By ESG Investor | 17/11/2023
The FCA reviewed the fund disclosures and approaches of 12 fund managers which offered active or passive retail funds with ESG or sustainability-related names.

Supervision & Enforcement
ASIC is Targeting Misconduct in Superannuation Sector
By Sanday Chongo Kabange | 16/11/2023
ASIC says it will take strong, targeted enforcement action in relation to “member services failures in the super sector”.

Stablecoins
MAS Allows Three Firms to Issue Stablecoins
By Nithya Subramanian | 16/11/2023
The central bank is piloting the live issuance of wholesale CBDCs to instantaneously settle payments across commercial banks.

Sustainable Finance
Experts Believe ESG Must Revert to Economic Model
By Ranamita Chakraborty | 16/11/2023
The ESG landscape needs orchestration and alignment with economic initiatives, discussed panellists at the Singapore FinTech Festival.
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