TCFD - Page 4 of 8 - Regulation Asia

Group of Five Releases Climate-Related Financial Disclosure Prototype

The proposed standard for sustainability-related financial disclosures builds on TCFD pillars and supports the IFRS consultation on non-financial reporting.

December 22, 2020

501

Feature

Hong Kong Launches Strategic Plan for Greener Financial Ecosystem

A cross-agency steering group has announced a green and sustainable finance strategy for Hong Kong and five key action points.

December 18, 2020

259

International

CDSB and GRI Back IFRS on Sustainability Reporting

The independent sustainability standards organisations call for increased cohesion between sustainability and financial reporting.

December 17, 2020

611

Feature

SGX Launches New Sustainability Platform, Plans New ESG Products

SGX is bringing third-party ESG ratings to Singapore listed companies and will introduce new ESG-focused investment and risk management products.

December 16, 2020

348

Feature

Asset Managers, Insurers Must Embed Environmental Risk: MAS

Guidelines due to take effect in 18 months call for increased engagement with stakeholders, stress testing and risk disclosures.

December 10, 2020

1.9K

Feature

MAS Finalises Environmental Risk Management Guidelines for Banks

MAS has extended the transition period from 12 months to 18 months, and says it will start engaging key banks on their implementation progress from Q2 2021.

December 9, 2020

343

Big Picture

“Swift Action” Needed to Implement Carbon Pricing: GFMA

An estimated $100 to $150 trillion of climate-related investment will be required over the next three decades to transition to a low carbon economy, says a report from GFMA and BCG.

December 6, 2020

496

Australia & NZ

Australia Gets New 10-Year Roadmap on Sustainable Finance

The roadmap makes 37 recommendations, including a 2023 deadline for financial institutions and major listed companies to report according to the TCFD framework.

December 4, 2020