ESG / SUSTAINABILITY

ESG / Sustainability

ISSB Consults on Proposed Taxonomy for IFRS Sustainability Standards

By Ranamita Chakraborty | 28/07/2023

The board intends to release the final digital taxonomy in early 2024, considering the feedback they receive.

ESG / Sustainability

Climate-related Litigation More Than Doubles in Five Years

By Editors | 27/07/2023

Approximately 2,180 climate-related lawsuits were filed in 2022, compared to just 884 cases recorded in 2017.

ESG / Sustainability

RBI to Issue Guidance on Climate-related Credit Risks for Banks

By Mark Johnston | 26/07/2023

The RBI is also working on a disclosure framework for climate-related financial risks and guidance on climate scenario analysis.

ESG / Sustainability

Malaysia Proposes Simplified ESG Disclosure Guide

By Ranamita Chakraborty | 26/07/2023

A proposed simplified ESG disclosure guide set to be launched in November this year will align with major global frameworks and reporting standards, including the GRI and ISSB.

Enforcement

ASIC Lodges Court Action Against Vanguard for Alleged Greenwashing

By Editors | 26/07/2023

ASIC said Vanguard falsely claimed the index it used excluded issuers with significant business activities involving fossil fuels.

ESG / Sustainability

IOSCO Announces Formal Endorsement of ISSB Standards

By Manesh Samtani | 25/07/2023

IOSCO is now calling on regulators around the world to consider adopting the ISSB standards in their local jurisdictions.

ESG / Sustainability

IFRS Publishes Comparative Analysis of IFRS S2 and TCFD

By Editors | 25/07/2023

The comparative analysis highlights that the requirements outlined in IFRS S2 are consistent with the TCFD recommendations.

Capital / Liquidity

EBA Initiates Consultation on Climate Risk Data Collection

By Editors | 24/07/2023

EBA initiates climate data consultation with EU banks for Fit-for-55 climate risk analysis in collaboration with ESAs, ECB, and ESRB.

ESG / Sustainability

Korea NPS in Legal Battle Over Silence on Coal Phase-out

By ESG Investor | 24/07/2023

South Korea’s National Pension Scheme continued financing of coal despite promise to exit sees campaigners seek redress in court.