ESG / SUSTAINABILITY

ESG / Sustainability

BNM Finalises New Requirements on Climate Risk Management

By Sanday Chongo Kabange | 05/12/2022

Governance, strategy, risk appetite and risk management requirements take effect on 31 Dec 2023; and scenario analysis and disclosure requirements one year later.

AML / KYC

Swimming in Dirty Money: It’s Time to Dive Below the Surface

By Tom Keatinge | 05/12/2022

The failure to address the illicit finance in illegal, unreported and unregulated fishing is a glaring omission, says RUSI’s Tom Keatinge.

ESG / Sustainability

Florida to Divest $2bn from BlackRock Over ESG Objections

By Editors | 05/12/2022

Florida CFO Jimmy Patronis describes BlackRock’s ESG strategy as a “social-engineering project” that has “nothing to do with maximizing returns”.

ESG / Sustainability

The Legal and Regulatory Risks of ESG “Greenwashing” in Hong Kong

By Stephanie Tsui | 02/12/2022

Stephanie Tsui and Mark Lin at Hogan Lovells discuss the legal framework and tools available in Hong Kong to combat greenwashing behaviour.

ESG / Sustainability

ASIC Fines Vanguard Australia for ‘Greenwashing’ in Funds

By Editors | 02/12/2022

Vanguard’s exclusion was meant to prevent investment in companies that sell tobacco products, but its screen only excluded manufacturers and not sellers.

Crypto / Digital Assets

MAS Grants MetaComp Licence to Offer DPT Services in Singapore

By Editors | 01/12/2022

MetaComp, a unit of MetaVerse Green Exchange, is now able to offer regulated digital payment token services in Singapore.

Securities / Derivatives

SOEs Undermine Credibility of China Green Finance Market

By Christina Ng | 01/12/2022

The IEEFA’s Christina Ng says China’s state-owned enterprises continue to allocate up to half of their green bond proceeds to non-green projects.

ESG / Sustainability

APRA Unveils Results of Big Bank Climate Vulnerability Assessments

By Editors | 01/12/2022

The CVA results suggest that climate risk impacts and bank loan losses are likely to be concentrated in specific regions and industries.

ESG / Sustainability

Climate Disclosures to be Mandatory for Taiwan FIs in 2024

By Editors | 30/11/2022

FIs will have to disclose climate-related information in annual reports and public offering documents for securities issuance.