ESG / SUSTAINABILITY

ESG / Sustainability

New Zealand Passes Climate Reporting Legislation in World First

By Sanday Chongo Kabange | 24/10/2021

Mandatory climate disclosures will be required from early 2024, for annual reporting periods that start on or after 1 January 2023.

Big Picture

Asian Asset Owners to Accelerate ESG Ambitions

By ESG Investor | 24/10/2021

ESG investing is still nascent, but asset owners are expecting greater pressure to disclose and improve ESG practices.

ESG / Sustainability

UPDATED – Chinese Banks Declare Support for Biodiversity Protection

By Editors | 21/10/2021

36 Chinese banking and financial institutions, 24 foreign banks and international organisations have jointly signed a biodiversity protection declaration.

Capital / Liquidity

Too Soon to Base Capital Requirements on Climate Scenarios

By ESG Investor | 21/10/2021

NGFS members do not yet envisage calibrating prudential policies such as capital requirements on the basis of climate scenario exercises.

ESG / Sustainability

PBOC Set to Launch Credit Tools to Support Emissions Reduction

By Darien Choong | 21/10/2021

FIs will be able to lend to qualified companies to back emissions reduction projects and apply to the central bank for funding support.

ESG / Sustainability

Transition Guidance is “Fundamentally Important”, says FSA’s Ikeda

By ESG Investor | 19/10/2021

The FSA’s Satoshi Ikeda said the regulator is “eagerly pushing” for measures to enable more dynamic investing in low-carbon and zero-carbon technologies.

ESG / Sustainability

RBA Warns of Divestment Risk Amid Climate Change Threat

By Sanday Chongo Kabange | 19/10/2021

While there are currently only isolated examples of divestment from Australia because of climate risk, the likelihood of more significant divestment is increasing.

ESG / Sustainability

TCFD Updates Guidance, Outlines Path for Future Reporting

By ESG Investor | 14/10/2021

Adoption of reporting framework bolstered by regulation and national commitments to mitigating climate risk, says status report.

ESG / Sustainability

Japan to Consider Removal of Quarterly Reporting Requirement

By Editors | 13/10/2021

While some argue quarterly reporting helps investors make more informed judgments, regulators worry it incentivises short term profit seeking behaviour.