ESG / SUSTAINABILITY

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    Enforcement

    Australian Court Orders Vanguard to Pay Record Greenwashing Fine

    By Sanday Chongo Kabange | 25/09/2024

    The court ordered Vanguard to pay A$12.9mn for making false or misleading representations about its ESG exclusionary screens.

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    ESG / Sustainability

    RIAA Launches Investor Toolkit on Nature-related Risks

    By ESG Investor | 25/09/2024

    The Nature Investor Toolkit, supported by ISS ESG and Pollination, aimes to help investors identify and assess nature-related risks and opportunities.

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    ESG / Sustainability

    New Zealand FMA Calls for Better Ethical Investment Disclosures

    By Thisanka Siripala | 23/09/2024

    The FMA will take regulatory action if fund managers make misleading claims about the ethical or environmental impacts of investment products.

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    ESG / Sustainability

    Japan to Loosen Rules on Bank Investment in Green Projects

    By Thisanka Siripala | 23/09/2024

    Proposed draft legislation will ease restrictions on bank investments in Green Transformation (GX) related companies.

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    ESG / Sustainability

    SGX RegCo Mandates ISSB Aligned Climate Disclosures by 2025

    By Nithya Subramanian | 23/09/2024

    All listed companies will have to report Scope 1 and 2 emissions and incorporate the ISSB’s climate-related disclosure standards.

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    ESG / Sustainability

    CFTC Finalises Guidance for Listing Carbon Credit Derivatives

    By Editors | 23/09/2024

    The CFTC said the guidance will help to promote standardisation of VCC derivative products in a manner that “promotes transparency and liquidity”.

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    ESG / Sustainability

    ASIC Urges Businesses to Prepare for Climate Disclosure Regime

    By Thisanka Siripala | 23/09/2024

    ASIC will take a “proportional and pragmatic approach to supervision and enforcement” as the industry adjusts to the new requirements.

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    ESG / Sustainability

    SBTi Net Zero Standard to Boost Banks’ Transition

    By ESG Investor | 20/09/2024

    New framework will increase expectations on deforestation and fossil fuels while raising climate-related ambition of financial institutions.

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    ESG / Sustainability

    HKICPA Consults on Exposure Drafts to Adopt ISSB Standards

    By Manesh Samtani | 19/09/2024

    The exposure drafts are open for consultation until 27 October. The standards will be finalised by end 2024 and take effect on 1 August 2025.

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    ESG / Sustainability

    US SEC Has Disbanded Enforcement Division’s ESG Task Force

    By Nithya Subramanian | 18/09/2024

    The SEC shut down the task force following increasing anti-ESG backlash from companies, investors, state officials and courts.

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