ESG / SUSTAINABILITY

AML / KYC

China, US Exchange Letters of Cooperation on Financial Stability

By Editors | 20/08/2024

PBOC and US Treasury officials agreed to strengthen information sharing and coordinate in times of financial stress and operational resilience issues.

ESG / Sustainability

Major Banks Off-track on Climate: World Resources Institute

By ESG Investor | 19/08/2024

16 of 25 banks assessed have committed to coal financing phase-out by 2040 or earlier, but they are not all taking the necessary steps to get there.

ESG / Sustainability

BSP Calls on Lenders to Do More to Support Climate Action

By Sanday Chongo Kabange | 19/08/2024

The BSP said green finance “has yet to fully take off” and that lenders need to do more to support climate action efforts of enterprises and households.

Securities / Derivatives

GIFT City to Commence Sovereign Green Bond Trading “Very Soon”

By Ajoy K Das | 16/08/2024

RBI governor said sovereign green bond trading will be operationalised in GIFT City “very soon”, likely in the second half of the current fiscal year.

ESG / Sustainability

SFIA Collaborates with STACS ESGpedia on Regional ESG Reporting

By Ranamita Chakraborty | 15/08/2024

SFIA appointed STACS ESGpedia as the official technology partner for the SAFE initiative, enhancing tools for corporates in ESG reporting.

Big Picture

Mekong Club Calls on FIs to Bolster Efforts Against Modern Slavery

By Nithya Subramanian | 13/08/2024

Mekong Club published a new report offering recommendations, typologies and indicators to help FIs address modern slavery risks.

ESG / Sustainability

Thailand Launches New “Financing the Transition Project”

By Ranamita Chakraborty | 13/08/2024

Under the BOT initiative, banks will provide favourable loans to SMEs to support their transition to environmentally sustainable practices.

ESG / Sustainability

ICVCM Rejects Eight Methodologies in Latest CCP Assessment

By Ranamita Chakraborty | 13/08/2024

Eight renewable energy methodologies, representing 32% of the carbon credit market, fail to meet Core Carbon Principles requirements.

ESG / Sustainability

PBOC to Extend Decarbonisation Loan Support Until End 2027

By Editors | 12/08/2024

Under the programme, launched in 2021, FIs are asked to provide low-interest loans to companies and projects in clean energy, supported by central bank funding.