ESG / SUSTAINABILITY

ESG / Sustainability

185 Countries Launch Global Biodiversity Framework Fund

By Editors | 25/08/2023

Canada and the UK are together providing about $160mn in seed money to set up the fund, which was first agreed in December 2022.

ESG / Sustainability

IGCC Devises Climate Resilience Strategy

By ESG Investor | 25/08/2023

Adaptation themes will be incorporated into IGCC’s workstreams to drive investment in climate resilience across Australia and New Zealand.

ESG / Sustainability

Singapore, Sri Lanka Forge Partnership to Develop Carbon Credit Agreement

By Ranamita Chakraborty | 24/08/2023

Under the agreement, Singapore’s carbon tax-liable companies can purchase carbon credits from eligible projects to offset up to 5 percent of their taxable emissions.

ESG / Sustainability

RBNZ Releases Results of Second Climate Risk Survey

By Sanday Chongo Kabange | 24/08/2023

Just over half of the entities have not yet undertaken climate-related scenario analysis, though all plan to do so in the next 12 months.

ESG / Sustainability

Demand for “Credible” Net Zero Targets Rising – SBTi

By ESG Investor | 22/08/2023

Asia saw the greatest proportional growth in companies setting science-based targets, led by Japan and strong growth in China.

ESG / Sustainability

New Zealand to Enhance ETS Market Governance Framework

By Mark Johnston | 22/08/2023

The government has agreed to two proposals to improve market governance for the New Zealand Emissions Trading Scheme.

ESG / Sustainability

BSP Signs UN-backed Principles for Responsible Investment

By Sanday Chongo Kabange | 22/08/2023

Becoming a PRI signatory will help the BSP enhance its integration of ESG factors in its investment process and decision-making.

ESG / Sustainability

Asian Banks Underestimating Physical Climate Risk – AIGCC

By ESG Investor | 22/08/2023

AIGCC and China Water Risk call on banks to review their stress testing approaches for sectors that are vulnerable to sea level rise.

ESG / Sustainability

Nature “Consistently Overlooked” by Financial Institutions – CDP

By ESG Investor | 22/08/2023

The majority of institutions “lack the necessary governance mechanisms and board-level expertise” to integrate nature-related issues across operations.