New guideline indicates that green finance initiatives will be given a greater weighting in financial institutions’ performance evaluations.
The issuance will help deepen market liquidity for green bonds, and attract green issuers, capital and investors to Singapore.
Comparative study will pave the way for the launch of a China-EU Shared Classification Catalogue for Green Finance later this year.
Financial Services Commission to draw up a climate risk management and oversight plan by March and develop a green taxonomy within H1.
Green Finance Industry Taskforce taxonomy draws on EU approach, proposes traffic-light system for classification of activities.
SFC chief Ashley Alder highlights steps taken to support sustainability at Asian Financial Forum, but notes "urgent need to do more".
Provincial authorities to set carbon emissions caps for first time; also charged with verifying greenhouse gas emissions reports.
Using TCFD recommendations will help avoid the risk of market fragmentation, the FSB says.
PBOC to enhance green finance standards, and explore introduction of mandatory reporting of environmental risks.
New platform to provide greater access, transparency on sustainable-themed products, supporting Hong Kong role as green finance hub.
Subscribe to our free weekly newsletter below and never miss a story.