A new NGFS workstream being created will identify missing data items needed for effective climate-related and environmental risk analysis.
The Alliance has been established to increase funding channels for green projects and guide government policies and investment projects.
The action plan outlines a series of targeted measures and an implementation timetable to improve corporate governance at banks and insurers.
The initial focus areas of the partnership will include green bonds, the fintech ecosystem, e-KYC and cybersecurity, the SEC and UK government said.
APRA will prioritise the safety and soundness of regulated institutions, operational resilience and contingency planning for adverse events.
FTSE Russell, ISS ESG, MSCI and Sustainalytics have collaborated with TDCC to launch a new ESG Dashboard that provides consolidated access to ESG ratings.
The classification reflects securities firms’ governance structures, risk management capabilities, continuous compliance status, and business development status.
From 2024, all financial firms and listed companies with paid-in capital over $340mn will be required to have at least one-third of their boards made up of independent directors.
The action plan seeks to promote green and sustainable financial markets, improve ESG disclosures, and establish a classification standard for the financial industry.
The new indexes will allocate higher weightings to stocks with lower carbon emissions. MSCI is in talks on the creation of investment products based on the new indexes.
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