The Asia-Pacific region has an important role to play in addressing global ESG concerns, panelists at PRI’s APAC Digital Symposium opined.
Top financial institutions and investors increasingly channelling funds due to potential to reduce emissions.
Asset managers face rising expectations from asset owners, a panel session at the Principles of Responsible Investment’s APAC Digital Symposium has revealed.
This month, 12 financial institutions will commence a pilot to implement a principles-based taxonomy for classifying climate risk, one of a number of initiatives to build climate resilience.
The IFRS Foundation is proposed as the body that is “optimally positioned” to lead and coordinate the creation of a new sustainability standards board.
A new IOSCO taskforce will work to identify commonalities across sustainability disclosure standards from across the world to develop principles-based guidelines.
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.
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.
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