Tag: climate
Is there enough ESG transparency and accountability within finance?
The past few years have seen a lot of progress towards Environment, Social and Governance (ESG) practices. Countless banks and financial services have proudly highlighted their efforts in the space and outlined how they are trying to achieve greater sustainability. However, questions remain about whether there is enough transparency and accountability to ensure that real progress is being made.
EU adopts new verification requirements to combat greenwashing
The European Union (EU) has revealed new standards that are designed to combat greenwashing by adopting new rules aimed at ensuring the accuracy of environmental marketing claims made by companies.
ECB unveils crucial climate risk strategies for EU financial system
The ECB and the European Systemic Risk Board (ESRB) have released a report on the impact of climate on the EU's financial system.
Gensler highlights climate reporting challenges for US firms under EU directives
Gary Gensler, the US SEC chair, has issued a warning about the implications for thousands of US firms in the absence of domestic climate reporting rules.
EY Climate Risk Barometer reveals climate goals and achievements gap
The fifth EY Climate Risk Barometer has recently highlighted a significant trend in corporate climate reporting.
MAS encourages engagement over divestment in net zero transition
The Monetary Authority of Singapore (MAS) has issued consultation papers outlining guidelines for net zero transition planning for FIs.
Balancing Profits and Purpose: The Rise of ESG Proxy Voting
ESG proxy voting is rapidly emerging as a tool that shareholders are using to find a balance between profit maximisation and social impact. With environmental, social and governance (ESG) concerns in the limelight, the traditional boardroom proxy vote, once a mere formality, is now a powerful instrument for change.
Peter Carter takes helm of WTW’s revamped climate practice division
In a significant shift, WTW has announced the appointment of Peter Carter as the leader for its revamped climate practice.
Australian firms’ climate transition plans deemed inadequate by major investors
Three influential investor networks have criticised the current climate transition plans disclosed by Australian companies, branding them as "incomplete" or "inadequate" for investor needs.
Hong Kong joins GFANZ’s APAC Network in global climate transition drive
The GFANZ has recently made significant strides into Asia with its most newest member: the Hong Kong Chapter.