Events listed in Sustainable Finance
The Commission adopts the European Sustainability Reporting Standards
ID 24491
The European Commission (EC) has adopted the Delegated Regulation on the first set of European Sustainability Reporting Standards (ESRS). It defines the ESRS that companies must use to prepare their sustainability statements in order to comply with the reporting requirements under the Corporate Sustainability Reporting Directive (CSRD). This first set of ESRS contains twelve separate standards providing a proportionate but comprehensive coverage of sector-agnostic, ...
New releases of Working Papers and Newsletter on the economic research of the Bank ...
ID 24473
The Bank of Italy has released six new Working Papers and the Newsletter on its economic research. Due to relevance we only report about the paper „Flight to climatic safety: local natural disasters and global portfolio flows”. This paper investigates how natural disasters impact the investment decisions of international investors. It emphasizes that weather-related natural disasters are increasing in frequency and intensity globally due ...
Enhanced Competency Framework on Green and Sustainable Finance (PDF File, 1.0 MB)
ID 24454
The Hong Kong Monetary Authority, HKMA, has issued a circular primarily addressed at authorized financial institutions as regards an „Enhanced Competency Framework on Green and Sustainable Finance (ECF-GSF)“. In this circular, the HKMA informs that the Authority itself, the Hong Kong Institute of Bankers (HKIB), and the banking industry have joined efforts to prepare aforementioned enhanced framework which aims to establish transparent and common ...
FSOC Staff Committee Releases Progress Report on Interagency Efforts on ...
ID 24449
The Climate-related Financial Risk Committee (CFRC) of the Financial Stability Oversight Council (FSOC) has published a first staff progress report which outlines ongoing activities, including regulatory ones, as regards the assessment, management, and disclosures of climate-related financial risks of both U.S. businesses and regulatory authorities. The staff progress report follows a first Report on Climate-Related Financial Risk in October 2021 which contained a number ...
UK and Singapore Enhance Cooperation in Sustainable Finance and FinTech
ID 24415
The Monetary Authority of Singapore (MAS) has published a press statement to inform of the 8th UK-Singapore Financial Dialogue which took place in London on July 26, 2023 and which was chaired by senior officials from both countries and involved representatives from financial regulatory authorities of either nation. The Dialogue entailed discussions between the United Kingdom and Singapore on collaborative projects in areas like ...
The EBA consults on draft templates and template guidance to prepare its one-off ...
ID 24301
EBA has initiated a public consultation on draft templates aimed at collecting climate-related data from EU banks. This endeavor is part of the Fit-for-55 climate risk scenario analysis, conducted in collaboration with other ESAs, the ECB, and the ESRB. The draft templates include guidelines for compiling data and definitions. The consultation period will extend until 11 October 2023. The templates are designed to gather ...
[ESMA22-1669215091-5374 ] SMSG advice to the ESA’s Joint Consultation Paper on ...
ID 24198
The SMSG provided advice to ESMA on the Joint Consultation Paper regarding the Review of SFDR Delegated Regulation on PAI and financial product disclosures. The SMSG expressed concerns about potential discrepancies arising from the draft Delegated Act on ESRS and called for alignment to limit reporting burden on investee companies. There were differing opinions on the inclusion of new social PAI indicators, with some ...
LCQ22: Formulating environmental, social and governance standards
ID 24195
During a session of the Legislative Council on July 12, 2023, Mr. Christopher Hui, Secretary for Financial Services and the Treasury (FS), provided answers to a number of questions raised by Parliament members in connection with ESG (disclosure) standards in Hong Kong. These questions primarily related to the establishment, promotion, and education of or on Hong Kong ESG standards and specifically seek to inquire ...
[ESMA34-45-1580 ] Sustainable Finance – implementation timeline
ID 24181
ESMA has published an updated graphic providing – in form of a timeline – an overview of regulations pertaining to sustainable finance that came into force since the beginning of 2021 or will come into force in the coming years. The regulations all require certain disclosures on sustainability, thereby ranging from disclosures of KPIs under the TR, to disclosures of PAIs under the SFDR. ...
BAI Comments on draft ESRS Delegated Act
ID 24161
Der BAI veröffentlicht eine Stellungnahme zum Entwurf der delegierten Verordnung ESRS, die am 9. Juni 2023 von der EU-Kommission veröffentlicht wurde (bitte EventID #21472 beachten). Der BAI unterstützt die Ziele der Sustainable Finance Initiative der EU, allerdings wurden bereits in früheren Stellungnahmen Bedenken hinsichtlich der Reihenfolge der verschiedenen EU-Regelungen und Richtlinien geäußert. Für Risikomanagement und Investitionsentscheidungen sind verfügbare, zuverl ...