The UK Government recently published its new Green Finance Strategy, outlining its goal to become the world’s first net-zero financial centre. The strategy includes updates on greenhouse gas reporting, net-zero transition plans and associated disclosures, and the expected implementation of the International Sustainability Standards Board (ISSB) standards.
The three European Supervisory Authorities (ESAs) – the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA) – have issued a joint supervisory statement clarifying key aspects of Sustainable Finance Disclosure Regulation (SFDR) disclosures.
In case you missed it, the EU Taxonomy is undergoing an important transformation.
The European Supervisory Authorities – comprising the European Banking Authority, the European Securities and Markets Authority and the European Insurance and Occupational Pensions Authority – recently updated their joint supervisory statement on the application of the Sustainable Finance Disclosure Regulation (SFDR).
The European Commission has announced, in a letter to the European Parliament and the Council of the EU, that implementation of the second stage of the Sustainable Finance Disclosure Regulation (SFDR) will be pushed back to 1 January 2023.
The Monetary Authority of Singapore (MAS) has announced that it will pilot four interoperable digital platforms to address the financial sector’s need for good data on sustainability.
Europe is setting new rules on disclosures on financial products that seek to make sustainable investments, contributing to environmental objectives.
François Villeroy de Galhau, Governor of the Banque de France, spoke recently at the International Conference on Statistics for Sustainable Finance, emphasising the need for good data.
Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), gave a keynote speech on ‘What we need to do to make green finance work,’ at the Financial Times Investing for Good Asia digital conference on 8 September.
Dr. Sabine Mauderer, Member of the Executive Board of the Deutsche Bundesbank, recently gave a speech on the role central banks, policymakers and standardisation have to play in scaling up green finance. Mauderer discussed the work of the Central Banks and Supervisors Network on Greening the Financial System (NGFS). The NGFS’s key message is that […]