But further innovation, action needed even as major institutions outline net zero plans.
As governments, institutions and companies come to terms with understanding and tackling climate change, mandatory reporting of risks could well become the norm.
As Asia’s asset owners and managers get to grips with sustainability factors at varying speeds, regulators are pushing the pace of change.
The metrics were developed with Deloitte, EY, KPMG and PwC in an open consultation process with corporates, investors, standard-setters, NGOs and international organisations.
CFTC Commissioner Insists US Takes Climate Change Seriously
Bank’s Move to Support Liquidity as New Market Develops.
The Asia-Pacific region has an important role to play in addressing global ESG concerns, panelists at PRI’s APAC Digital Symposium opined.
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.
If approved by Parliament, the new comply-or-explain climate risk disclosure regime could come into effect in 2023 at the earliest.
A new IOSCO taskforce will work to identify commonalities across sustainability disclosure standards from across the world to develop principles-based guidelines.
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