Author: Tina Zhang

19 May BRICS Nations Issues a Joint Statement on Tackling Climate Change

Posted at 12:17 by Tina Zhang

The BRICS countries released a joint statement on May 13 during the virtual BRICS High-level Meeting on Climate Change, as reported by Xinhua on May 14. The meeting was chaired by Huang Runqiu, Minister of China’s Ministry of Ecology and Environment (MEE), and attended by...

19 May Tata Power Work with Hyundai Motor to Facilitate India’s EV Charging Stations

Posted at 12:00 by Tina Zhang

Tata Power [TPWR:IN], India’s largest power generation company, has signed a memorandum of understanding (MoU) with Hyundai Motor’s [005380:KS] local arm Hyundai Motor India Limited (HMIL) on May 17, as reported by the Economic Times on the same day. The MoU establishes that the two parties will...

12 May INSIGHTS | Get Ready for EU’s Corporate Sustainability Reporting Directive (CSRD)

Posted at 16:40 by Tina Zhang

On April 21, 2021, the European Commission adopted the Corporate Sustainability Reporting Directive (CSRD) proposal, which would amend the existing requirements of the Non-Financial Reporting Directive (NFRD). The CSRD envisages the adoption of the European Sustainability Reporting Standards (ESRS). It identifies the European Financial Reporting...

14 Apr INSIGHTS | EU’s Two Big Moves to Improve SFDR Standards

Posted at 15:09 by Tina Zhang

The European Union (EU) has entered the second year of implementing the Sustainable Finance Disclosure Regulation (SFDR), a part of a legislative package on sustainable finance. The measures also include the Regulation (EU) 2020/852 (Taxonomy Regulation, hereinafter referred to as “TR”). In order to provide...

31 Mar INSIGHTS | How China is Leveraging Blue Carbon for a Net-Zero Future [Part.2]

Posted at 10:29 by Tina Zhang

Part I of this article has introduced the concept of “blue carbon”, its application in China, and China’s policy rollout that enabled the establishment of the international carbon trading center (the Center) in Hainan. This part is going to discuss international blue carbon trading regulations...

24 Mar INSIGHTS | How China is Leveraging Blue Carbon for a Net-Zero Future [Part.1]

Posted at 16:52 by Tina Zhang

According to the officials of the Hainan provincial government, the Hainan International Carbon Emission Trading Center (the Hainan Center) has been approved to set up in the Free Trade Port in Sanya. The Center is scheduled to start operation in 2H22 and will provide a...

03 Mar INSIGHTS | Shanghai Stock Exchange Releases its Low-Carbon Action Plan during the 14th FYP

Posted at 17:43 by Tina Zhang

On March 1, the Shanghai Stock Exchange published an official document titled the Programme of Action on Carbon Neutrality and Action during the "14th Five-Year Plan" (the Programme of Action). To align with China’s “30-60” Decarbonization Goals, the Programme of Action proposed six main initiatives...

10 Feb Overview of SFDR Updates: Regulatory Technical Standards

Posted at 17:40 by Tina Zhang

The European Union’s Sustainable Finance Disclosure Regulation (SFDR) is established to facilitate ESG (Environment, Social, Governance) investing as it has become the mainstream of the world of finance and investing. According to Bloomberg’s analysis, the global sustainable financial assets under management (AUM) reached USD37.8tr by...

09 Dec New SBTi Guidance for Private Equity Firm to Approach to Net-zero

Posted at 17:29 by Tina Zhang

Development of SBTi in the Financial Sector The Science Based Targets initiative (SBTi) regards the financial sector as a crucial part in promoting the global decarbonatization and green economy transition. Through lending and investing, they have the power to reallocate resources to sustainable solutions and the...

17 Nov China, US Release a Declaration to Jointly Tackle Climate Change

Posted at 15:15 by Tina Zhang

China and the US announced the US-China Joint Glasgow Declaration on Enhancing Climate Action in the 2020s on November 10 at the COP26 climate summit in Glasgow, as reported by Reuters on the same day. Following the official announcement, the two countries planned to establish...

17 Nov Beijing-Shanghai High Speed Railway Releases First ESG Report

Posted at 14:51 by Tina Zhang

Beijing-Shanghai High Speed Railway [601816:CH] published its first ESG report for FY20 on November 15, as reported by XinhuaNet on the same day. It is the first time for the company to disclose its ESG policies and performances, strictly following the nationally-recognized standards and the...

11 Nov New SBTi Standard: Action Guidance for Corporates to Net-Zero

Posted at 16:19 by Tina Zhang

The Science Based Targets initiative (SBTi) launched its Net-Zero Standard for Corporates on October 28, right ahead of the UN COP26 climate conference commencing in Glasgow, the UK. The SBTi Standard is the first global certificate for corporates with net-zero targets and ambitions to establish...

04 Nov India Starts a New Green Grids Initiative with UK at COP26

Posted at 15:30 by Tina Zhang

India and the UK announced bilateral cooperation to enhance their International Solar Alliance (ISA) partnership by launching a new green grids initiative at the COP26 climate conference in Glasgow on November 2, according to the Economic Times on the same day. This initiative is the...

02 Nov China Submits Renewed NDCs to Lower over 65% Carbon Intensity

Posted at 17:57 by Tina Zhang

China submitted its renewed nationally determined contributions (NDCs) and long-term emission control strategies to the United Nations (UN) on October 28, according to Caixin on the same day. According to China’s updated NDCs, China committed to achieving carbon neutrality by 2060, in addition to the...