CSR strategy – ESG reporting and transparency Tag

20 Apr INSIGHTS | Climate Takes the Center Stage: ISSB’s move to prioritize climate-related disclosures for a sustainable future.

Posted at 11:06 by Alexander Olding

The latest announcements by the International Sustainability Standards Board (ISSB) lay out proposals for climate-related disclosure standards as well as a proposed general standard for sustainability-related financial Information. The ISSB Is an independent, private-sector body that develops and approves International Financial Reporting Standards (IFRS) which oversees...

02 Feb UK to Enhance Supervision of ESG Reporting in Company Audits

Posted at 10:58 by Jordy Leo

UK’s accounting regulator, the Financial Reporting Council (FRC), will monitor whether auditors are making spot checks on their compliance with environmental, social, and governance (ESG) reporting requirements in company audits, as reported by Reuters on January 30. On the same day, the FRC updated its...

05 Jan IFRS Foundation to Open Beijing Office

Posted at 14:10 by Jordy Leo

The International Financial Reporting Standards (IFRS) Foundation trustees signed a Memorandum of Understanding (MoU) with the Ministry of Finance (MoF) of China to establish an IFRS Foundation office in Beijing, as reported by ESG Today on December 30. The office, set to open in mid-2023,...

15 Dec Australia Mulls Mandatory Climate Disclosure Rules for Large Entities

Posted at 12:44 by Jordy Leo

The Australian government released a consultation paper on the development of a climate risk disclosure framework for businesses and financial institutions, with plans to make the reporting rules mandatory for large entities, as reported by ESG Today on December 12. The consultation paper covers the...

08 Dec INSIGHTS | Get Ready for EU’s Corporate Sustainability Reporting Directive (CSRD)

Posted at 15:07 by Tina Zhang

The Council of the European Union (EU) formally passed the Corporate Sustainability Reporting Directive (CSRD) on November 28, following recent approval by the European Parliament in early November. The Directive is expected to be published in the Official Journal of the EU in the first...

17 Nov INSIGHTS | Carbon Offsets for Net-Zero: How to Do It Right?

Posted at 16:30 by Helena Zhu

Carbon offsets are essentially investments in greenhouse gas-reducing projects. When individuals and organizations purchase carbon offsets, funds in these transactions are funneled towards environmental and social projects with decarbonization benefits, such as the conservation of natural habitats, reforestation, and clean cooking fuels for rural communities....

17 Nov European Financial Watchdogs to Collect Greenwashing Examples for Better Understanding

Posted at 16:21 by Jordy Leo

The three European Supervisory Authorities (ESAs), namely the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), and European Securities and Markets Authority (ESMA), published a Call for Evidence on greenwashing to better understand the conduct, as reported by Reuters on November 15....

02 Nov Australia’s Corporate Watchdog Issues First Fine for Greenwashing

Posted at 17:10 by Jordy Leo

The Australian Securities and Investments Commission (ASIC), Australia’s corporate watchdog, fined Tlou Energy [TLOU:LN] USD53,280 for greenwashing, or exaggerated claims about environmentally friendly initiatives, as reported by Reuters on October 27. This was the first time the regulator took action to punish greenwashing. Specifically, Tlou...

13 Oct G20 Watchdogs Request Climate Standard Setters to Avoid Inconsistent Disclosures

Posted at 13:57 by Jordy Leo

The G20’s Financial Stability Board (FSB) has called on climate standard setters to speed up work so as to avoid differences between their finalized climate disclosure rules for companies, which could cause the fragmentation of markets, as reported by Reuters on October 11. According to...

18 Aug Samsung Electronics to Join RE100 Initiative After Lee Jae-Yong Back in Charge

Posted at 12:05 by Jordy Leo

Samsung Electronics [005930:KS], the world's top smartphone and chip maker, will soon join the RE100 Initiative, a global eco-friendly organization whose members commit to shifting to 100% renewable energy by as early as 2025, as reported by the Korea Economic Daily on August 14. According...

02 Aug Singapore Sets New Disclosure Rules on ESG Funds to Combat Greenwashing

Posted at 17:04 by Jordy Leo

The Monetary Authority of Singapore (MAS) has issued new disclosure and reporting guidelines for fund managers to follow when they sell funds with environmental, social, and governance (ESG) labels to private investors in Singapore, as reported by Strait Times on July 28. With the new...

28 Jul Shenzhen Stock Exchange Launches ESG Rating Methodology and ESG Index

Posted at 14:03 by Jordy Leo

Shenzhen Securities Information, affiliated with the Shenzhen Stock Exchange (SZSE), launched the CNI ESG Ratings Methodology along with a set of ESG indices, as reported by People.cn on July 26. Among the three pillars of environment, society, and corporate governance (ESG), the rating methodology sets...

21 Jul INSIGHTS | ESG Disclosure for Taiwan-listed Companies

Posted at 15:13 by Helena Zhu

Environmental, social, and corporate governance (ESG) issues are undeniably becoming key components of disclosure for corporates and financial institutes around the world. In Asia, a flurry of ESG-related disclosure rules has hit the market in recent years, driving companies to issue sustainability reports and communicate...

21 Jul China’s Central Bank Fines Didi’s Digital Payments Unit

Posted at 14:23 by Jordy Leo

China’s Central Bank, the People’s Bank of China (PBoC), has imposed a RMB4.27m (USD632,170) fine on the digital payment arm of ride-hailing platform Didi Chuxing for a series of violations, as reported by Reuters on July 15. The company was involved in 12 illegal activities...