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MAS publishes Code of Conduct for ESG Rating and Data Product Providers

The voluntary code aims to enhance transparency and improve comparability and reliability of ESG data and scores. The Monetary Authority of Singapore (MAS) has published a Code of Conduct for Providers of Environmental,...more

Corporate Due Diligence Rules Agreed by European Council and European Parliament

The new rules would oblige companies to integrate their human rights and environmental impact into their management systems. On December 14, 2023, the European Council (Council) and European Parliament (Parliament)...more

European Commission Launches Consultation on Sustainable Finance Disclosure Regulation

The EU regulators are reviewing the Sustainable Finance Disclosure Regulation introduced in 2021, exploring the need for potential additional adjustments. On 14 September 2023, the European Commission initiated a...more

Singapore: MAS Proposes Guidelines for Financial Institutions to Support Financing for Decarbonisation

The forthcoming guidelines will set supervisory expectations to steer financial institutions’ transition planning processes to facilitate decarbonisation efforts by their clients. On 8 June 2023, the Monetary Authority...more

UK Announces Updates to Green Finance Strategy

The government published a new document outlining its existing and proposed objectives to develop the UK’s sustainable economy. On 30 March 2023, the UK government published an updated version of its Green Finance...more

Singapore’s Green Finance Industry Taskforce Launches Final Consultation on Green and Transition Taxonomy

The consultation seeks feedback on its “measures-based approach” to classifying industrial activities, as well as “Do No Significant Harm” criteria. The Green Finance Industry Taskforce (GFIT) was convened by the...more

GFANZ Issues Guidance on Net Zero Plans for Financial Institutions

The Final Report recommends five themes that financial institutions should incorporate into their net zero transition strategies. On 1 November 2022, the Glasgow Financial Alliance for Net Zero (GFANZ) issued its Final...more

European Parliament Adopts Position on Deforestation Regulation

The adopted position would mean that financial institutions fall under the remit of the regulation, requiring them to conduct additional due diligence on both established and new customers. On 13 September 2022, the...more

UK Launches Taskforce to Take the Lead in Climate Transition Plans

HM Treasury’s Transition Plan Taskforce aims to influence international standard setting and make the UK the world’s first net zero-aligned financial centre. On 25 April 2022, HM Treasury (HMT) announced the launch of...more

Science Based Targets Initiative Sets 2022 Action Plan

Market participants can expect the initiative’s proposals to offer guidance on setting targets for emissions reduction and decarbonisation. On 12 January 2021, the Science Based Targets initiative (SBTi) published its...more

UK Independent Anti-Slavery Commissioner Publishes Recommendations for the Financial Industry

The report’s recommendations cover a number of areas, including culture and strategy, monitoring and reporting, investor engagement, policy formation and employee training, and philanthropy. A new report from the UK...more

Equator Principles Transition: How EP4 Will Impact Projects in High-Income Countries

The transition from EP3 to EP4 has the potential to significantly impact new projects and expansions of existing projects financed by EPFIs in the United States and other high-income Designated Countries - The Equator...more

Equator Principles Update: EP4 and Projects in High-Income Countries

The transition from EP3 to EP4, now postponed to October 1, 2020, will significantly impact projects in the United States and other high-income Designated Countries. The Equator Principles (EPs) were recently updated and...more

UK Launches Taskforce to Encourage Growth of Green Finance

The UK government has announced that it is bringing together a new taskforce led by senior financiers in order to encourage the growth of “green finance”. The taskforce, which will be chaired by Sir Roger Gifford, former lord...more

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