ESG products includes funds, bonds and structure products
The Financial Conduct Authority (FCA) plans to carry out an ESG supervision on asset management companies. The supervision is under the charge of the Buy-Side Directorate of FCA, which includes the corporate governance content that asset management companies are most likely to have a negative impact on consumers and the market in their business activities
The International Capital Market Association (ICMA) replied to the draft Sustainability Disclosure Requirements (SDR) issued by the Financial Conduct Authority (FCA), and advised on the three types of sustainable investment labels. ICMA believes that the proposal of SDR can help the financial industry to make greater contributions in the transformation of low-carbon economy, and the establishment of investment labels can facilitate the sustainable product development of asset management companies and help investors to select appropriate financial products
The Intercontinental Exchange (ICE) recently released the 2022 Global Impact Bond Report, which analyzes the issuance and certification of impact bonds. ICE defines impact bonds as green bonds, social bonds and sustainable development bonds
NRF (Norton Rose Fulbright), an international law firm, issued a report to statistically analyze the ESG loans involved during last year. NRF divided these ESG loans into sustainable-linked loans and social loans, and collected information about 50 loan projects from Asia and Europe
Recently, Euronext announced the launch of a new ESG index, named CAC SBT 1.5 °. CAC SBF is an index of 120 stocks prepared by the Paris Stock Exchange. 1.5 ° is the company in line with the emission reduction plan of the Paris Agreement
Singapore Exchange believes that when the bonds meet the criteria of green bonds, social bonds, or sustainable bonds, they can be considered as Sustainable Fixed Income. Specifically, both bonds for institutional investors and retail bonds
In 2018, Hong Kong launched the government green bond program for the first time, with an initial borrowing ceiling of HK $100 billion (about $12.8 billion). This borrowing limit was increased to HK $200 billion ($25.6 billion) in 2021. The funds raised by green bonds are mainly
Recently, the European Union said that it would consider setting up a social climate fund to establish a new carbon emission trading system and provide funds for member countries to improve carbon emissions. The EU’s goal is to achieve zero greenhouse gas emissions by 2050
Hong Kong SFC classifies public funds on its official website, including environmental, social and governance funds. This category of funds incorporates ESG factors into their main investment priorities and reflects ESG factors in their
The Financial Services Agency of Japan (FSA for short) recently issued documents to supervise ESG fund greenwashing. FSA believes that with the introduction of ESG into the name and investment strategy of the fund, the problem of greenwashing is
This regulatory document is the first time that the regulatory authority has formulated the ESG fund greenwashing issue. It believes that if the fund pursues sustainability, it needs to disclose relevant specific plans to the market
The phenomenon of greenwashing in the current market is more complex and difficult to identify than 36 years ago. Greenwashing can be understood as “declaring green actions to the outside world when do not meet the green standards”, or “exaggerating green actions”
