ESG Weekly Review 20230206-20230212
ESG Weekly Review 20230206-20230212
IMA Releases China Companies ESG Disclosure Report
The Institute of Management Accountants (IMA) released the ESG disclosure report of listed companies in China, taking 140 companies listed in the mainland China market and Hong Kong market as samples, to study their ESG information disclosure and climate related disclosure based on the TCFD framework
CDP Releases Companies Climate Transition Report
Carbon Disclosure Project (CDP) released the 2022 companies’ climate transition report, investigating more than 18600 enterprises from 13 industries in 135 countries, to obtain the progress of these enterprises in climate transition through using climate change questionnaires
US SEC Regards ESG Investing as an Examination Priority
The Division of Examinations of the US Securities and Exchange Commission (SEC for short) recently includes ESG investing in the examination priorities in 2023 to understand the latest industry development trend and protect investors from potential risks
ESMA SMSG Give Advice on ESG Greenwashing
The Securities and Markets Stakeholder Group (SMSG) under the European Securities and Markets Authority (ESMA) put forward advice on the problem of ESG greenwashing
FCA Plans to Supervise Asset Management Companies on ESG
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
Nuveen Releases Responsible Investing Survey
Nuveen, an asset management company, recently released the seventh edition of the survey report on responsible investing, detailing investors’ views towards responsible investment last year. The sharp fluctuations in the global stock and debt markets in 2022 did not dampen investors’ enthusiasm for responsible investment, but rather hoped to reduce the volatility of the asset portfolio through this way
DTCC Releases Climate Financial Risk Report
Depository Trust & Clearing Corporation (DTCC) issued a climate financial risk report, describing the impact of climate risk on itself and other financial market infrastructures (FMIs). DTCC believes that climate change is bringing risks in the economic and financial fields. These risks include both physical risks directly caused by climate events and transition risks indirectly caused by the transition to a low-carbon economy.
Deep Dive on EU Green Deal Industrial Plan
The European Union recently announced the launch of the European Green Deal Industrial Plan to enhance the development of Europe’s net zero economy and support climate-neutral transition
ICMA Responds to Sustainability Disclosure Requirements and Investment Labels
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
ESMA, EBA and EIOPA Issues Opinions on Sustainability Reporting Standards
Three European regulation authorities (ESMA, EBA and EIOPA) issued their opinions on the draft of European Sustainability Reporting Standards (ESRS for short), the first edition published by the European Financial Reporting Advisory (EFRA) in November last year. The purpose of ESRS is to establish a common European sustainable reporting standard in order to promote the development of ESG and keep pace with global sustainable development