ESG Weekly Review 20230130-20230205
ESG Weekly Review 20230130-20230205
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
WEF Releases Voluntary Carbon Market Report
The World Economic Forum (WEF) released a report on the Voluntary Carbon Market (VCM)
UNPRI Updates Reporting Framework
The United Nations Principles of Responsible Investment (UNPRI) released the report framework of asset management companies and adjusted the 2021 version. UNPRI believes that this update focuses on improving the clarity, consistency, and practicality in order to reduce the reporting work of the signatories
Insurance Europe Issued Opinions on Greenwashing
The Insurance Europe (European Insurance and Reinsurance Federation) issued a report in response to the previous three European regulators’ inquiries on the issue of greenwashing. Insurance Europe said that insurance companies have taken actions against sustainable
Fed Conducts Climate Scenario Analysis Exercise for Large Banks
The Federal Reserve announces that it will conduct climate scenario analysis and testing for six large banks to improve the ability of the industry and regulators to identify, measure, monitor and manage climate-related financial risks
ECB Released Climate-related Statistical Indicators
The European Central Bank and the central banks of member countries recently released climate-related statistical indicators to consider climate risk in the implementation of monetary policy and the development of the financial system. The European