The International Public Sector Accounting Standards Board (IPSASB) plans to establish climate disclosure standards for public sector to better address the climate crisis and sustainable challenges
ISSB Working Group The World Economic Forum (WEF) plans to establish ISSB working group to collaborate with the International Sustainability Standards Board (ISSB) to share
The European Union stated in its recent sustainable finance policy that it requires ESG rating services to meet the authorization and supervision of the European Securities and Markets Authority (ESMA)
The European Union has adopted the Corporate Sustainability Due Diligence Directive (CSDDD), which requires companies to strengthen sustainable practices in the business sector and reduce the negative impact of their business activities on the environment and society
The Asia Investor Group on Climate Change (AIGCC) has added a China working group to meet the investment needs of the Chinese market for investors and promote ESG development in China
The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBoC) announced the establishment of a green finance working group, which aims to strengthen cooperation between the two countries in green finance and promote Asia’s transition to a low-carbon economy
Due to the rapid development of the ESG industry, the regulatory authorities are also solving some problems that follow, such as the naming rules of ESG funds, the ESG disclosure rules for listed companies, and consumer protection after the adoption of ESG policies. Although the short-term regulatory policies will have an impact on the development of ESG, in the long run, sound regulatory measures will promote the company to complete the ESG transformation more efficiently.
Through tracking and sorting out the ESG regulatory policies of various countries, the ESG regulatory policies have the following characteristics:
1. The regulatory authorities involved in ESG’s regulatory policies are relatively complex. There are not only legislative departments that issue mandatory policies, but also some associations that provide voluntary guidance. At the same time, some new ESG collectives are still being established;
2. The content framework of ESG regulatory policy is gradually increasing. As the supervision needs to be directly implemented into the daily business activities of enterprises and financial institutions, the supervision policies also need to be gradually detailed, and the specific contents involved are constantly increasing;
3. Although ESG regulatory policies differ from country to country, the overall development direction remains the same. When implementing ESG supervision, national regulators will take their own development into account, but still comply with internationally consistent standards as a whole;
This website provides readers with the latest regulatory contents of ESG from regulators around the world. Understanding these contents can provide readers with more complete knowledge of ESG regulation and see the development path of ESG regulation in different countries. For practitioners in the ESG industry, this website can also trace the existing regulatory policies of ESG in the past and compare the ESG regulation in different countries.
