Sustainable Development and ESG
The scope of sustainable development is broader than ESG. It is a blueprint for achieving global development and involves resource balance within and between generations. The United Nations has published 17 Sustainable Development Goals to encourage activities.
Both sustainable development and ESG involve environmental and social aspects, but ESG has been directly related to enterprises and is a standard for measuring financial, environmental and social performance. Sustainable development favors all global stakeholders.
Sustainable Disclosures
Sustainable disclosure is a core concern for global regulators in ESG development. Currently, IFRS S1 and IFRS S2 issued by the International Sustainable Development Standards Committee have become the basis for designating sustainable information disclosure policies in multiple jurisdictions worldwide.
Sustainable disclosure is primarily based on climate change, as climate change is a material issue in environmental factors. Subsequent regulators will formulate policies for areas such as biodiversity, water and supply chain.
Net Zero Asset Owners Alliance Releases Position Paper on Governmental Carbon Pricing
The Net Zero Asset Owner Alliance (NZAOA) releases a position paper on governmental carbon pricing
IIGCC Releases Report on Physical Climate Risk Assessment Methodology
The Institutional Investors Group on Climate Change releases a report on Physical Climate Risk Assessment Methodology
UNEP FI Releases Banking and Green Building Report
UNEP FI releases a report on banking and green buildings to explore how banking industry can support the development of green buildings
UNEP FI Releases Recommendations for Just Transition in Financial Industry
United Nations Environment Programme Finance Initiative releases recommendations for just transition in financial industry
UNEP FI Releases Recommendations for Nature-related Reporting Framework
The United Nations Environment Programme Finance Initiative releases recommendations for nature-related reporting framework
Association for Financial Markets in Europe Releases Climate Transition Plan Report
The Association for Financial Markets in Europe releases a report on climate transition plans
Financial Stability Board Releases Report on Nature-related Financial Risks
The Financial Stability Board releases a report on nature-related financial risks
Introduction to the Corporate Transition Classification System by Climate Bond Initiative
This article introduces the corporate transition classification system released by Climate Bonds Initiative