ESG Regulation:
FCA Releases DP on Sustainable Governance for Financial Companies
The Financial Conduct Authority (FCA) of the United Kingdom issued a discussion paper on sustainable governance for financial companies to solicit governance opinions related to sustainable development. FCA believes that the financial industry needs to play an important role in the process of net zero transition, and the sustainable governance of financial companies is becoming more important.
French Regulator AMF Proposes Anti-Greenwashing Measures for ESG Funds
The French regulator AMF issued a document recommending that the minimum environmental standards be included in the classification of ESG funds under SFDR to reduce the possibility of greenwashing. In SFDR (Sustainable Finance Disclosure Regulation), Article 8 and Article 9 are classified as “Light Green” and “Dark Green” respectively, and funds that meet these two conditions can be regarded as ESG funds.
Hong Kong Issues Tokenized Government Green Bonds
The Hong Kong Monetary Authority (HKMA) recently announced that Hong Kong’s first tokenized government green bonds were successfully issued. The green bond is based on the government green bonds plan and is also the first officially issued tokenized green bond in the world.
ELFA Responds to Sustainability Disclosure Requirements and Investment Labels
European Leveraged Finance Association (ELFA) replied to CP22_20 by UK Financial Conduct Authority (FCA). This consultation paper mainly discusses the Sustainability Disclosure Requirements (SDR) and Investment Labels. ELFA expressed support for SDR and believed that the regulatory authorities still need to make further changes on some key issues.
ESG Research:
Application and Challenges of Pension Funds in TCFD
The research institute Pensions for Purpose released a report to show readers the application and challenges of pension funds in TCFD field by investigating the climate-related financial disclosure of different types of pension funds.
HKEX Releases Carbon Market Report
The Hong Kong Stock Exchange releases a carbon market report, which analyzes the current development of the global and Chinese carbon markets in detail, and proposes the opportunity for Hong Kong to participate in the process.
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