China ESG - Weekly News: China publishes consultation on tightening ESG disclosure rules

CSRC publishes consultation on tightening ESG disclosure rules against China A-shares companies

On May 7, China Securities Regulatory Commission (CSRC) published a consultation on the proposed revision to China’s Guidelines for disclosure and format of corporate information on publicly issued securities, including increasing attention to improve transparency and disclosures on corporate governance and ESG matters and promote supervision on major changes among China’s listed companies.

Read more details by checking out our latest blog.

Source: China ESG

Investors call for more clarity on Singapore ESG fund labels

Singapore’s financial regulator could propose new environmental, social and governance product disclosure requirements later this year, with the city-state a step behind Europe and other Asian markets that have already mandated fund labelling rules. Regulators in Asia and elsewhere have attempted to standardise clearer disclosure requirements for ESG funds in recent years, as these strategies continue to grow quickly in number and popularity. Hong Kong’s Securities and Futures Commission issued guidance on ESG product disclosures in 2019, and launched a list of approved green and ESG funds soon afterwards, while Taiwan regulator the Financial Supervisory Commission is also working on rolling out stricter ESG fund disclosures later this year.

Source: Financial Times

Malaysia issues new climate change framework for asset managers

Malaysia’s central bank has issued the final version of its climate-change focused investment classification framework, after receiving feedback from various financial institutions, including local asset management companies. The final guidance document on climate change and principle-based taxonomy introduces a new progressive system of transition categories and adds a new guiding principle when assessing broader environmental outcomes of an economic activity, Bank Negara Malysia says in a statement issued on April 30. The central bank initially released a discussion paper in December 2019 to serve as a guide for financial institutions in classifying economic activities that help climate change mitigation and adaptation. It then consulted industry players including fund firms, rating agencies and non-governmental organisations to improve upon the framework.

Source: Ignites Asia

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