China ESG - Weekly News: CSI became the first index institution in China certified by IOSCO standard

CSI became the first index institution in China certified by IOSCO standards

China Securities Index recently announced that its ESG index has obtained an independent assurance report on compliance with the International Organization of Securities Regulators (IOSCO) Financial Benchmark Principles. This has become the only index institution in China that has independently verified ESG indexes through IOSCO standards.

ESG mainly conducts comprehensive evaluation of enterprises from the dimensions of environment, social responsibility, and corporate governance. It is a reflection of the concept of sustainable development at the micro level of the enterprise, and it is also an important supporting support for achieving the goal of "carbon neutrality".

Source: CSI

First carbon neutrality bond fund launched in China

The China-EU common taxonomy for sustainable finance will make it easier for other countries to recognise China’s green financial assets, PBOC officials say.

The first carbon-neutrality themed bond fund in China was introduced this week, China Fund News reports.

The Maxwealth Xinli Carbon Neutrality Theme 1-year Regular Open Bond Securities Investment Seed Fund from Maxwealth Fund Management was launched on Tuesday, after raising Rmb2.51 billion (US$389 million) in initial assets between September 14 and Monday, according to a note released by the fund house.

Source: Regulation Asia

SEC intends to increase the disclosure requirements of fund companies' proxy voting

On September 29, the SEC issued an announcement proposing to amend the rules to require fund companies to disclose more information on how to exercise proxy voting rights.

At present, when investors purchase mutual funds and ETFs issued by fund companies, the fund companies will vote on the shareholder proposals of the companies in which the fund invests on behalf of the investors.

The voting topics include corporate executive compensation, director appointments, climate response measures, etc. However, based on the SEC's current information disclosure regulations, investors, especially retail investors, have difficulty understanding how fund companies vote on their behalf.

Source: Insights & Mandates

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