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UOB sets 2050 net zero target, rules out new oil and gas financing

United Overseas Bank (UOB) has announced a 2050 net zero target across its lending portfolio, and has also become the first bank in Asia to rule out new financing for upstream oil and gas projects.

Australian regulator issues first greenwashing fine

The Australian Securities and Investments Commission (ASIC) has issued its first 'greenwashing' fine, to energy company Tlou Energy.

$100trn of investment needed to reach net-zero, report finds

Over $100 trillion is needed to 'green' the world's capital stock and reach net zero by 2050, a report by BNY Mellon and Fathom Consulting has found.

Asian companies failing to manage physical climate risk, say Amundi, AIIB

Asian companies and issuers are failing to take action on physical climate risk, despite suffering disproportionately from its impacts, a report has revealed.

Video: IOSCO's outlook on the ISSB standards

The International Organisation of Securities Commission (IOSCO) has urged the International Sustainability Standards Board (ISSB) to ensure its global reporting baseline is fit for use in emerging markets.

Australian superfunds 'dumping fossil fuel stakes'

Australia's largest superfunds are rapidly selling off stakes in fossil fuel companies, a Market Forces report has found.

Impact reporting grace period 'closing quickly'

The grace period for less "tight and transparent" reporting on the impact of sustainable bond issuances is closing quickly and issuers will be expected to raise their game in this area, according to Environmental Finance Data.

IOSCO urges ISSB to deliver for emerging markets

IOSCO has urged the ISSB to ensure its global reporting baseline is fit for use in emerging markets.

MAS to launch data registry next year

The Monetary Authority of Singapore (MAS) has announced its ESG data registry will launch next year.

People Moves 14 October including MAS, UKSIF, HKMA and more...