RegulationReporting & DisclosureApril 27, 2023by Madhavan Nampoothiri
Insights
Read about the latest insights on ESG in our blog section.
Sustainable Finance Disclosures Regulation (SFDR) is one of the three pillars of the European Union’s Action Plan on Sustainable Finance. Our first blog on SFDR provided an overview of the regulation (read here), and the classification of funds based on their sustainability objective (Article 6, 8 and 9 Funds). In this blog, we explore some of...
RegulationAugust 23, 2022by Madhavan Nampoothiri
EU Taxonomy KPIs – Financial Vs Non-Financial Undertakings
The EU Taxonomy Regulation requires all firms covered by the EU Non-Financial Reporting Directive (NFRD), which is giving way to the more stringent Corporate Sustainability Reporting Directive (CSRD), to report Key Performance Indicators (KPIs) related to environmentally sustainable activities that are EU Taxonomy aligned (read here for more on Taxonomy eligibility and alignment). The Taxonomy...
On May 25, 2022, the U.S. Securities and Exchange Commission (“SEC”) issued two ESG related proposals applicable to investment funds. The first proposal pertains to amendments to the Fund “Names Rule”, which adds new requirements for funds that consider ESG factors in their investment practices. The second proposal requires enhanced ESG disclosures by investment Advisers...
On May 25, 2022, the U.S. Securities and Exchange Commission (“SEC”) issued two ESG related proposals applicable to investment funds. The first proposal pertains to amendments to the Fund “Names Rule”, which adds new requirements for funds that consider ESG factors in their investment practices. The second proposal requires enhanced ESG disclosures by investment Advisers...
RegulationSustainable FinanceAugust 8, 2022by Madhavan Nampoothiri
Singapore issues ESG Funds Disclosure and Reporting Guidelines
The Monetary Authority of Singapore, which is Singapore’s central bank and integrated financial regulator, issued a Circular on 28 July 2022 detailing the Disclosure and Reporting Guidelines for Retail ESG Funds. The new guidelines will take effect on 1 January 2023. A brief summary of the new Circular is as follows. Objective The objective of...
Concepts & How ToRegulationJuly 31, 2022by Madhavan Nampoothiri
EU Taxonomy : A 3-Step Guide to Taxonomy-Aligned Reporting
One of the key objectives of the EU Sustainable Finance Action Plan is to improve transparency on the sustainability performance of corporates and to reduce avenues for “greenwashing“. Therefore, the EU Taxonomy describes the “environmentally sustainable” economic activities and the financial metrics to quantify the performance of these taxonomy-aligned economic activities. The Taxonomy Regulation requires...
The EU created the Sustainable Finance Action Plan to direct financial flows toward sustainable investments, and the EU Taxonomy is the bedrock of the Sustainable Finance Framework. The EU Taxonomy is a classification system for determining which economic activities are environmentally sustainable or Taxonomy eligible. The objective of the Taxonomy is to prevent “greenwashing” and...
Quantifying risks and putting a risk management system in place are the bedrock of investments. However, while the risk assessment tools for traditional investments are reasonably mature, incorporating climate risks into investments is relatively new, and the tools for climate risk assessments are evolving. In this article, we explore three tools developed to quantify climate-related...
Concepts & How ToJuly 25, 2022by Madhavan Nampoothiri
Dynamic, Nested and Core Materialities – Materiality Madness?
In February 2022, the Global Reporting Initiative (GRI) published a paper titled “The materiality madness: why definitions matter”. GRI’s corporate sustainability reporting standards, based on the concept of double materiality, are the most widely used worldwide. GRI’s key message in the paper was simple – don’t complicate the idea of materiality. As GRI put it,...
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