Tagged: esg

Everimpact, STACS to Bring Transparency to Carbon Credits Market

Everimpact are partnering with STACS, a Singapore-based ESG fintech “to provide banks and corporates involved in the carbon market with greater trust and transparency.” Their partnership will “promote data-backed carbon credits with end-to-end traceability.” In the first phase of the project, Everimpact’s Digital carbon tracking… Read More

Malaysia: CIMB Group Increases Sustainable Finance Target to RM60 Billion by 2024

CIMB Group Holdings Berhad strengthened its sustainability commitment by doubling its sustainable finance target to RM60 billion by 2024 “under the Group’s Green, Social, Sustainable Impact Products and Services (GSSIPS) Framework.” The increased target was announced during the opening of CIMB’s flagship The Cooler Earth… Read More

eToro Introduces ESG Scores as Many Retail Investors Consider ESG Before Buying Stocks

eToro, the social investing network, announced the introduction of ESG scores for over 2,700 stocks on its platform enabling its users “to consider environmental, social, and governance factors when building their portfolios.” Partnering with ESG Book, a global provider of ESG data and technology, eToro… Read More

ACA Group Acquires Data Specialist Ethos ESG

ACA Group, the governance, risk, and compliance (GRC) advisor in financial services, announced that it has acquired Ethos ESG, a provider of environmental, social, and governance (ESG) ratings data and software “for financial advisors, asset managers, institutions, and investors.” This acquisition “marks ACA’s first analytics… Read More

MAS, SGX Group Introduce ESGenome Disclosure Portal to Streamline Sustainability Reporting

The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX Group) have jointly launched ESGenome, a digital disclosure portal for companies “to report Environmental, Social and Governance (ESG) data in a structured and efficient manner, and for investors to access such data in a consistent… Read More

Malaysia’s Maybank Introduces Sustainable Product Framework to Support Green Finance

Maybank has designed its own Sustainable Product Framework (SPF) – the “first” by a Malaysian bank – “to enable greater development of green, social and sustainable products.” The framework, which will support the Group’s commitment of ‘Mobilizing RM50 billion in Sustainable Finance by 2025’, will… Read More

SEC Investor Advisory Committee Schedules Meeting, Will Discuss Climate Disclosure Along with Other Topics

The Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC) has scheduled a meeting for September 21st. According to the Sunshine Act Notice, the IAC will be discussing Climate Disclosure along with a recommendation made by the Committee. Currently, the SEC is proposing new rules… Read More

SEC Small Business Capital Formation Advisory Committee Tells Commission Climate Disclosure May Deter Firms from Going Public

Earlier this year, the Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), held a meeting to discuss proposed rules on climate risk disclosure. The meeting addressed potential rule changes initiated by the SEC and championed by SEC Chairman Gary Gensler. When… Read More

Mastercard Appoints Ellen Jackowski as Chief Sustainability Officer

Mastercard  (NYSE: MA) announced that Ellen Jackowski will join the company as Chief Sustainability Officer “starting July 25, 2022.” In this role, she will be “instrumental in further integrating Mastercard’s Environmental, Social and Governance (ESG) strategy into the organization.” Mike Froman, vice chairman and president… Read More

Dublin Regtech Fenergo Introduces ESG Offering to Support Regulatory Requirements

Fenergo, the provider of digital solutions for Know Your Customer (KYC) and Client Lifecycle Management (CLM), has launched a solution to “enable financial institutions to reduce regulatory and reputational risk and streamline operations for ESG compliance.” This allows firms to automatically “calculate climate, reputational and… Read More

ESG Book Finalizes $35M Series B to Build ESG Data Platform

ESG Book, which focuses on sustainability data and technology, has announced that it closed $35 million in Series B funding. The new capital will be used “to advance ESG Book’s next-generation technology capabilities, enabling clients to meet increasingly complex sustainability requirements, and accelerate the company’s… Read More

What Are Opponents Saying About the SECs Push to Demand Climate Risk Disclosures?

The Securities and Exchange Commission (SEC) has proposed ESG rules that may compel public firms to disclose climate risks that may impact the environment. The rule proposal was accepting comments from interested parties up until this past week with a deadline of June 17th. While everyone… Read More

Senate Banking Committee Republicans Ask SEC for More Information on Proposed Climate Disclosure Rules

Republican members on the US Senate Banking Committee have requested more information from the Securities and Exchange Commission (SEC) regarding the Commission’s proposal to require reporting companies to disclose their climate impact. In a letter addressed to SEC Chairman Gary Gensler, signed by the 12… Read More

House Republicans Tell SEC to Rescind Proposed Climate Reporting Requirements as it Exceeds the Commission’s Authority

House Republicans have sent a letter to the Chairman of the SEC Gary Gensler telling him to halt his pursuit of proposed climate disclosure rules as over-stepping the statutory responsibilities of the Commission. In the letter, signed by 129 Republicans led by the top Republican… Read More

Hong Kong’s ESG Data Startup Allinfra Acquires $6M in Funding

Hong Kong-headquartered Allinfra, which is assisting institutions with meeting sustainability goals, has acquired $6 million in capital. The firm’s investment round has reportedly been led by international financial services group Nomura. Other investors in the round have not been named, however, the raise included new… Read More

After Receiving Substantial Criticism For Rushed Rulemaking, SEC Extends Comment Period on Climate Disclosure Rule, ATSs & Definition of an Exchange

The Securities and Exchange Commission (SEC) has extended the comment period on proposed ESG rules that may compel public firms to disclose their climate risks and impact on the environment. The SEC has received broad criticism in regards to the rushed nature of the rulemaking… Read More

SEC Climate Risk Disclosure: What are People Saying About Proposed Rules?

This past March, Chairman Gary Gensler announced the Securities and Exchange Commission was aiming to require disclosure on climate impact for registered firms. The Fact Sheet may be viewed here. Climate-related information would be required in firms’ registration statements and annual reports, including information about… Read More

Securities and Finance Experts Worry that SEC’s ESG Requirements will Drive Shareholder Returns Lower, Push Prices Higher and Have a Negative Impact on Labor

The Securities and Exchange Commission is currently pursuing new rules under the auspices of ESG: Environmental, Social, and Governance. In March of 2022, SEC Chairman Gary Gensler explained they were aiming to require disclosure for firms on issues such as climate impact. He explained: “The… Read More

SEC Small Business Capital Formation Advisory Committee will Discuss SPACs, Climate Disclosure under ESG Push

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee (SBCFAC) has scheduled a meeting to discuss two specific topics: SPACs or Special Purpose Acquisition Companies and Climate Disclosure. The meeting will take place on Friday, May 6, 2022. According to a statement by… Read More

Fintech Personetics Introduces Sustainability Insights, a Solution for Banks to Lower Carbon Footprint

Personetics, which claims to be the leading provider of financial data-driven personalization, customer engagement, and advanced money management capabilities for financial institutions, recently announced the launch of Sustainability Insights. This offering, included within the Personetics engagement platform, will help banking institutions meet growing customer demand… Read More

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