As Asia Pacific sees its first net-zero banking alliance exits, the Singapore lender looks to draw up decarbonisation pathways for two more sectors and has clarified what activities count as transition financing.
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The Securities and Exchange Commission said it will be conducting a market readiness study on firms this year and adopt a “transitional approach” towards requiring listed firms to disclose their environment, social and governance credentials.
Thirteen countries submitted their Nationally Determined Contributions to the UN – including Singapore, the only Asian nation to do so – while the majority of Paris Agreement signatories missed a 10 February deadline. Countries could be holding back in light of uncertainties in a post-Trump world, say observers.
This marks a shift from the steady progress made by the region's top listed firms in integrity disclosures since 2020, as focus turns from governance towards climate reporting. Thailand retains its lead, followed by Malaysia and Singapore.
The Federal Reserve is perhaps the most significant independent economic actor in the US. Yet it has surrendered to Trump – the Fed Board withdrew from a global network that brought together central banks to improve climate risk management.
Oleh
Stuart P.M. Mackintosh
The ‘rights of nature’ is an allied approach, but nature needs something with more and broader teeth, that can elicit a moral and political consensus on the need for nature conservation.
Oleh
Katherine Snow
Studio EB
Amid fresh debates about what corporate purpose should be, there is mounting evidence that corporate purpose leads to stronger brand reputation, better talent attraction and more resilience, leading to improved financial performance.
Studio EB
Investors are starting to feel the effects of climate change in an unexpected place – their financial returns. There are now growing calls within the business community to improve the quality and coverage of climate risk disclosure.
Women play a key role in developing innovations to push for sustainability, but barriers remain to their entry into STEM careers. To celebrate International Day of Women & Girls in Science, EB Impact speaks to three women in science on making an impact and pursuing careers in STEM.
Studio EB
Palm oil frequently makes headlines, but the faceless workers harvesting the fruit of the oil palm less so. What are the challenges of the job and how can their rights be safeguarded?
Andrew Buay, vice president for group corporate sustainability at Singtel, tells the EB Podcast that CSOs should not be precious about losing part of their job as the function evolves.
Trump 2.0 may prove to be a "bump in the road" for climate action, but banks and investors in Asia see growth and opportunity in the region for decarbonisation as climate risks grow.
The climate non-profit's head Sherry Madera insists there are just 450 questions, not over 5,500 as some industry players have cited, in its new questionnaire, which has faced pushback for failing to ease disclosure burden as intended.
The Bangko Sentral ng Pilipinas assistant governor tells the Eco-Business Podcast about the regulator’s maiden sustainability report that features an empirical study of climate impacts on banks as well as the nation’s first taxonomy.