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ESG Regulatory Frameworks
European Parliament and of the Council | EU Corporate Sustainability Reporting Directive | It ensures that investors and other stakeholders have access to the information they need to assess the impact of companies on people and the environment and for investors to assess financial risks and opportunities arising from climate change and other sustainability issues. Finally, reporting costs will be reduced for companies over the medium to long term by harmonising the information to be provided | EU |
European Commission | EU Taxonomy regulation | The EU taxonomy is a cornerstone of the EU’s sustainable finance framework and an important market transparency tool. | EU |
European Parliament and of the Council | The Sustainable Finance Disclosure Regulation | By setting out how financial market participants have to disclose sustainability information, it helps those investors who seek to put their money into companies and projects supporting sustainability objectives to make informed choices. The SFDR is also designed to allow investors to properly assess how sustainability risks are integrated in the investment decision process. In this way, the SFDR contributes to one of the EU’s big political objectives: attracting private funding to help Europe make the shift to a net-zero economy. | EU |
HKICPA | Study reports and practice guidance on corporate governance | These reports and guidance provide insights and best practices for corporate governance in Hong Kong. They aim to enhance transparency, accountability, and the overall governance framework for authorized institutions | HK |
MPFA | Mandatory Provident Funds Scheme Authority's (MPFA) Principles | The principles and guidelines set by the MPFA, which is responsible for regulating and supervising the mandatory provident fund (MPF) system in Hong Kong. | HK |
HKEX | Appendix 27 to the Main Board Listing Rules&Appendix 20 to the GEM Listing Rules | Set out and ESG disclosure framework and requiring "comply or explain" | HK |
SFC | Fund Manager Code of Conduct(with Climate-related Risks Circular) | To required HK SFC-licensed fund managers to consider climate-related risks in the investment and risk management processes , and to make proper disclosures | HK |
SFC | Circular to management companies of SFC-authorised unit trusts and mutual funds-Green or ESG Funds | Guidance on enhanced disclosures for SFC-authorised green or ESG funds | HK |
HKMA | Hong Kong Monetary Authority's (HKMA) Supervisory Policy Manual GS-1 on Climate Risk Management | It aims to outline the key elements of climate-related risk management and establish the HKMA's approach and expectations for Ais(Authorized Institutions) in reviewing and addressing climate-related risks | HK |
FSDC | Recommendations of the Financial Services Development Council | A high-level advisory body in Hong Kong's financial services sector. They provide recommendations and guidance to promote the development of the financial services industry, including authorized institutions | HK |
SGX &NUS | SGX-CGS Sustainability Reporting Review Report 2021 | A report jointly published by the SGX and the Centre for Governance and Sustainability (CGS). It provides an assessment of the sustainability reporting practices of listed companies in Singapore, highlighting trends, best practices, and areas for improvement in ESG reporting | SG |
Singapore Exchange Securities Trading Limited(SGX) | 27 ESG metrics | It refers to a set of environmental, social, and governance (ESG) indicators used to assess the sustainability performance of companies. | SG |
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