In past months, the Task Force has seen significant momentum around adoption of and support for TCFD recommendations, and the number of organisations expressing support for the TCFD is reaching over 1,500 organisations globally. Nevertheless, the continuing progress for better alignment with the recommendations is still needed.
The outstanding performance of IWC shows the importance of having a governance team with a clear structure and clear goals and directions to the sustainable development of the entire group. Maintaining a simple and refined leadership is the core of successfully embarking towards sustainability.
International Business Council (IBC), in collaboration with the Big Four Accounting Firms, have been exploring a set of universal, material ESG metrics and recommended disclosures that could be reflected in the mainstream annual reports of companies on a consistent basis across industry sectors and countries.
As a world-renowned fast-food chain, McDonald’s restaurant and value chain covers almost every corner of the world. Therefore, no matter positive or negative, its every move is going to have great influence on the world.
Science-based targets initiative (SBTi) offers a plethora of advantages over incremental GHG reduction targets for businesses and importantly, assists companies to identify and promote innovative approaches to setting ambitious and meaningful corporate GHG reduction targets consistent with the best
available climate science.
The Hong Kong Green Finance Association (“HKGFA”) announced the official launch of the Guangdong-Hong Kong-Macau Greater Bay Area Green Finance Alliance (“GBA-GFA”) at the inaugural launch ceremony on 4 September. The Alliance aims to facilitate the greening of the Greater Bay Area.
The new ESG requirements announced on 18 December 2019 as part of the HKEX’s consultation conclusions on review of the ESG reporting guide and related listing rules apply to HK-listed companies with financial years commencing on or after 1 July 2020.
On May 29, 2020, the People's Bank of China, the National Development and Reform Commission, and the China Securities Regulatory Commission solicited public opinions on the drafting of the "Catalogue of Green Bond Endorsed Projects (2020 Edition)". The new Catalogue is of paramount importance to the sustainable economic and social development, and industrial green transformation and upgrading.