Market participants are calling for stronger regulation of ESG ratings in Asia with growing concerns that the region is lagging the rest of the world, particularly Europe, where regulators are leading the way in providing oversight of the nascent sector.
ISSB votes to make Scope 3 emissions reporting mandatory
Though some asset managers disagreed on the feasibility of Scope 3 reporting, the global standards board said companies would get assistance, and possibly more time, to meet the requirements.
EFRAG launches consultation on first EU sustainability standards
Europe’s corporate reporting body has launched a public consultation on draft corporate sustainability reporting standards, as the need for consensus on ways to report sustainability information gathers pace.
EU body sets out draft sustainability disclosure standards
LONDON, May 3 (Reuters) - Companies will have to set a much broader range of sustainability targets under draft new European Union reporting standards, environmental impact body CDP said on Tuesday.
Taiwan's ESG dashboard to include S&P Global ESG scores in 2022
Taiwan's publicly accessible, expert-curated ESG (environmental, social, and governance) dashboard will see the addition of well-known S&P Global ESG scores this year amid the global push for a green recovery after COVID-19.
TAIPEI (Taiwan News) — The Taiwan Depository and Clearing Corporation (TDCC) is looking at the possibility of adding emissions data to its expert-curated environmental, social, and governance (ESG) dashboard to align with Glasgow COP26's climate pledges, said Jane Huang, head of TDCC's ESG team.
Taiwan TDCC speaks on IR platform at ESG investing summit
TAIPEI — A Taiwan Depository & Clearing Corporation (TDCC) manager spoke about environmental, social, and governance (ESG) investing and the TDCC's evolving investor relations platform (IR platform) at a webinar in late September. The presentation came as ESG investing continues to grow exponentially and as more investors and corporate issuers in the country leverage ESG-related data to generate insights into investment decision-making.
Securities Commission Malaysia Updates The Malaysian Code On Corporate Governance To Promote Board Leadership And Oversight Of Sustainability
The Securities Commission Malaysia (SC) today issued an update of the Malaysian Code on Corporate Governance (MCCG), which sees the introduction of new best practices and further guidance to strengthen the corporate governance culture of listed companies. The 2021 update focused on, among others, board policies and practices on the selection and nomination processes/criteria for directors, and further guidance for practices with low levels of adoption as reported in the SC’s annual Corporate Governance Monitor reports. The MCCG 2021 also focuses on the role of the board and senior management in addressing sustainability risks and opportunities of the company. The last update of the MCCG was in 2017 and the SC has observed encouraging adoption of the Code by listed companies since then with majority of the best practices recording adoption levels of more than 70%.
TDCC and Glass Lewis partner in world-first initiative to bring greater transparency into the proxy process
[Taipei, San Francisco – May 19th, 2021] Taiwan Depository & Clearing Corporation (TDCC), a central securities depository and the leading ESG promoters in Taiwan and Asia, and Glass Lewis, the world’s leading provider of independent research and governance solutions, today announced their strategic partnership. TDCC will provide corporate issuers listed on Taiwan Stock Exchange (TWSE) and Taipei Stock Exchange (TPEX) with a complimentary copy of their Proxy Paper research report as soon as it has been published by Glass Lewis.
United States: Gender Diversity Survey – 2020 Proxy Season Results
Fenwick's gender diversity survey provides unique insight into women's participation at the most senior levels of technology and life sciences public companies on the Fenwick - Bloomberg Law Silicon Valley 150 List (SV 150) and the large public companies of the Standard & Poor's 100 Index (S&P 100). The report reviews public filings beginning in 1996 (the first year for which electronic filings with the SEC were broadly made in the EDGAR system) through the 2020 proxy season to analyze the gender makeup of boards, board leadership, board committees and executive management teams, in the two groups, with special comparisons showing how the 15 largest companies in the SV 150 by revenue (SV Top 15) fare. The SV Top 15 are the peers of the large public companies included in the S&P 100.
EU aims to stamp out greenwashing with disclosure requirements for sustainable investing funds
Can the European Union stamp out greenwashing?
As of Wednesday, fund managers who market environmental, social, and governance (ESG) financial products will face regulations that force them to show exactly how they meet those standards.
Nasdaq reviews feedback and proposes changes to board diversity plan
Proposal generates more than 200 comment letters
Nasdaq has responded to the many comments on its board diversity proposal, including making some tweaks to the plan.
Nasdaq in December filed a proposal with the SEC to adopt new listing rules that would require companies to have – or explain why they do not have – at least two diverse directors, including one who self-identifies as female and one who self-identifies as either an under-represented minority or LGBTQ+. Listed companies would also have to disclose diversity statistics regarding their board.