13 June 2023 02:36 pm Views - 174
Sustainable Fitch, a Fitch Solutions Company, recently launched the ESG Regulations and Reporting Standards Tracker, an effort towards bringing clarity on the fast-evolving ESG regulatory environment.
The tracker monitors sustainable taxonomies, ESG corporate disclosures, climate-related corporate disclosures, ESG fund requirements and disclosures, and the main reporting standards.
In a statement, Sustainable Fitch shared that some of the most notable updates since the start of 2023 include progress made on taxonomies in Brazil, Mexico, the ASEAN region, and the EU.
Several regulators, including those in India, Japan, and South Korea, have also set their attention on greenwashing and are developing ESG fund rules. Mandatory corporate climate disclosures are making progress in several jurisdictions, including Canada, Hong Kong, and New Zealand.
Fitch Solutions noted that India is reportedly working on a taxonomy, while China is said to be planning to make ESG disclosures mandatory for all firms listed on domestic markets.