Major policies that pave the way to disclosure in the industry
The evolving laws, policies and regulations represent a paradigm shift in how we perceive the role of businesses in today's world. This shift acts as a catalyst for the transformation of the ESG industry and by adapting to these changes, we can navigate the evolving landscape, meet compliance requirements and unlock new growth opportunities. Compliance with these regulations might seem challenging at times but I firmly believe that these challenges can often lead to innovation. They force companies to rethink their processes, adopt cleaner technologies and develop more sustainable supply chains. - Puja Singh, Manager, ESG & Sustainable Finance
The EU Parliament has approved standardised 'European Green Bonds' regulations, ensuring transparency and alignment with the EU sustainability criteria.
The Australian government mandates APRA to include climate change-related risks in its regulatory mandate.
The principles are designed to align financial institutions to limit global temperature increase to 1.5°C. They also require transparent goals, metrics, and targets, emphasizing the role of institutions in fostering the transition to a sustainable, low-carbon economy.
Climate Policy Initiative India and IIM Ahmedabad have signed an MoU to develop and disseminate knowledge on green and sustainable finance. The collaboration aims to provide research, capacity-building programs, and policy design related to sustainable finance.
TPT releases a "best practice" disclosure framework for climate transition plans, simplifying reporting for companies and financial institutions. It promotes comprehensive approaches to meet climate targets and minimise risks, aligning with a net-zero economy.
Brazil incorporates the ISSB’s IFRS Sustainability Disclosure Standards into its regulatory framework. This shift from voluntary to mandatory reporting, commencing in 2026, is set to boost transparency, making it more attractive to investors.