Hong Kong to Align Sustainable Finance Taxonomy with Global Standards
Hong Kong’s financial authority is set to expand its sustainable finance taxonomy to align with mainland China and EU frameworks
Financial Secretary: Hong Kong a “Reliable Partner” in Global Green Transition
Hong Kong Financial Secretary Paul Chan highlights the city’s commitment to climate action and its role in sustainable finance
Will the EU’s 2040 Climate Target Trigger a Global Carbon Market Revolution?
The EU is reintroducing international carbon credits into its climate strategy, aiming to balance ambitious emission reduction with cost-effective compliance.
EU Regulators Push for ESG Risks in Stress Tests
The new proposals mandate supervisors to integrate ESG factors into stress testing frameworks and expand ESG risks scopes as data availability improves
EEPC Demands Carbon Tax Moratorium for MSMEs
The EEPC is seeking a three-year moratorium from the EU’s CBAM to delay the implementation of the carbon tax.
EU May Impose Up To $80 In Carbon Taxes On Indian Steel Imports
Indian steel exports to the EU may face surcharges of up to $80 a tonne on account of being more carbon intensive.
India Releases Taxonomy of Green Steel
The taxonomy of green steel grades steel’s greenness based on emission intensity, with five-star steel having emission intensity below 1.6 t-CO2e/tfs.
remove Launches India Initiative
remove will support Indian businesses in developing projects to remove carbon dioxide from the atmosphere and mitigate global warming
Insufficient Action or Lack of Will to Implement?
In recent days, we have seen insufficient action by nations and corporates alike. For example, to meet its climate goals, the EU needs to cut its carbon emissions three times faster.
Lindstrom establishes Board Sustainability Committee
The board sustainability committee will ensure the board’s strategic reflection on sustainability, and focus on its impacts
Jindal Stainless reducing Scope 3 emissions
Jindal Stainless, the third largest private steel producer, is working at reducing Scope 3 emissions. With this, the company is ready for European Union’s Cross Border Adjustment Mechanism (CBAM) for EU’s carbon tax. While the company has made significant progress against its ESG metrics, it is preparing for EU’s carbon tax by reducing Scope 3
EU takes a step forward toward sustainable economy
In a bid to promote sustainable economy, the European Union has adopted the European Sustainability Reporting Standards (ESRS) for all companies subject to the Corporate Sustainability Reporting Directive (CSRD). The standards cover the full range of environmental, social, and governance (ESG) issues including climate change, biodiversity and human rights. They provide information for investors to
