Latest News
From the article:
“The Asia Securities Industry and Financial Markets Association says global investors are concerned over proposals put forth by regulators in Malaysia and Hong Kong to implement relief measures that would allow local companies to bypass certain disclosure standards outlined by the ISSB’s International Financial Reporting Standards. The ISSB standards already include so-called “transitional relief measures” such as allowing companies to limit disclosures to climate-related risks and opportunities in the first year, and to publish disclosures at a later date than their general purpose financial reports. These relief measures also lift required disclosures around scope three emissions in the first annual reporting period, according to the financial lobby group, which represents over 170 members including BlackRock, Vanguard, Amundi, Goldman Sachs Asset Management and J.P. Morgan Asset Management, Yvette Kwan, Hong Kong-based executive adviser to Asifma’s asset management group, says the two markets in question have been considering additional relief measures that could obscure the “full picture” of a company’s sustainability reporting.”
View article:
