China strengthens crackdown on environmental crimes with new judicial interpretation...
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APAC
China: China Securities Regulatory Commission (CSRC) has announced the New Independent Director Rules for listed companies to take effect from Sep 4. // China strengthens judicial interpretation on environmental crimes. // State Council on optimising foreign investment includes attracting foreign investment in green certifications and green energy trading… Hong Kong SAR: Cross-Agency Steering Group announces priorities to further strengthen HK’s sustainable finance ecosystem… Taiwan: Taiwan Carbon Solution Exchange (TCSE) started to prioritise carbon consultation and auditing functions. Carbon credit trading to start in 2024. // The Climate Change Administration (CCA) of the Ministry of Environment, TW's first agency dedicated to climate change, was officially inaugurated…
Malaysia: Bursa Malaysia, in collaboration with the London Stock Exchange Group, has developed the Centralised Sustainability Intelligence (CSI) Platform — a centralized repository for ESG disclosures…
Australia: The Treasury has released exposure draft amendments to the Competition and Consumer (Consumer Data Right) Rules 2020 (the CDR Rules), explanatory materials, and a draft Privacy Impact Assessment for consultation.
The exposure draft rules expand the CDR to the non‑bank lender's sector.
The non‑bank lenders sector was designated as subject to the CDR on 21 November 2022. Extending the CDR to this sector is expected to facilitate more informed consumer engagement with both banks and non‑bank lenders, leading to improved financial outcomes for individuals and businesses.
Expansion of the CDR to non‑bank lenders will also increase the availability of data, encouraging innovation in financial technology and helping consumers to better understand and manage their finances...
EMEA
EU: EU: EU Commission adopted Regulation (EU) 2023/956 - the rules for reporting obligations during the transitional period of the carbon border adjustment mechanism (CBAM) from 1 October 2023 until 31 December 2025…
Germany: The Federal Government plans to provide a total of 211.8 billion euros to be made available through the Climate and Transformation Fund (CTF) between 2024 and 2027…
UK: The UK’s Financial Conduct Authority (FCA) Issues Timeline for UK’s International Sustainability Standards Board - ISSB-based Sustainability Disclosure. And expect to consult in the first half of 2024 on proposals to implement disclosure rules referencing UK-endorsed IFRS S1 and IFRS S2 for listed companies. // The UK Financial Reporting Council has opened a consultation on its revision to the “ethical standard”, which lists the principles of integrity, objectivity and independence with which auditors operating in the country should comply. // The UK Electricity Networks Commissioner has published a report into the the country's electricity networks, in which several recommendations are formulated to halve the development time of electricity transmission infrastructure…
AMER
US: Biden-Harris Administration Announces Availability of $115 Million in Grants to Cut Harmful Diesel Engine Emissions. // The Administration Announces Up To $1.2 Billion For Nation’s First Direct Air Capture Demonstrations in Texas and Louisiana…
Canada: Minister of Environment and Climate Change, in collaboration with the Minister of Energy and Natural Resources, announced draft Clean Electricity Regulations for Canada powers toward more clean, affordable, and reliable electricity with draft regulations…
Brazil: The Leaders of the States Parties to the Treaty on Amazon Cooperation (TCA) signed the Presidential Declaration of the Amazon Summit, including Brazil, Bolivia, Colombia, Ecuador, Guyana, Peru and Venezuela, agreed to a list of unified policies and measures to bolster regional cooperation, but failed to agree on a common goal for ending deforestation…