“Climate finance across debt and equity capital markets, syndicated and bilateral lending, project finance, structured products, derivatives and securities finance represents an estimated global revenue pool of more than US$25 billion annually over the next decade.”
Green financing will play an increasingly important role in global investment in the coming years, and Malaysia can play a pivotal part in this journey.
A report from Boston Consulting Group (BCG) and the Global Finance Markets Association (GFMA) titled “Climate Finance Markets and the Real Economy” describes a significant US$3 trillion (RM12.3 trillion) to US$5 trillion annual financing need and opportunity for financial institutions.
EnvironmentAustralian regulator issues long-awaited climate risk guidance
Paulina Duran
2 minutes read
Australia s prudential regulator on Thursday unveiled long-awaited guidance for banks, insurers and pension funds around managing and disclosing climate-related risks, including physical, transition and liability exposures.
Issuing a draft version for consultation, the Australian Prudential Regulation Authority (APRA) said the guidance paper aimed to give greater clarity of its expectations but it did not create new requirements or obligations.
The guide was developed in consultation with peer regulators globally and is aligned with the recommendations from the global Task Force on Climate-related Financial Disclosure (TCFD), set up by the G20 rich countries to coordinate rules.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Renesas Endorses the Recommendations of Task Force on Climate-Related Financial Disclosures (TCFD)
April 15, 2021 GMT
TOKYO (BUSINESS WIRE) Apr 15, 2021
Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced that it has signed up to support the Task Force on Climate-related Financial Disclosure (TCFD) and joined the Japan-based TCFD Consortium. By becoming active members of these climate-focused industry bodies, Renesas demonstrates its commitment to more transparent financial disclosures with special emphasis on managing risks and opportunities related to climate change.
Founded by the Financial Stability Board (FSB), the TCFD is an international organization that develops recommendations for more effective climate-related disclosures and provides guidance on addressing the financial impact of climate change for market parti
8 April 2021 (Transcript of the speech, exactly as it was delivered)
E ngā mana, e ngā reo, e ngā iwi, e rau rangatira mā, tēnā koutou, tēnā koutou, tēnā koutou katoa. Mālō e lelei. A very good evening everybody and a big thank you to NZIIA and IPANZ for convening us this evening.
This is billed as a speech on foreign policy and global challenges, but I would like to start, if I can, with a bit of a mihi to Auckland and all Aucklanders, for hosting such a fabulous Americas Cup. And a huge congratulations also of course to Team New Zealand and New Zealand as a whole for its success in defending the Cup.