Canada Announces Climate Reporting Requirements for Banks, Insurers, Beginning 2024
Canada’s financial regulator, the Office of the Superintendent of Financial Institutions (OSFI), announced the release of its new guidelines on climate risk management, setting out requirements for banks and insurance companies to manage and disclose climate-related risks for fiscal year 2024. Read more
SEBI Extends Timeline Until March 15 for Public Comments On Proposed ESG Rating Norms
Capital markets regulator Sebi extended the timeline until March 15 from March 8, for submission of public comments on the proposed regulatory framework on ESG rating providers. The regulator had placed a consultation paper for Regulatory Framework for ESG Rating Providers (ERPs) in the securities market on its website on February 22 and sought comments on the same. Read more
98% of Companies May not Wait for SEC Climate Disclosure Rules to Become Law to Begin Reporting: Survey
According to a new survey by PwC and business data and reporting solutions provider Workiva, nearly all U.S. public companies may begin complying with the Securities and Exchange Commission’s (SEC) upcoming climate-related disclosure rules, Irrespective of the fact when they become law. However, most companies admit that they face technology, staffing and budget challenges in meeting the rules’ requirements, Read more
