Charlene Wong

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China - Beijing

**A Chinese version of this blog post follows the English version.**

On 19 August 2022, the National Development and Reform Commission (“NDRC”), the National Bureau of Statistics (“NBS”), and the Ministry of Ecology and Environment (“MEE“) of the People’s Republic of China (“PRC”) jointly issued the “Implementation Plan on Accelerating the Establishment of a Unified and Standardised Carbon Emission Statistical Accounting System (the “System”)” (the “Plan“).Continue Reading China Issues a Plan to Establish a Carbon Emission Statistical Accounting System

Australia - Sydney

On 3 August 2022, Australia’s Financial Services Council (“FSC“) published FSC Guidance Note No 44 Climate Risk Disclosure in Investment Management (“Guidance Note”) to provide a set of common baseline expectations for the investment management industry’s approach with respect to net-zero commitments, disclosure of climate-friendly investment features and climate change risk reporting. Continue Reading Australia’s Financial Services Council issues new guidelines on climate risk disclosure for asset managers

Wind power and solar power stations

Two new net zero alliances for the financial sector were launched on April 21, 2021: The Glasgow Financial Alliance for Net Zero (GFANZ) and the Net-Zero Banking Alliance (NZBA). The launch of these two alliances will bring about coordinated commitments across the financial system that are subject to transparent reporting and accounting in line with the Race to Zero criteria.

We highlight key aspects of GFANZ and NZBA in this Blog Post.Continue Reading Fueling The Race To Zero: Launch Of The Glasgow Financial Alliance For Net Zero And The Net-Zero Banking Alliance