Yicai 第一财经’s Post

🎯In a new document, Allen & Overy has outlined 10 lessons in sustainability regulations as👇 🧊 The plethora of taxonomies across the world is creating trade barriers and acting as a hindrance to international investment. Greater effort should be made to ensure harmonisation, recognising regional energy transition and security priorities. 🧊 Governments should learn the lessons of the past when designing support mechanisms for emerging transition technologies, recognising that different markets demand bespoke solutions. No one size fits all. We are also seeing these mechanisms increasingly intertwined with the desire to create clean energy jobs. 🧊 Businesses are facing a regulatory overload in key markets which may hamper progress in the long-term. Recognising that policy measures have a high degree of interdependency, greater focus needs to be given to how effective regulation will be in achieving the desired outcomes. 🧊 The transition will drive the need for greater collaboration across industries, and more effort is needed to enhance antitrust laws and exemptions to facilitate effective cooperation. 🧊 Voluntary carbon markets have a key role to play in the transition but there is an urgent need for robust market infrastructure. Frameworks for the UN-based Article 6 mechanisms must be fully baked particularly given the need for greater rigour across markets. 🧊 Excessive rigidity in the debt capital markets has the potential to drive away issuers. If debt capital markets are to achieve their critical role in the transition, flexibility is needed. Let the market do its work. 🧊 Sustainability disclosure and reporting will continue to be fragmented across markets for some time to come. The need for greater harmonisation and more of an impact-driven approach is critical. 🧊 We need to see a more sophisticated deployment of international trade agreements to facilitate trade in green goods and technologies, which may include the use of tariffs to drive a shift away from certain technologies. This will not deliver an immediate solution but needs to be part of a longer-term shift. 🧊 Ensuring internal governance and controls are fit for purpose in this new regulatory era is an important part of the puzzle. Businesses must be clear on their transition strategy and ensure they give sufficient resource and oversight to its implementation.

Adoption of new international #sustainability reporting standards is moving quicker than expected, with countries accounting for more than half of global GDP, including Canada, signing on to the initiative, ISSB chairman Emmanuel Faber says in an interview. #climatefinance

💡 As we approach the end of the week we wanted to share our final thoughts on the UK government's Modern #IndustrialStrategy Green Paper and a topic very close to our hearts - #regulation. We know regulation can drive (or hinder) #innovation. The government recognises it needs to provide businesses with stable conditions and clear incentives to invest in technology and adopt products which move away from higher emission activities towards #NetZero. Two points in the strategy touch upon the key issues you've told us about during our research and workshops into #RegulatoryBarriers. 📌 For regulation to be effective, it must be created in partnership with business and regulators. And, 📌 The government will identify where new regulatory frameworks can assist in the development of new technologies and allow for new products to be more effectively regulated and approved. Our research shows the main regulatory challenges across all six #FoundationIndustries sectors are time and cost related.... 📍 💰 The cost of entry and compliance. 📍 🤔 The role intellectual property (IP) plays in enabling innovation. 📍 🌱 Understanding and managing inconsistencies in existing legislation particularly environmental regulations to reduce carbon emissions and the UK’s relationship to international laws. 🔊 We’ll be feeding #FIVe research into government who are keen to understand how current regulations and the regulatory environment are impacting growth across the FIs so their recently announced #RegulatoryInnovationOffice can speed up regulatory decisions for #NewTechnologies. ⬇ ⬇ You can read our full thoughts on this and 👩🏾🔬 Innovation, 🔬 entrepreneurship and R&D, 💷 investment and 🗺 regional growth in the link below ⬇ ⬇

🌍 Yesterday was Earth Day, wasn't it? 📚 Today is Book Day, right? ❓ Can EFPA Luxembourg ASBL Luxembourg make a major contribution by linking these 2 themes? The answer is YES! 🚀 🤩 Our ESG Handbook version 2024 has been completely updated and enriched with many new articles on sustainable finance. 📗 This is a book written for you by people like you. People who are practitioners in their fields of investment, law, labelling, fund management and administration, and so on. 💻 This new edition is available not only in book form, but also digitally. In addition to hard copies, there is an associated website and the ESG Handbook is also available on the main distance-selling platforms such as Google, Amazon, Kobo, FNAC, etc. 🖥   👉 So don't wait any longer and log on to the dedicated site ⏭ link : www.efpa-handbook.com   #sustainablefinance #efpaluxembourg #esg #greenfinance #esghandbook

Check out my first article for Lykke Advice to discover more about the challenges and opportunities for #SMEs in the #EU👇 #PublicAffairs

#ACRA #Singapore : Climate reporting to help companies ride the green transition As announced by Second Minister for Finance, Mr Chee Hong Tat at the Ministry of Finance Committee of Supply, Singapore will introduce mandatory climate-related disclosures (CRD) in a phased approach, in line with the recommendations from the Sustainability Reporting Advisory Committee (SRAC)[1]. This is part of the Government’s efforts to help companies strengthen capabilities in sustainability, and to ride the green transition. As the green momentum intensifies, companies who are able to provide CRD could benefit from access to new markets, customers, and financing. The Accounting and Corporate Regulatory Authority (ACRA) and Singapore Exchange Regulation (SGX RegCo) have provided details of mandatory climate reporting for listed issuers and large non-listed companies. All listed issuers to report from FY2025 and large non-listed companies from FY2027. From FY2025, all listed issuers will be required to report and file annual CRD, using requirements aligned with the International Sustainability Standards Board (ISSB) standards. From FY2027, large NLCos (defined as those with annual revenue of at least $1 billion and total assets of at least $500 million) will be required to do the same. ACRA will review the experience of listed issuers and large NLCos before introducing reporting requirements for other companies. #rupeshkumarbomali #rupeconomics #rkb2024 #2024rkb #rkb2023 #2023rkb #rkb2020 #2020rkb #2021rkb #rkb2021 #RKB2022 #2022RKB #entrepreneurship #ArtificialIntelligence #linkedin #technology #doingbusiness #india #makeinindia #madeinindia #studyinindia #investinindia #startupindia #lawininda #director #shareholder #startup #startups #startupngoodation #startupecosystem #msme #fintechstartup #fintech #internationaltax #taxupdate #taxation #msme #export #exports #exporter #exporters #import #imports #importer #importers #taxesinindia #taxes2019 #taxadvisor #taxadvice #taxreform #taxplanning #taxlaws #taxservices #taxprofessionals #transferpricing #digitalisation #digitaleconomy #compliances #fundraising #funding #equity #debt #roc #msme #workinindia #Insolvency #Bankruptcy #ibc #bankruptcylaw #casestudy #cbdt #cbic #taxes2020 #financeminister #MCA #ROC #companiesact #Networking #gst #gstr #gstr9 #cbic #gstupdate #gstupdates #OTT #safeharbor #digitalgaming #onlinegaming #bitcoins #bitcoinnews #bitcoin #bitcoinmining #unionbudget2022 #crypto #virutalassets

Amcham: Recommendations to Remove Legal Barriers in Investment and Production Expansion Managers need specific guidelines to implement Resolution 02/NQ-CP dated January 5, 2024 on the main tasks and solutions to improve the business environment and enhance national competitiveness in 2024. This recommendation was made by the American Chamber of Commerce in Vietnam (Amcham Vietnam) at the conference “Implementation of Resolution 02/NQ-CP: Reforming the foundation for promoting business development,” organized by the Ministry of Planning and Investment on February 29. According to Amcham representatives, Vietnam and the United States have established a comprehensive strategic partnership. To date, the value of Vietnam-US trade has increased nearly 300 times to reach $123 billion. Currently, the United States is Vietnam’s largest trading partner, with American companies playing a very important role. In the context of continuing economic difficulties after the COVID-19 pandemic and global instability, the Government has proactively implemented policies to support the business community, resulting in economic growth in 2023 reaching 5.05%, higher than many other countries in the world. Amcham representatives highly appreciate the Government’s continued vigorous efforts to implement various solutions to support the economy in 2024. Specifically, the policy of reducing value-added tax to 8% and directing banks to lower lending rates, and most recently, Resolution 02/NQ-CP. The content of the Resolution clearly directs the removal of legal obstacles in investment, continued administrative reforms, reduction of business conditions and procedures, and increased access to capital for enterprises. Especially, it removes barriers to the implementation of extended producer responsibility (EPR) and provides various concrete solutions. The representatives of Amcham emphasize that the directives in Resolution 02 regarding the removal of obstacles in EPR implementation are very specific. The content clarifies that companies are allowed to perform both self-recycling and payment for recycling support for the same type of packaging and waste products within the same year. In addition, companies contribute to recycling based on actual quantities, with the deadline for submission extending until the end of the first quarter of the following year. Furthermore, it encourages research and proposes incentives for environmentally friendly packaging or the use of recycled materials. However, according to the Amcham representatives, so far there has been no information from the Ministry of Natural Resources and Environment on the implementation of these directives in Resolution 02. Therefore, Amcham proposes that the Ministry of Natural Resources and Environment promptly provide specific guidelines for the implementation of Resolution 02 to remove obstacles in EPR for businesses, in line with the Government’s determined spirit. “We also hope that the Gove...

🌿 Shaping the Future of Sustainable Finance! 🌿 Big news from the European Securities and Markets Authority (ESMA) – the guardians of our financial markets! 🛡️ They’ve just released the Final Report on the Guidelines on Enforcement of Sustainability Information (GLESI) and a Public Statement on the first-ever application of the European Sustainability Reporting Standards (ESRS). This is a huge leap towards a greener, more transparent financial landscape! 🌍✨ 🚀 GLESI: Paving the Path to Sustainability These guidelines are here to harmonize supervisory practices in sustainability reporting. Think of it as a roadmap to a greener future. 📊 ESRS: Setting the Standard For the first time, large issuers will get the support they need to master the new sustainability reporting requirements. 🌟 ESMA's Vision for the Future: - Green Finance Hub: Transform EU capital markets into the epicenter of sustainable finance with clear and comprehensible disclosures. - Simplified Compliance: Cut through the complexity, making it easier for everyone to follow the rules. - Unified Supervision: Harmonize enforcement across the EU for consistent, fair outcomes. 🛤️ What’s Next? - 2025 Monitoring: ESMA will keep an eye on sustainability reporting practices. - Language Translations: GLESI will be available in all EU languages on the ESMA website. - Q4 Recommendations: Look out for the upcoming guidelines on sustainability statements of listed companies in the 2024 European Common Enforcement Priorities. Curious? Check out : https://lnkd.in/dtbVXXjF At Varuna Sentinels BV, we’re thrilled to align with these new standards and lead the charge towards a sustainable future. 🌱 Let’s make sustainability the norm, not the exception. Stay tuned for more updates and join us in this exciting journey towards a greener tomorrow!💚 Connect us at contact@varuna-sentinels.com Visit us: www.varuna-sentinels.com #Sustainability #GreenFinance #ESMA #ESRS #GLESI #FutureOfFinance #SustainableBusiness #EU #FinancialMarkets

＜We will be holding a seminar "Promoting Sustainable Finance in Osaka/Kansai" ! ＞   In recent years, solving social issues, including environmental problems such as the increasing risk of natural disasters due to global climate change, has become a pressing issue. Under these circumstances, the issuance of SDG bonds, in which funds raised are allocated to projects that contribute to the SDGs, has been increasing in Japan.   In order to deepen understanding of SDG bonds, promote issuance of SDG bonds, and build momentum for investment in SDG bonds, Osaka Prefectural and City governments will hold a seminar on the theme of " Promoting Sustainable Finance in Osaka/Kansai" as follows. In addition to Osaka government, West Nippon Expressway Company Limited, which has been issuing SDG bonds in Osaka, will also participate in the seminar and talk about their issuance cases and initiatives. Osaka will continue to promote sustainable finance! ================================================= Promoting Sustainable Finance in Osaka/Kansai ～Towards Global Financial City OSAKA's Aim of Becoming a "Financial Frontrunner City”～ -----------------------------------------------------------------   【Date】3:30 pm to 4:30 pm, Friday February 2, 2024 【Venue】Conference Room in Kansai Branch Office of Mizuho Securities Co., Ltd. (Honmachi Garden City 3F, 3-6-4 Honmachi, Chuo-ku, Osaka City)　 *Will be held in Hybrid format with Zoom 【Target】Companies in Osaka and Kansai area, Investors etc., 【Seminar Summary】 　1. Opening remarks 　2. Status of SDGs initiatives in Japan and abroad (Mizuho Securities Co., Ltd.) 　3. Examples of SDG bonds issued by companies and municipalities in Osaka Prefecture (West Nippon Expressway Company Limited, Osaka Prefecture) 　4. Panel discussion and Q&A session 【Participation fee】Free of charge 【Sponsor】Osaka Prefectural and City governments 【Cooperation】Mizuho Securities Co., Ltd.

Something interesting to read for the weekend! ✅ Romania's new finance order, OMF 85/2024, transposing the CSRD (EU) 2022/2464 at local level was rolled out. This new finance order brings radical changes in how companies do their annual reports by asking them to include a lot more information in their sustainability reports , especially for those who haven't had to report this before. ❗ Companies already covered will need to comply with the amended rule starting January 1st 2024. #sustainabilty #regulation #CSRD