{"id":108377,"date":"2025-02-20T17:43:40","date_gmt":"2025-02-20T22:43:40","guid":{"rendered":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/regulation\/february-global-regulatory-brief-green-finance\/"},"modified":"2025-02-20T23:11:48","modified_gmt":"2025-02-21T04:11:48","slug":"february-global-regulatory-brief-green-finance","status":"publish","type":[3762],"link":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/regulation\/february-global-regulatory-brief-green-finance\/","title":{"rendered":"February Global Regulatory Brief: Green finance"},"content":{"rendered":"<div  class=\"bbg-row-container\">\n    <style>section[data-anchor=row-69d8caab7b58b]::before {\n\t\t\t\tbackground-color: #eeeeee;\n\t\t\t}<\/style>\n    <section class=\"bbg-row bg--custom-color  bg--eeeeee text--black bbg-row--full-bg-bleed\" data-anchor='row-69d8caab7b58b'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8 bbg-column--valign-bottom\"\n    style=\"\"\n    >\n    <p>    <ul class=\"bbg-categories_list\">\n                    <li>\n                <a href=\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/category\/markets\/\" rel=\"category tag\">\n                    Markets\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/category\/regulation\/\" rel=\"category tag\">\n                    Regulation\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/category\/sustainable-finance\/\" rel=\"category tag\">\n                    Sustainable Finance\n                <\/a>\n            <\/li>\n            <\/ul>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 24px !important\"\n    >\n<\/div>    <h1 class=\"bbg-metadata bbg-metadata--title\">February Global Regulatory Brief: Green finance<\/h1>\n<\/p>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-69d8caab813c5'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <p><div\n    class=\"bbg-spacer\"\n        style=\"height: 40px !important\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg byline\"\n\t\t>\n\t<p><strong>Bloomberg Professional Services<\/strong><\/p>\n\n<\/div>\n    <p class=\"bbg-metadata bbg-metadata--date\">February 20, 2025<\/p>\n<\/p>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none bbg-row--full-bg-bleed\" data-anchor='row-69d8caab83886'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <p><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><i>The Global Regulatory Brief provides monthly insights on the latest risk and regulatory developments. This brief was written by Bloomberg&#8217;s Regulatory Affairs Specialists.<\/i><\/p>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2>Green finance regulatory developments<\/h2>\n<p><span class=\"TextRun Highlight SCXW251355966 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW251355966 BCX0\">The financial sector continues to face new rules and government expectations as part of the broader effort to aid the green transition. <\/span><\/span><span class=\"TextRun SCXW251355966 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW251355966 BCX0\">The following green finance policy developments <\/span><span class=\"NormalTextRun SCXW251355966 BCX0\">represent<\/span><span class=\"NormalTextRun SCXW251355966 BCX0\"> a sample of wider regulatory and policy coverage available to Bloomberg Terminal customers. Run REGS &lt;GO&gt; to find out more or contact your Bloomberg representative to learn more.<\/span><\/span><span class=\"EOP SCXW251355966 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span class=\"TextRun SCXW167250517 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW167250517 BCX0\"><b><span data-contrast=\"auto\">Hong Kong:<\/span><\/b> CASG sets 2025 priorities for sustainable finance <\/span><\/span><span class=\"EOP SCXW167250517 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><strong><span class=\"TextRun MacChromeBold SCXW252103136 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW252103136 BCX0\"><b><span data-contrast=\"auto\">UK:<\/span><\/b> <\/span><\/span><\/strong><span class=\"TextRun SCXW252103136 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW252103136 BCX0\">FCA publishes 2025 adaptation report\u00a0<\/span><\/span><span class=\"EOP SCXW252103136 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span class=\"TextRun MacChromeBold SCXW114842596 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW114842596 BCX0\"><b><span data-contrast=\"auto\">Malaysia:<\/span><\/b> <\/span><\/span><span class=\"TextRun SCXW114842596 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW114842596 BCX0\">Financial regulators set out policy priorities for climate resilience<\/span><\/span><span class=\"EOP SCXW114842596 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n\n<\/div>\n<div class=\"bbg-interstitial\" aria-label=\"interstitial\" tabindex=\"0\">\n\t<style>\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\tbackground:rgba(0,0,0,0);\n\t\t\tpadding: 104px;\n\t\t\t\n\t\t\t\n\t\t}\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content, .bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content p{\n\t\t\tcolor:inherit;\n\t\t}\n\t\t@media (max-width: 768px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 32px;\n\t\t\t}\n\t\t}\n\t\t@media (max-width: 480px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 18px;\n\t\t\t}\n\t\t}\n\t<\/style>\n\t<div class=\"wpb_content_element bbg-card  bbg-card-dark bbg-card_hasCta has_interstitial\" id=\"card_1\" data-card_type=\"no_image\">\n  \n  \n  <div class=\"bbg-card__innerwrapper\">\n    <div class=\"bbg-card__content\">\n      \n      \n                      <h3 class=\"bbg-card__title\">Explore the latest regulatory insights with our outlooks, webinars, research and analysis.<\/h3>\n      \n              <div class=\"bbg-card__wysiwyg bb-wysiwyg\"><p>Sign up<\/p>\n<\/div>\n          <\/div>\n\n          \n<div\n  id=\"cta_5451620572743377811\"\n  class=\"wpb_content_element bbg-cta icon icon-arrow\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p right\">\n      <a\n        class=\"bbg-cta-link link interstitial_cta\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/insights\/regulation\/regulatory-insights\/\"\n        target=\"_blank\"\n        rel=\"\"\n        data-section-name=\"\"\n                role=\"button\"\n        aria-label=\"Learn more\"\n        >\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n\n      <\/div>\n\n  <\/div>\n\n<\/div>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none bbg-row--full-bg-bleed\" data-anchor='row-69d8caab88d3a'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2>CASG sets 2025 priorities for sustainable finance in Hong Kong<\/h2>\n<p><span class=\"TextRun SCXW23294973 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW23294973 BCX0\">The Green and Sustainable Finance Cross-Agency Steering Group (CASG) <\/span><\/span><a class=\"Hyperlink SCXW23294973 BCX0\" href=\"https:\/\/www.hkma.gov.hk\/eng\/news-and-media\/press-releases\/2025\/02\/20250206-3\/#1\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW23294973 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW23294973 BCX0\">sets out<\/span><\/span><\/a><span class=\"TextRun SCXW23294973 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW23294973 BCX0\"> three key priorities for this year to foster the growth of sustainable finance in Hong Kong:\u00a0<\/span><\/span><span class=\"EOP SCXW23294973 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span class=\"TextRun SCXW246430658 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW246430658 BCX0\"><b><span data-contrast=\"auto\">Developing a comprehensive sustainability disclosure ecosystem: <\/span><\/b>Support the implementation of ISSB Standards in Hong Kong, provide technical <\/span><span class=\"NormalTextRun SCXW246430658 BCX0\">assistance<\/span><span class=\"NormalTextRun SCXW246430658 BCX0\"> on sustainability reporting, develop a sustainability assurance framework, and deliver capacity-building programs with the industry.<\/span><\/span><span class=\"EOP SCXW246430658 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><b><span data-contrast=\"auto\">Reinforcing Hong Kong\u2019s role as a leading sustainable and transition finance hub: <\/span><\/b><span data-contrast=\"auto\">Expand the Hong Kong Taxonomy to include transition elements and new activities, develop guidance for transition finance, establish a Transition Finance Knowledge Hub, and engage stakeholders to make Hong Kong an Asia Pacific carbon trading hub.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><b><span data-contrast=\"auto\">Harnessing data and technology to facilitate sustainability reporting and promote sustainable financing activities: <\/span><\/b><span data-contrast=\"auto\">Develop the Hong Kong Green Fintech Map to be published in the first half of 2025, enhance public utility data tools on the website, including greenhouse gas emissions calculation tools and a Climate and Environmental Risk Questionnaire for non-listed companies and SMEs.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">Wider context:<\/span><\/b><span data-contrast=\"auto\"> In December 2024, the HKSAR Government launched the Roadmap on Sustainability Disclosure in Hong Kong, providing a well-defined pathway for large publicly accountable entities in Hong Kong to fully adopt the ISSB Standards no later than 2028.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"11\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:&#091;8226&#093;,&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">In May 2024, the HKMA published Phase 1 of the Hong Kong Taxonomy for Sustainable Finance, encompassing 12 economic activities under four sectors, namely power generation, transportation, construction, and water and waste management.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"11\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:&#091;8226&#093;,&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">In March 2024, the Steering Group launched the Prototype Hong Kong Green Fintech Map with Cyberport and Invest Hong Kong.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span class=\"TextRun MacChromeBold SCXW14734607 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW14734607 BCX0\"><b><span data-contrast=\"auto\">About the CASG:<\/span><\/b> <\/span><\/span><span class=\"TextRun SCXW14734607 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW14734607 BCX0\">Established<\/span><span class=\"NormalTextRun SCXW14734607 BCX0\"> in May 2020, the Steering Group is co-chaired by the Hong Kong Monetary Authority and the Securities and Futures Commission. Members include the Financial Services and the Treasury Bureau, the Environment and Ecology Bureau, the Insurance Authority, the Mandatory Provident Fund Schemes Authority, the Accounting and Financial Reporting Council, and Hong Kong Exchanges and Clearing Limited. The Steering Group aims to coordinate the management of climate and environmental risks to the financial sec<\/span><span class=\"NormalTextRun SCXW14734607 BCX0\">tor, accelerate the growth of green and sustainable finance in Hong Kong and support the Government\u2019s climate strategies.<\/span><\/span><span class=\"EOP SCXW14734607 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2>UK FCA publishes 2025 Adaptation Report<\/h2>\n<p><span data-contrast=\"auto\">The UK Financial Conduct Authority (FCA) has <\/span><a href=\"https:\/\/www.fca.org.uk\/publications\/corporate-documents\/fca-adaptation-report-2025\"><span data-contrast=\"none\">published<\/span><\/a><span data-contrast=\"auto\"> its Adaptation Report 2025, which responds to the Department for Environment, Food and Rural Affairs\u2019 (DEFRA) invitation to report on climate change adaptation challenges faced by financial services firms.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The report is based on informal engagement with financial services firms and the FCA\u2019s understanding of market dynamics, but the FCA flags that it is not a comprehensive assessment and further research is needed to verify the findings. It also notes that the report is not intended to set out regulatory expectations for firms.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span class=\"TextRun MacChromeBold SCXW230488561 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW230488561 BCX0\"><b><span data-contrast=\"auto\">Issues:<\/span><\/b> <\/span><\/span><span class=\"TextRun SCXW230488561 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW230488561 BCX0\">The report focuses on three key challenges and highlights the need for better integration of climate risk into financial decision-making.<\/span><\/span><span class=\"EOP SCXW230488561 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">1. Data and modelling to help financial services quantify and manage climate risks:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">The availability and quality of data remain a major barrier to assessing climate risks, especially physical risks such as flooding, heatwaves, and storms.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span class=\"TextRun SCXW146869956 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW146869956 BCX0\">Many firms struggle with climate scenario analysis, which is crucial for long-term planning.<\/span><\/span><span class=\"EOP SCXW146869956 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span class=\"TextRun SCXW50453569 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW50453569 BCX0\">The lack of standardized methodologies leads to inconsistent risk assessments across the industry.<\/span><\/span><span class=\"EOP SCXW50453569 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p>2. <span class=\"NormalTextRun SCXW170057797 BCX0\">Barriers and enablers to insurance underwriting for climate risks and, <\/span><span class=\"NormalTextRun AdvancedProofingIssueV2Themed SCXW170057797 BCX0\">as a consequence<\/span><span class=\"NormalTextRun SCXW170057797 BCX0\">, <\/span><span class=\"NormalTextRun SCXW170057797 BCX0\">lending<\/span><span class=\"NormalTextRun SCXW170057797 BCX0\"> and investment:<\/span><\/p>\n<ul>\n<li><span class=\"TextRun SCXW102065457 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW102065457 BCX0\">The insurance industry plays a key role in climate adaptation, but there are challenges in pricing climate risks accurately.<\/span><\/span><span class=\"EOP SCXW102065457 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span class=\"TextRun SCXW75514775 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW75514775 BCX0\">The withdrawal of insurance in high-risk areas (e.g., flood-prone regions) could have knock-on effects on mortgages and investments.<\/span><\/span><span class=\"EOP SCXW75514775 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span class=\"TextRun SCXW51423193 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW51423193 BCX0\">The report highlights the importance of public-private partnerships and innovative insurance solutions to <\/span><span class=\"NormalTextRun SCXW51423193 BCX0\">maintain<\/span><span class=\"NormalTextRun SCXW51423193 BCX0\"> market stability.<\/span><\/span><span class=\"EOP SCXW51423193 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p>3. <span class=\"NormalTextRun SCXW30354579 BCX0\">Barriers and enablers to financial services in <\/span><span class=\"NormalTextRun SCXW30354579 BCX0\">allocating<\/span><span class=\"NormalTextRun SCXW30354579 BCX0\"> capital to adaptation:<\/span><\/p>\n<ul>\n<li><span class=\"TextRun SCXW167574861 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW167574861 BCX0\">Financial markets need to direct more capital toward climate adaptation initiatives, such as infrastructure resilience and nature-based solutions.<\/span><\/span><span class=\"EOP SCXW167574861 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span class=\"TextRun SCXW161009004 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW161009004 BCX0\">However, regulatory uncertainty and short-term investment horizons hinder the flow of capital into long-term adaptation projects.<\/span><\/span><span class=\"EOP SCXW161009004 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span class=\"TextRun SCXW448068 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW448068 BCX0\">The FCA <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW448068 BCX0\">recognises<\/span><span class=\"NormalTextRun SCXW448068 BCX0\"> that investors need clearer guidance on how to assess and <\/span><span class=\"NormalTextRun SCXW448068 BCX0\">disclose<\/span><span class=\"NormalTextRun SCXW448068 BCX0\"> climate adaptation risks.<\/span><\/span><span class=\"EOP SCXW448068 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">FCA\u2019s areas of focus and next steps: <\/span><\/b><span data-contrast=\"auto\">The FCA does not set out new regulatory requirements but emphasises that firms should integrate climate risk assessments into their governance, strategy, and risk management frameworks.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"16\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:&#091;8226&#093;,&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">The FCA warns firms must protect their critical infrastructure, particularly IT systems, while ensuring that net-zero transition plans consider necessary adaptation.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"16\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:&#091;8226&#093;,&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">The Climate Financial Risk Forum (CFRF) will continue providing best practices on managing climate risks.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"16\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:&#091;8226&#093;,&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">The FCA is collaborating with organisations like the Met Office to improve physical risk data and modelling.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2>Malaysia financial regulators set out 2025 policy priorities for climate resilience<\/h2>\n<p><span class=\"TextRun SCXW124744983 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW124744983 BCX0\">The Joint Committee for Climate Change (JC3), composed of Malaysia&#8217;s central bank <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW124744983 BCX0\">Bank<\/span><span class=\"NormalTextRun SCXW124744983 BCX0\"> Negara Malaysia and the capital markets regulator Securities Commission, <\/span><\/span><a class=\"Hyperlink SCXW124744983 BCX0\" href=\"https:\/\/www.bnm.gov.my\/web\/guest\/-\/jc3-mtg14\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW124744983 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW124744983 BCX0\">issued<\/span><\/span><\/a><span class=\"TextRun SCXW124744983 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW124744983 BCX0\"> a statement setting out Malaysia&#8217;s priorities in 2025 for developing climate resilience in the nation&#8217;s financial sector.<\/span><\/span><span class=\"EOP SCXW124744983 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Three key priorities:<\/span><\/b><span data-contrast=\"auto\"> The JC3 will continue to focus on building climate resilience in the following three areas:<\/span><\/p>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"17\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:&#091;8226&#093;,&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Address data challenges.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"17\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:&#091;8226&#093;,&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Facilitate Small and Medium Enterprises&#8217; (SME) transition: JC3 will intensify efforts to support SMEs in building climate resilience by providing SME-centric solutions that are affordable, credible and practical. These include strengthening collaboration between banks and strategic partners under the Greening Value Chain Programme to provide SMEs with affordable disclosure solutions to help them meet demand for disclosure on their GHG emissions.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"17\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:&#091;8226&#093;,&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Design climate finance solutions with a focus on sectors aligned with the National Energy Transition Roadmap (NETR) and New Industrial Masterplan (NIMP): JC3 discussed the progress to establish the Climate Finance Innovation Lab (CFIL) spearheaded by Bank Pembangunan Malaysia Berhad (BPMB) which aims to accelerate the development of innovative climate finance solutions to complement and scale up financial flows towards transition and green activities.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">Transition finance instruments:<\/span><\/b><span data-contrast=\"auto\"> The JC3 also discussed the Application Handbook for Issuances of Sustainable and Responsible Investment (SRI)-Linked Sukuk and Sustainability-Linked Bonds for the Malaysian capital market. The Handbook aims to provide a better understanding of the process in setting of Key Performance Indicators and Sustainability Performance Targets, supported by case studies across various sectors.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Additional note:<\/span><\/b><span data-contrast=\"auto\"> Sustainability is one of the central themes of Malaysia\u2019s ASEAN Chairmanship in 2025. JC3 will support the Government in pursuing various strategic thrusts that align with its objective of building climate resilience within the Malaysian financial sector.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none bbg-row--full-bg-bleed\" data-anchor='row-69d8caab8c252'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2>View the additional regulatory briefs from this month:<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/regulation\/february-global-regulatory-brief-trading-and-markets\/\">Trading and markets<\/a><\/li>\n<li><a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/regulation\/february-global-regulatory-brief-risk-capital-and-financial-stability\/\">Risk, capital and financial stability<\/a><\/li>\n<li><a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/regulation\/february-global-regulatory-brief-digital-finance\/\">Digital finance<\/a><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.bloomberg.com\/professional\/global-regulatory-brief\/\">Sign up<\/a> to receive these updates in your inbox first.<\/p>\n\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none bbg-row--full-bg-bleed\" data-anchor='row-69d8caab8e24b'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2>How we can help<\/h2>\n<p>Bloomberg\u2019s Public Policy and Regulatory team brings you insight and analysis on policy developments to help navigate the complex and fast changing global regulatory landscape. To discuss regulatory solutions, <a href=\"https:\/\/www.bloomberg.com\/professional\/regulatory-insights\/#contactus\">please get in touch with our specialists<\/a> or <a href=\"https:\/\/www.bloomberg.com\/professional\/regulatory-insights\/\">read more insights<\/a> from our Regulatory team.<\/p>\n\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <style>section[data-anchor=row-69d8caab8fb35]::before {\n\t\t\t\tbackground-color: #eeeeee;\n\t\t\t}<\/style>\n    <section class=\"bbg-row bg--custom-color  bg--eeeeee text--black bbg-row--full-bg-bleed\" data-anchor='row-69d8caab8fb35'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <div\n    class=\"bbg-column\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2>Recommended for 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transition.<\/p>\n","protected":false},"author":1935,"featured_media":108379,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"template-article.php","format":"standard","meta":{"_yoast_wpseo_primary_category":"486","footnotes":""},"categories":[453,486,524],"tags":[3662],"series":[],"class_list":["post-108377","post","type-post","status-publish","format-standard","hentry","category-markets","category-regulation","category-sustainable-finance","tag-esg","type-article"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>February Global Regulatory Brief: Green finance | Insights | Bloomberg Professional Services<\/title>\n<meta name=\"description\" content=\"The financial sector continues to face new rules and government expectations as part of the broader effort to aid the green transition.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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