05 April 2024 at 02:19 pm IST
The RBI has recently released a draft framework for financial sector entities to disclose climate-related risks. Aligned with TCFD recommendations, this framework will be rolled out in two phases for banks and upper-layer entities. Starting from FY 25-26, these entities will be obligated to disclose their governance, strategy, and risk management on climate-related risks. Subsequently, from FY 27-28 onwards, they will be required to formulate and disclose metrics and targets as well.
• France has introduced a new environmental tax on fast-fashion products, aimed at reducing the environmental impact of the textile industry. • The measure took effect on September 1, 2026, with charg…
• Singapore and Brazil have signed a Memorandum of Understanding to establish a Green and Digital Shipping Corridor, strengthening cooperation on maritime decarbonisation and digitalisation. • The par…
• 𝘐𝘯𝘥𝘪𝘢 𝘢𝘯𝘥 𝘜𝘻𝘣𝘦𝘬𝘪𝘴𝘵𝘢𝘯 𝘩𝘪𝘨𝘩𝘭𝘪𝘨𝘩𝘵𝘦𝘥 𝘵𝘩𝘦𝘪𝘳 𝘴𝘩𝘢𝘳𝘦𝘥 𝘤𝘰𝘮𝘮𝘪𝘵𝘮𝘦𝘯𝘵 𝘵𝘰 𝘦𝘯𝘷𝘪𝘳𝘰𝘯𝘮𝘦𝘯𝘵𝘢𝘭 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘢 𝘵𝘳𝘦𝘦-𝘱𝘭𝘢𝘯𝘵𝘪𝘯𝘨 𝘤𝘦𝘳𝘦𝘮𝘰𝘯𝘺 𝘪𝘯 𝘛𝘢𝘴𝘩𝘬𝘦𝘯𝘵. • 𝘛𝘩𝘦 𝘪𝘯𝘪𝘵𝘪𝘢𝘵𝘪𝘷𝘦 𝘵𝘰𝘰𝘬 𝘱𝘭𝘢𝘤𝘦 𝘥𝘶𝘳𝘪𝘯𝘨 𝘗𝘳𝘪𝘮𝘦 𝘔𝘪𝘯𝘪𝘴𝘵𝘦𝘳 𝘕𝘢𝘳𝘦𝘯𝘥𝘳𝘢 𝘔𝘰𝘥𝘪…