Fitch Group’s sustainability-focused analytics business Sustainable Fitch announced the launch of its ESG Regulations and Reporting Standards Tracker, a new tool aimed at monitoring significant regulatory developments in the ESG space, including sustainable taxonomies, ESG and climate disclosure regulations, and ESG fund requirements.
The new downloadable Excel-based database will be updated quarterly and maintained by Sustainable Fitch’s Research team, with information collected from sources including government statements, media reports, participation in sustainable finance working groups, and others.
In addition to tracking regulatory developments, the tool will also track reporting frameworks and standards and aim to provide guidance on new regulatory ESG-related issues affecting issuers and investors.
A report released by the company accompanying the launch of the new tracker highlighted several of the most recent regulatory developments, including progress on sustainable taxonomies in the EU, Brazil, Mexico, and the ASEAN region, an increased focus on greenwashing by regulators including in India, Japan and South Korea, and movement towards mandatory corporate climate disclosure requirements in jurisdictions such as Canada, Hong Kong, and New Zealand.
In the report, Sustainable Fitch said:
“ESG regulations have continued to make headways worldwide in 2023, with sustainable taxonomies, mandatory climate disclosures and ESG fund rules rapidly gaining ground.”
Click here to access the report.