ESG

Can capital markets save the planet?

Tackling Climate Change 31 October 2021 marked the launch of the COP26, as well as closing the third warmest October in recorded history (according to the EU’s Earth observation program Copernicus) with temperatures 0.42 °C higher than the average between 1991 and 2020. These temperature changes demonstrate the urgency of going beyond governments’ decis […]
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Spotlight on subscription tax: recent challenges and benefits

Let’s be honest, subscription tax in Luxembourg has never been center stage. Frankly, why would it? For most asset managers, it’s an administrative tax, handled back-office, with easy, straightforward rules. Subscription tax ) is calculated according to the type of fund vehicle and its rate varies between 0.01% and 0.05% with quarterly filings. No big deal. […]

PRI Revises Reporting Rules for 2021

The Principles for Responsible Investment (PRI), a UN-supported network of investors working to promote responsible investment (RI), has made extensive changes to its transparency report framework. The principles were launched in 2006, and the PRI has now revamped the requirements for the  upcoming 2021 reporting cycle. The difference between this new repo […]
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Supervisory pressure is on as ECB publishes guide on climate-related and environmental risk

ESG - The acronym that’s taken the corporate world by storm as it continues to gain serious ground. It’s at the top of most corporate agendas, and financial institutions are no exception. In its recent guide on climate-related and environmental risk (published in November 2020), the European Central Bank (ECB) declares that approaching the topic of ESG fr […]
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Net-zero carbon by 2030: Doing what is right

Our global commitment to combat climate change 50 Reduction in our carbon emissions by 2030 1.5 Science Based Target 100 Renewable energy accross all our sites 50 Reduction in business travel locked-in (vs 2019) 500 Engage our largest suppliers to reduce their emissions 200000 Educate and mobi […]
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Embedding ESG into banks’ strategies

This article was originally published on kpmg.com by Mr. Steven J. Hall, Partner, Financial Risk Management, KPMG in the UK, Niven Huang, General Manager of KPMG Sustainability Consulting Co., Ltd., KPMG in Taiwan, Julie Patterson, Wealth & Asset Management, KPMG in the UK, Arnaud Van Dijk, Senior Manager, KPMG in Canada. In the ‘new reality’ that wil […]
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