LONDON : The G20-backed International Sustainability Standards Board on Thursday approved"global baseline" rules for firms disclosing how climate change affects their business, after calls to curb greenwashing in a"pivotal" year for climate reporting.
But international firms worry they will simply end up with a patchwork of official sector norms, given the EU and United States are also writing corporate disclosures as new environmental, social and governance rules take centre stage. The ISSB and EU have come under heavy pressure from regulators to make their climate-related disclosures"interoperable" to avoid clashes that bump up compliance costs.
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Debt in focus as G20 finance chiefs meet in IndiaNEW DELHI : G20 finance and central bank chiefs meet in India next week at the first-year anniversary of Russia's invasion of Ukraine to discuss rising debt troubles among developing countries, the regulation of cryptocurrencies and the global slowdown.The Feb. 22-25 meeting in the Nandi Hills summer ret
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G20 watchdog homes in on decentralised finance after FTX crashLONDON : The G20's Financial Stability Board (FSB) said on Thursday it would take steps to tackle 'vulnerabilities' and data gaps in decentralised finance (DeFi) highlighted by the collapse of cryptocurrency exchange FTX last year.The fast-growing and unregulated DeFi segment offers trading, borrowing and
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A quarter of London companies downsize offices for flexible workThis trend is helping drive up vacancy rates, and is increasing the gap between rental prices. Read more at straitstimes.com.
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