ESG Update: GFANZ Expands Scope with Morgan Stanley Joining Bullish Bracket Exit
In the world of sustainable finance, exciting developments are on the horizon. The Global Financial Alliance for Net Zero (GFANZ) is expanding its reach as Morgan Stanley joins the exodus of bulge bracket firms. This shift highlights a growing commitment to environmentally conscious investing.
Meanwhile, in India, regulators have decided to postpone the deadline for ESG disclosures, allowing businesses more time to align with sustainable practices. And in Hong Kong, new sustainability disclosure standards, aligned with the International Sustainability Standards Board (ISSB), have been finalized, setting a strong foundation for responsible investment in the region.
These updates signify a global movement towards a more sustainable financial landscape. With increasing awareness of the importance of ESG factors in investment decisions, the industry is taking steps to integrate environmental, social, and governance considerations into its core practices. Stay tuned for more updates on how sustainable finance is shaping the future of the financial industry.
