Fewer issuers are now linking sustainability metrics to their executive compensation, overall business strategy and financial performance, even as sustainability reporting improves, finds a study by Singapore’s market regulator.
The association says that the sector has allowed "anti-coal sentiment" to divide it for too long. The rebranded body is pushing for an "inclusive" international policy framework that supports the rights of coal producers.
The city-state's central bank, which is pioneering the effort, says it will enhance credibility of the issuances of sustainability-linked loans (SLLs), an emerging financing instrument in the real estate sector that requires more scrutiny.