The lack of shared standards and transparent methodologies for environmental, social, and governance ratings leads to the mispricing of stocks and bonds, and undermines effective decision-making by investors. As more governments are recognising, regulatory intervention is urgently needed.
Large companies worldwide have made net-zero pledges, but they often rely on misleading or false claims. New rules and recent court cases promise to make it harder for firms to pose as “climate leaders” while maintaining pollution as usual.
The first auction on Malaysia’s new voluntary carbon market, the Bursa Carbon Exchange (BCX), took place on 16 March, with around RM7.7 million in carbon credits sold.