Khalid Azizuddin
It comes after efforts from the Singaporean central bank and GFANZ to encourage phase-out financing.
The scheme says it was not in favour of 'blanket exclusion' on fossil fuels.
The rules largely mirror the TCFD reporting structure, in addition to bank-specific KPIs.
The rules are set to apply to the EU ESG ratings market 18 months after adoption.
Government response says taxonomy consultation is expected 'shortly'.
It is the latest case of scrutiny over alleged investor exposure to Myanmar’s military junta.
The paper adds to growing evidence over the untapped potential for index provider engagements.
Climate Bonds Initiative has established itself as a leading developer of global taxonomies. RI talks to the NGO about sectoral approaches, red lines and the competitive landscape.
Proceeds have been barred from financing ammonia co-firing in power plants following climate worries.
The proposals give the option of voluntary compliance for smaller firms.