Saturday , October 24, 2020 |   10:58:29 IST
About Us Contact Us Newsletters
CBDT posts Sukhad Chaturvedi, IRS & Bhanu Pratap Singh, IRS as OSDs in FT&TR Division (See 'Bulletin Borad') CBDT diverts DC-level post from Hyderabad to Bengaluru APA (See 'Bulletin Board') TP - CIT is correct is exercising power u/s 263 as assessment order is erroneous if passed ignoring CBDT Instruction No.3/2003: HC (See 'Breaking News') TP - OP/OC margin of comparables companies should have been calculated based on financial data reported in their audited financial statements: ITAT (See 'Breaking News') TP - TPO is justified in rejecting arm's lenght price based on foreign AEs taken as tested party having entirely different geographical area: ITAT (See 'Breaking News') I-T - Provisions of Section 194C & 195 are applicable to payments made to non-resident shipping companies or to agents of non-resident shipping companies: ITAT (See 'Breaking News') TP - Payment of depreciation is an outgoing expenditure & on which no TDS is liable to be deducted: ITAT (See 'Breaking News') Tax Returns & Politicians - They necessarily make quaint & strange bedfellows! (See 'The Cob(Web' Column) Tax Returns & Politicians - They necessarily make quaint & strange bedfellows! (See 'THE COB(WEB)' in TIOL) I-T - It is fit case for remand where DRP omits to record findings in respect of certain factual aspects of matter at hand where e assessee is awaiting verdict of Special Bench of Tribunal in respect of certain issue: ITAT (See 'Breaking News') TP - Absence of contrary being proved by assessee and following order passed by Tribunal in assessee's own case for previous AY, it is decided that TNMM is most appropriate method for assessee: ITAT (See 'Breaking News')
Home >> News Brief

Sustainable finance requires more efforts from all stake-holders: OECD
By TII News Service
Sep 30, 2020 , Paris

PARIS, SEPT 30, 2020: A new OECD Report has noted that governments and regulators should urgently work together to improve the data used for environmental, social and governance (ESG) investing.

The OECD Business and Finance Outlook 2020 says that ESG investing has grown steadily in recent years, with ESG ratings, indices and other financial products proliferating to meet demand.

Yet market participants across the board are still missing the relevant, comparable and verifiable ESG data they need to properly conduct due diligence, manage risks, measure outcomes, and align investments with sustainable, long-term value.

“Finance has a critical role to play in ensuring a truly sustainable recovery from the COVID-19 crisis that will create better and greener jobs, boost income and lead to more sustainable and resilient growth,” said OECD Secretary-General Angel Gurría. “But finance can only deliver better environmental, social or governance outcomes if investors have the tools and information they need.”

The Outlook highlights a number of challenges with current ESG-based investment and finance strategies that need to be fixed to support markets in building back better. Close engagement on the part of regulators and policymakers with the industry, including institutional investors and lenders, ratings and index providers, and international standard setters, will be critical.

The different methodologies used vary in scope and tend to have low transparency, with few generally accepted, consistent, comparable and verifiable indicators on which to base assessments. In practice, this means that a company might achieve a high ESG score from one service provider, and a much lower score from another.

This fragmentation and lack of comparability means investors cannot properly assess companies’ performanceon ESG-related investment goals, such as limiting exposure to carbon emissions. This means that current practices cannot be relied on to manage climate transition risks and to green the financial system, at a time when these are rising priorities for investors and policymakers alike.

Fragmented ESG frameworks and inconsistent disclosure requirements also mean that both institutional investors and corporates cannot properly communicate on their ESG-related decisions, strategies and performance criteria, with beneficiaries and shareholders. This in turn makes it hard for such beneficiaries to assess how their savings are used, and for companies to attract financing at a competitive cost that fully considers ESG factors.

Market supervisors have a big role to play by encouraging greater relevance and clarity in reporting frameworks for ESG disclosures. This includes transparency on how metrics are calculated, weighted and interpreted in the assessments of ESG performance.

Most urgent, according to the Outlook, is the development of a common set of global principles and guidelines for consistent, comparable and verifiable ESG data.

The report also highlights other priorities for boosting ESG investing. These include putting in place guidelines to enable banks to scale up ESG integration and due diligence in their lending; the role state enterprise ownership should play in driving better ESG outcomes; and ensuring fiduciaries such as asset managers and boards better manage material ESG risk, including when investments are exposed to longer-term sustainability risks, as in the case of infrastructure financing.

  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
    A Taxindiaonline Website. Copyright © 2010-2020 | Privacy Policy | Pvt.Ltd. All rights reserved.