\n<\/p>\n
Key takeaways<\/p>\n
Next Steps<\/p>\n
The European Parliament is due to adopt the position in a plenary sitting next week, after which interinstitutional negotiations with the EU Member States (Council) and Commission are expected to begin in late October or November to finalise the legislative text under the Omnibus package.<\/span><\/p>\n The Monetary Authority of Singapore (MAS) has <\/span>appointed<\/span> Ms. Abigail Ng as its new Chief Sustainability Officer (CSO), effective October 6, 2025. Ms. Ng, currently the Department Head of the Markets Policy & Consumer Department, will take over from Ms. Gillian Tan, who had concurrently held the CSO role with her duties as Assistant Managing Director (Development & International) since October 2022. This transition marks the move to a dedicated CSO role as MAS\u2019s sustainability agenda enters a more mature phase.<\/span><\/p>\n Key takeaways<\/p>\n Next steps<\/p>\n Looking ahead, there would likely be continued focus on MAS\u2019 key efforts like the Singapore-Asia Taxonomy and blended finance platforms (TRACTION, FAST-P). Given Ms. Ng\u2019s expertise in policy, her tenure may also bring greater focus to sustainability disclosure requirements. This dedicated leadership structure reinforces the MAS\u2019s commitment to advancing Singapore\u2019s role as a key regional hub for sustainable finance.<\/span><\/p>\n The Swiss Federal Council has <\/span>announced<\/span> plans to introduce a corporate due diligence law aligned with the EU Corporate Sustainability Due Diligence Directive (CSDDD). A draft legislative proposal is expected by March 2026 based on the EU\u2019s final framework following adoption of the first Omnibus package.<\/span><\/p>\n Context<\/p>\n The initiative follows renewed political momentum in Switzerland, spurred by a popular initiative launched in summer 2025 with support from over 280,000 citizens and a broad civil society coalition.\u00a0<\/span><\/p>\n Key takeaways<\/p>\n Next steps<\/p>\n The Financial Conduct Authority (FCA) has published a <\/span>letter <\/span>highlighting progress in the overall functioning of the sustainability-linked loans (SLLs) market since its last review in 2023. The letter highlights the importance of robust internal controls, governance frameworks, and transparency in SLL arrangements<\/span>.\u00a0<\/p>\n Key takeaways<\/p>\n Overall, the FCA recognises that \u2013 despite headwinds \u2013 the SLL market has matured, with firms adopting better practices and stronger product structures. Specifically, the FCA noted:\u00a0<\/span><\/p>\n Next steps: Firms should continue to review their internal systems and governance arrangements for SLLs in light of the FCA\u2019s observations. The FCA will continue to work closely with the UK\u2019s Transition Finance Council as it drives forward the UK Government\u2019s recommendations to promote a credible transition finance ecosystem.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Key takeaways MEPs propose that only companies with more than 1,000 employees and over \u20ac450 million in annual turnover be required to undertake sustainability reporting.\u00a0 Firms falling outside the scope would report Corporate Sustainability Reporting Directive (CSRD) and EU Taxonomy data on a voluntary basis following Commission guidance. Large companies would be prohibited from demanding<\/p>\n","protected":false},"author":1,"featured_media":31733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[7117,1123,728,12239,4958,12300],"class_list":{"0":"post-31732","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-finance","9":"tag-global","10":"tag-green","11":"tag-insights","12":"tag-october","13":"tag-regulatory"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/31732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31732"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/31732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/31733"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}MAS appoints new Chief Sustainability Officer<\/h2>\n
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Switzerland to align due diligence law with EU CSDDD<\/h2>\n
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FCA publishes letter on sustainability-linked loans market<\/h2>\n
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