ESG International Weekly News 1/5- 1/11

🌍Global ESG & Climate Policy Highlights 

1. China Launches IFRS-Aligned Climate Disclosure Standard

China released a trial climate disclosure standard aligned with ISSB / IFRS S2, signaling a clear roadmap toward mandatory reporting and explicit inclusion of value-chain climate impacts.

2. U.S. Withdraws from UNFCCC and Major Climate Bodies

The U.S. announced its withdrawal from the UNFCCC and multiple international climate and sustainability organizations, marking an unprecedented shift in global climate governance.

3. Philippines Adopts Mandatory IFRS-Based Sustainability Reporting

The Philippine SEC adopted PFRS S1 and S2, rolling out phased mandatory sustainability and climate disclosures for large and listed companies, aligning with other ASEAN markets.

4. Standard Chartered Issues €1 Billion Green Bond

Standard Chartered issued its first green-only bond, directing €1 billion toward renewable energy, green buildings, circular economy, and climate-resilient infrastructure projects in emerging markets.

5. Microsoft & MISO Partner on Grid Modernization

Microsoft and MISO launched an AI-driven collaboration to modernize the power grid, addressing rising electricity demand from data centers and electrification.

TYC Wrap-Up | Key Takeaway

Across regulation, finance, and infrastructure, sustainability is increasingly embedded into mandatory disclosure systems, capital allocation decisions, and energy planning frameworks.
These converging trends underscore how climate, energy, and circular economy considerations are becoming foundational elements of the global economic system.