SustainCase newsletter – wk26, June 2025
EFRAG Aims to Cut Datapoints in European Sustainability Reporting Standards by at Least 50%
The European Financial Reporting Advisory Group (EFRAG) released a draft status report on its work to revise the European Sustainability Reporting Standards (ESRS) as part of the EU’s efforts to reduce sustainability reporting and compliance burdens on companies, with the organization revealing that it expects to reduce the number of datapoints required for CSRD reporting by more than half in its upcoming ESRS revision.
Japan, South Korea, and Australia step up clean energy push in Southeast Asia
China may still lead in clean energy investment in Southeast Asia, but Japan, South Korea, and Australia are each carving out roles in solar, battery, and power transmission projects, signalling growing competition in the region’s energy transition.
Case study: How CIB works with its clients and customers to encourage sustainable practices
June 24, 2025 – Founded in 1988 in Fuzhou City, Fujian Province, during the early stages of China’s reform and opening-up, Industrial Bank Co., Ltd. (CIB) has grown to become a prominent financial institution in China. Since its listing on the Shanghai Stock Exchange in 2007, CIB has been acknowledged as a systemically important bank and is regularly placed among the top 20 in The Banker’s Top 1000 World Banks. CIB is a signatory of the Principles for Responsible Banking (PRB) and is, accordingly, working with its clients and customers to encourage sustainable practices and enable sustainable economic activities. Read more.
Case study: How ICBC takes action on its PRB targets: green finance and inclusive finance
June 19, 2025 – The Industrial and Commercial Bank of China (ICBC) has committed itself to establishing a modern, world-class financial institution characterized by Chinese traits. The bank boasts a high-quality customer base, a diversified business model, robust innovation capabilities, and strong market competitiveness. It views service as the cornerstone for continued growth and is dedicated to creating value through its services. ICBC offers a wide range of financial products and exceptional services to more than 13 million corporate clients and 766 million individual customers globally. ICBC is a signatory of the Principles for Responsible Banking (PRB) and has, accordingly, set and published two targets which address two different areas of most significant impact that ICBC identified in its impact analysis. Read more.