Daily Archives: January 22, 2020

Nasdaq Announces ESG Reporting Technology Solution

New platform seeks to simplify corporate sustainability and ESG reporting process for public companies

NEW YORK and STOCKHOLM, Jan. 22, 2020 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: NDAQ) announced today it will offer corporate clients an environmental, social, and governance (ESG) workflow and reporting service. The platform seeks to help companies navigate the complex series of corporate sustainability frameworks available in the market today, streamlining the data gathering and response process to provide a more efficient way to send ESG-related data to ratings agencies and other stakeholders.

Sustainability reporting frameworks supported by the platform will include the Global Reporting Initiative (GRI), ISS, MSCI, RobecoSAM, the Sustainability Accounting Standards Board (SASB), Sustainalytics, and the Task Force on Climate-related Financial Disclosures (TCFD), among others.

“Our clients face several challenges with the ESG reporting process, including the lack of control over data management and survey fatigue due to the variety of raters and reporting frameworks,” said Nelson Griggs, President of the Nasdaq Stock Exchange. “We believe that we are uniquely positioned to solve for these challenges given the thousands of clients who rely on Nasdaq for counsel on a range of sustainability and governance-related issues. The new platform will broaden our strategic collaboration with corporates who are seeking new ways to bring efficiency and simplicity to the ESG reporting process.”

The new platform further builds on Nasdaq’s ESG-related products and services offered to corporate clients. These include Nasdaq’s ESG Advisory Solution to help companies analyze, assess and implement ESG programs with the goal of attracting long-term capital; Nasdaq Boardvantage®, a collaboration solution for boards, committees and leadership teams designed to facilitate paperless modern governance; the Center for Board Excellence, which provides board evaluations and other consultative services designed to advance governance excellence; the Nasdaq Nordic Green Bond Market, one of Europe’s most active Sustainable Debt markets; the Nasdaq Sustainable Bond Network, designed to improve transparency for global green, social and sustainable bonds; and Nasdaq’s global ESG Reporting Guide.

In 2019, Nasdaq achieved a number of significant ESG milestones for its work with clients, as well as within its own global operations. Examples include continued investor demand in its ESG screened Index and Index Futures in Europe; further advancements in its European ESG data offering for institutional and retail investors; and achieving carbon neutrality across all its business operations through the purchase of carbon offsets and renewable energy certificates.

For more information, please visit www.nasdaq.com/solutions/sustainability-reporting and www.nasdaq.com/solutions/esg-products.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to Nasdaq’s new ESG reporting platform and the benefits of the offering, and statements about Nasdaq and its other ESG related products and services. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to factors detailed in Nasdaq’s annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.

Nasdaq Media Contacts:

Will Briganti (U.S.)
(646) 964-8169
william.briganti@nasdaq.com

Erik Granström (Europe)
+46 8 405 78 07
erik.granstrom@nasdaq.com

BKPM, Mitsubishi Chemical deliberate on investment expansion plan

Licensing for investment and incentive is now centralized under the BKPM. We will monitor the process until you can materialize the investment in Indonesia.

Jakarta (ANTARA) – Japanese largest chemical corporation Mitsubishi Chemical highlighted its plan to invest some US$150 million to expand its factory in Cilegon, Banten, during a meeting with Investment Coordinating Board (BKPM) Head Bahlil Lahadalia.

The meeting was held on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday (Jan 21), the BKPM noted in its statement here on Wednesday.

According to Lahadalia, the Tokyo-based company will need a tax holiday incentive to materialize its plan.

“Licensing for investment and incentive is now centralized under the BKPM. We will monitor the process until you can materialize the investment in Indonesia. Whenever you face a problem, just contact me,” Lahadalia told CEO of Mitsubishi Chemical Holdings Corporation Hitoshi Ochi.

Attendees at the meeting comprised Indonesian Ambassador to Switzerland Muliaman D. Hadad, BKPM’s Director of Promotion Imam, and members of the Investment Committee Yuki Hanafi and Rizal Calvary Marimbo.

Lahadalia welcomed the company’s plan and encouraged it to further step up its investment in Indonesia.

Meanwhile, Ochi applauded BKPM’s swift response and vowed to meet the requirements for investment, particularly pertaining to partnership with domestic businesses.

Mitsubishi Chemical Holdings Corp. is Japan’s largest chemical corporation set up in 2005. It operates through various segments encompassing electronic applications, designed materials, health care, chemicals, polymers, and others.

Source: ANTARA News

Indonesia’s financial system remains stable despite global turmoil

Jakarta (ANTARA) – Finance Minister Sri Mulyani Indrawati pointed to Indonesia’s financial system remaining under control in the fourth quarter of 2019 despite the global economic turmoil and problems faced by the country’s financial service companies.

“The Financial System Stability Committee (KSSK) has constantly monitored the potential risks of the global economy as well as the domestic ones,” Indrawati, concurrently the chairperson of KSSK, noted during a press conference here on Wednesday.

The committee held a regular meeting on Monday (Jan 20), with the attendees comprising its members: Governor of Bank Indonesia (BI) Perry Warjiyo, Chairman of the Financial Services Authority (OJK) Wimboh Santoso, and Chairman of the Deposit Insurance Corporation (LPS) Halim Alamsyah.

Indrawati called to closely monitor Brexit that has geopolitical consequences.

She lauded the trade deal reached recently between the United States and China, as it lowered uncertainly and risks in the global financial market.

The developments also boosted foreign capital inflow into developing countries, including Indonesia.

Meanwhile, on the domestic front, the Indonesian economy has remained robust, with maintained economic growth backed by household consumption and investment, particularly in the construction sector.

“Exports are starting to increase although non-construction investment performance still requires attention,” she stated.

Indrawati made assurance of steps being taken in a coordinated and comprehensive manner to handle problems impacting several domestic financial service institutions.

Hence, the KSSK will intensify coordination of both monetary fiscal and micro-prudential banking policies to maintain stability of the Indonesian financial system and also to sustain the momentum of Indonesia’s economic growth.

Source: ANTARA News

Indonesia’s financial system remains stable despite global turmoil

Jakarta (ANTARA) – Finance Minister Sri Mulyani Indrawati pointed to Indonesia’s financial system remaining under control in the fourth quarter of 2019 despite the global economic turmoil and problems faced by the country’s financial service companies.

“The Financial System Stability Committee (KSSK) has constantly monitored the potential risks of the global economy as well as the domestic ones,” Indrawati, concurrently the chairperson of KSSK, noted during a press conference here on Wednesday.

The committee held a regular meeting on Monday (Jan 20), with the attendees comprising its members: Governor of Bank Indonesia (BI) Perry Warjiyo, Chairman of the Financial Services Authority (OJK) Wimboh Santoso, and Chairman of the Deposit Insurance Corporation (LPS) Halim Alamsyah.

Indrawati called to closely monitor Brexit that has geopolitical consequences.

She lauded the trade deal reached recently between the United States and China, as it lowered uncertainly and risks in the global financial market.

The developments also boosted foreign capital inflow into developing countries, including Indonesia.

Meanwhile, on the domestic front, the Indonesian economy has remained robust, with maintained economic growth backed by household consumption and investment, particularly in the construction sector.

“Exports are starting to increase although non-construction investment performance still requires attention,” she stated.

Indrawati made assurance of steps being taken in a coordinated and comprehensive manner to handle problems impacting several domestic financial service institutions.

Hence, the KSSK will intensify coordination of both monetary fiscal and micro-prudential banking policies to maintain stability of the Indonesian financial system and also to sustain the momentum of Indonesia’s economic growth.

Source: ANTARA News

US Journalist Arrested in Indonesia Over Alleged Visa Violation

JAKARTA – An American journalist working for an environmental website has been arrested over an alleged visa violation in Indonesia that could send him to jail for years, his employer said Wednesday.

Philip Jacobson, 30, was initially detained last month after attending a hearing in Borneo involving the local parliament and the Indigenous Peoples Alliance of the Archipelago, Indonesia’s largest indigenous rights advocacy group, the website Mongabay said.

This week, Jacobson was formally arrested and told he faced up to five years in prison for visiting Indonesia with the wrong visa, it added.

He had traveled to the country on a business visa, according to Mongabay.

“We are supporting Philip in this ongoing case and making every effort to comply with Indonesia’s immigration authorities,” said Mongabay chief Rhett A. Butler.

“I am surprised that immigration officials have taken such punitive action against Philip for what is an administrative matter.”

Borneo officials disputed claims the arrest may have been linked to Jacobson’s involvement in sensitive stories about Indonesia’s myriad environmental and corruption woes.

“This is purely an immigration law enforcement matter,” immigration spokesman Muhammad Syukran told AFP.

“There’s no other issue — we don’t have a problem with his work.”

Jacobson had repeatedly entered and left Indonesia on a non-journalist visa, he added.

“While we of course urge all foreign journalists visiting Indonesia to ensure they follow immigration rules, if a journalist is simply attending meetings or happens to be present during a news event this should not be cause for punitive action or detention,” the Jakarta Foreign Correspondents Clubs said in a statement.

The U.S. embassy in Jakarta did not immediately comment.

Source: Voice of America