ComplianceAsia launches ESG advisory services, Business News

SINGAPOREFeb. 23, 2022 /PRNewswire/ — ComplianceAsia announces the launch of its ESG advisory branch, ComplianceAsia ESG Consulting Pte. ltd and the hiring of Hiromi Iwakiri lead the team in Singapore.

Founded by CEO Philippa Allen in 2003, ComplianceAsia is the oldest compliance consultancy Asia Pacificwith offices at Singapore, hong kong, Shanghai, Tokyo and London.

In the past two years, there has been a significant increase in regulatory emphasis on environmental issues for financial services firms. Asset managers and insurers of both hong kong and Singapore have new sets of regulatory rules to incorporate into their business in addition to a rapidly growing set of provisions either imposed by investors or by European and US regulators.

The Securities and Futures Commission of hong kong (“SFC”) has published amendments to the Fund Managers Code of Conduct to require fund managers to consider climate-related risks in their investment and risk management processes. The Monetary Authority of Singapore (“MAS”) has published its Environmental Risk Management Guidelines for Fund Managers, which are now also effective.

ComplianceAsia ESG Consulting is a specialist service that helps Asia based financial sector companies, including private equity firms, hedge fund managers and traditional asset managers, to deal with the rapidly changing regulatory landscape of ESG investments in our region. We have already provided policies and procedures to major asset management firms to ensure compliance with the new rules and work towards harmonizing Asia Pacific requirements with international policies and procedures.

Ms. Iwakiri brings extensive experience in alternative assets and brokerage to ComplianceAsia ESG Consulting and holds a Masters Degree in Environmental Management from National University from Singapore. She is joined by Ivan Liu. He has extensive experience in sustainability, from designing a company’s strategic framework for sustainability to developing indicators for the company based on ESG/sustainability practices and benchmarks.

ComplianceAsia ESG Consulting provides a wide range of ESG advisory services to companies across the Asia Pacific region who are on the path to ESG compliance and investing.

We implement ESG corporate governance structures, review or develop policies and procedures to meet SFC, MAS, HKMA or JFSA requirements, help companies join UNPRI, advise on stewardship codes, audit and audit ESG adoption and compliance and support ESG integration into corporate investment processes.

Training is also offered by ComplianceAsia ESG Consulting on ESG regulations and standards.

We actively monitor changes in ESG regulations both in terms of Asia Pacific and globally.

ComplianceAsia has won numerous industry-recognized awards for outstanding service over the years, including “Compliance Service Provider of the Year at the 3rd Regulation Asia Awards for Excellence 2020” and “Best Consulting Firm – Regulation & Compliance by HFM Asia Services Awards 2021”.

“We all know that the financial industry was in the spotlight during the recent COP26 climate summit. Financial service providers are increasingly required to develop and disclose plans to address climate risk and achieve sustainable investment goals and to monitor the credibility of those plans. Given our longstanding commitment to Asia Pacific and our excellent relationships with many of the largest asset managers in the region, it is only natural to launch ComplianceAsia ESG Consulting to help financial institutions develop their ESG compliance capabilities in both Singapore and hong kong“, said CEO and Founder, Philippa Allen.

“With the growing importance of sustainability in the Asian financial sector, there is no doubt that financial companies of all types and license sizes will be driven to scale up their ESG initiatives over the next five years or less. I am delighted to join ComplianceAsia ESG Consulting. I also look forward to helping clients create a practical ESG framework using my extensive experience working with various types of financial institutions and key learnings from my professional degree,” said the ESG manager, Singapore, Hiromi Iwakiri.

About ComplianceAsia Consulting Limited

ComplianceAsia Consulting Limited (“ComplianceAsia”) is the oldest compliance consultancy in Asia Pacificcreated in 2003 with an office in hong kong, Singapore, Shanghai, Tokyoand London. We have unrivaled experience delivering complex compliance advisory projects for financial companies in the APAC region.

With 80 multilingual staff, including compliance experts experienced in dealing with SFC, HKMA, MAS, CSRC, AMAC, JFSA and Asian exchanges, we provide independent and impartial advice on Asian financial sector legislation and regulation.

The ComplianceAsia group also includes AML Services Limited, OnlineCompliance.Training, CA College, CPTnow and ComplianceAsia ESG Consulting.

Brian Shiu
Regional Marketing Manager
Email: [email protected]
Phone. : +852 2868 9070