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Financial Regulatory Updates in Trinidad and Tobago: A Focus on Sustainable Finance Development

In the wake of the Covid-19 pandemic, governments are discussing ways to rebuild their economies. However, it’s essential to acknowledge that the pandemic has not halted the climate emergency, and extreme weather events and other climate-related shocks continue to pose significant risks.

As a result, the Trinidad and Tobago Securities and Exchange Commission (TTSEC) is prioritizing sustainable finance development.

What is Sustainable Finance?

Sustainable finance refers to the process of incorporating environmental, social, and governance (ESG) considerations into investment decisions in the financial sector, according to the European Commission. Internationally, sustainable financing and investments have grown significantly over the past decade, with benefits including:

  • Support for national policy goals on climate change and the Sustainable Development Goals (SDGs)
  • Enhanced financial system resilience
  • Improved market efficiency
  • Increased attractiveness as investment destinations

Regulatory Frameworks and Investment Products

As policymakers develop sustainable finance policies, regulatory frameworks and investment products must comply with obligations to be sustainable, inclusive, and address ESG issues. Corporate ESG disclosures are a crucial aspect of this process.

International Developments

Internationally, some securities and finance sector regulators have issued corporate ESG disclosure policies to ensure compliance with SDGs. These disclosures refer to the regulatory measures that define obligations for publishing current and forward-looking data and analysis on key ESG issues. Companies operating in the securities market must comply with these regulations.

Corporate ESG Disclosures

Corporate ESG disclosures can include:

  • Quantitative and qualitative ESG data
  • Analysis on a company’s sustainability performance, which may be integrated with financial and corporate performance disclosures
  • This information is essential for investors when making investment decisions and for policymakers to ensure companies are fulfilling their fiduciary duties.

The Role of the TTSEC

The TTSEC supports the regulation of sustainable financing and will continue to provide updates as it develops in our jurisdiction. To learn more about the securities market and the role and functions of the TTSEC, visit www.ttsec.org.tt.

Investor Education Resources

For investor education resources, including:

  • The Investor Protection Mobile Application
  • Online course
  • Interactive investing game InvestorQuestTT visit www.investucatett.com and download from the Google Play and Apple Store. Follow us on social media platforms Facebook, Twitter, Instagram, LinkedIn, or YouTube for more information.

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