Consultations & Letters
CIBAFI GHG Measurement
The RFI Foundation responded to an exposure draft related to the CIBAFI Greenhouse Gas Measurement Tool for Islamic Financial Institutions. The comment primarily focuses on the alignment of proposed standards with the unique characteristics of Islamic financial institutions (IFIs), concerns related to PCAF requirements for reporting scope 3 emissions, and considerations regarding the timeline and convergence with global standards.
Transition Plans Task Force: Bank Sector Guidance
RFI provided comment on the sector guide for Banks under the Transition Plan Taskforce guidance. The topic on which our comment is focused is whether users of the transition plans that this guidance is designed to serve will benefit from the application of a materiality threshold for ‘shall’ items.
ISSB: IFRS S2 Climate-related Disclosures
The RFI Foundation commented on the International Sustainability Standards Board (ISSB)’s invitation to comment on the IFRS S2 Climate-related Disclosures Standard.
Basel Committee: Principles for the effective management and supervision of climate-related financial risks
The RFI Foundation responded with comments in relation to the BCBS’s Consultative Document’s questions relating to the management and supervision of climate-related financial risks.
Oman CMA Bonds & Sukuk Regulations
RFI Foundation responded to public comment on draft regulations for bonds & sukuk issued by the Capital Markets Authority that includes a section on Financing Responsible & Sustainable Investment and thank you for the opportunity to comment.