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ECB and IMF Call to Avoid Fragmentation in Global ESG-Related Disclosure Requirements

The call highlights the challenges in developing alignment between global ESG reporting standards. The European Central Bank (ECB) and the International Monetary Fund (IMF), two of the world’s leading public financial...more

Navigating the Shifting ESG Landscape and Its Impacts on Value Chains

Companies should be prepared for increasing demand to factor ESG into their value chains as well as new mandates from government authorities. Latham & Watkins is pleased to introduce a series of Clients Alerts on ESG and...more

California Gender Board Diversity Law Is Held Unconstitutional

The law suffers the same fate as the California board diversity law requiring directors from “underrepresented communities.” On May 13, 2022, Los Angeles Superior Court Judge Maureen Duffy-Lewis issued a ruling in Crest...more

ISSB Announces Working Group and Forum to Coordinate with Country-Specific ESG Reporting Standards

The two new bodies are expected to help harmonise standards in different jurisdictions to meet investor demand for comparable ESG information. On 27 April 2022, the International Sustainability Standards Board (ISSB)...more

EU Issues Call for Evidence on the ESG Ratings Market

The Call for Evidence is one of a number of measures the EU is taking as it aims to strengthen the reliability of ESG ratings. On 4 April 2022, the European Commission (Commission) published a call for evidence (Call for...more

California Board Diversity Law Requiring Directors From “Underrepresented Communities” Is Held Unconstitutional

The California gender board diversity law may suffer the same fate. On April 1, 2022, Los Angeles County Superior Court Judge Terry A. Green issued a summary judgment order finding that California Corporations Code §...more

Disclosing Climate-Related Risks and Metrics Under the SEC’s Proposed Rule

What the proposed rule would mean for registrants and their filings with the SEC. The US Securities and Exchange Commission’s proposed climate disclosure rule, approved by a 3–1 vote on March 21, 2022, is the agency’s...more

SEC Proposes Extensive Climate Change Disclosure Regulations

The proposed rules would require significant, detailed new climate-related disclosures in annual reports and prospectuses. On March 21, 2022, by a 3-1 vote, the US Securities and Exchange Commission (the SEC or the...more

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