In what was dubbed ‘Energy Security Day’, on 30 March 2023, the UK Government released an extensive suite of publications outlining plans to support the country’s legally binding net-zero target by 2050. This included the...more
The ESG reporting landscape has accelerated significantly in the past five years, with the nature and scale of reporting requirements changing. This article discusses recent trends around entity-level and product-level...more
A fundamental shift is under way to embed sustainability into everyday corporate decision-making. This will require changes to governance regimes – and a new focus on directors’ duties....more
The trade finance market is undergoing a radical transformation in terms of environmental, social and corporate governance (ESG). In this Industry Perspective, two lawyers at Allen & Overy – Niels de Ru, partner in Amsterdam,...more
ESMA has published a new "Sustainable Finance Roadmap 2022-2024" setting out its strategic priorities and key planned actions for the next three years.
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In the context of COP26, the UK has taken the opportunity to issue an array of documents and proposals, hoping to establish its credentials (post Brexit) as a leading light on ESG and climate change, and a rival to the EU,...more
The European Commission has finalised its proposed ESG-related changes to MiFID II. These are intended to fit together with SFDR, and are part of a suite of ESG related changes being made via amends to AIFMD, the UCITS...more
As appetite in the market for “green” and ESG badged products grows and grows, so too grows the number of legislative and regulatory initiatives intended to prevent or mitigate the risk of greenwashing.
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A broad range of sustainability issues are now clearly affecting the way some investors assess potential M&A deals and allocate capital. But many are only just getting to grips with the fast-evolving environmental, social and...more
The most innovative and challenging aspect of the EU’s Sustainable Finance Disclosure Regulation (SFDR) is probably the new principal adverse impacts or PAI regime. This is being introduced in stages, starting from 10 March...more
The new principle adverse impacts or PAI regime is one of the most challenging elements of the EU’s Sustainable Finance Disclosure Regulation (SFDR). It will require relevant firms to provide extensive disclosures on various...more
The European Commission published its long-awaited Strategy for Financing the Transition to a Sustainable Economy (the Strategy) today.
The Strategy was announced as part of the European Green Deal in 2019 (originally...more
7/7/2021
/ Corporate Governance ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
Popular ,
Regulation Technical Standards (RTS) ,
SFDR ,
Small and Medium-Sized Enterprises (SMEs) ,
Sustainability
An EU-wide sustainability reporting standard has been proposed by the European Commission ahead of a possible new international reporting standard on sustainability. The EU proposals expand the scope of non-financial...more
The impact of the pandemic in 2020 has certainly pushed securities lending activity and the short side of the market under a microscope.
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As Firms continue to implement SFDR, which applies on 10 March 2021 across the EU, our latest Great Fund Insights client alert gives further detail on the Regulatory Technical Standard and how firms can make sense of the new...more
The Financial Conduct Authority (FCA) has implemented a new Listing Rule applicable to premium listed commercial companies which is designed to help users of their financial statements understand how they are managing...more
The European Commission and other bodies continue to press ahead with an ambitious Environmental, Social and Governance (ESG) sustainability agenda, with a number of further initiatives in the pipeline.
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As a further step in the roll out of its green agenda, the European Commission is shortly expected to finalise certain ESG related changes to MiFID II, AIFMD and the UCITS Directive. These will contain various requirements,...more