The Final Report recommends five themes that financial institutions should incorporate into their net zero transition strategies.
On 1 November 2022, the Glasgow Financial Alliance for Net Zero (GFANZ) issued its Final...more
The FCA hopes the proposals will protect consumer trust in ESG-related financial products and help consumers navigate the increasingly complex ESG-related financial market.
On 25 October 2022, the UK’s Financial Conduct...more
The outcome of the review may signal what climate-related laws and policies to expect in the UK in the coming years.
On 8 September 2022, newly appointed UK Prime Minister Liz Truss announced that Chris Skidmore MP, a...more
9/27/2022
/ Climate Change ,
Disclosure Requirements ,
Emissions Trading System ,
Environmental Policies ,
EU Directive ,
Greenhouse Gas Emissions ,
Net Zero ,
SFDR ,
Sustainability ,
Sustainable Business Practices ,
UK
The second version includes guidance on metrics and how companies can conduct dependency and impact evaluation.
On 28 June 2022, the Taskforce on Nature-related Financial Disclosures (TNFD) released version 0.2 of its...more
The announcement underscores the continued focus on carbon capture, utilisation, and storage in UK energy policy in recent years.
On 6 July 2022, the UK government introduced the Energy Security Bill (the Bill) to...more
The FCA emphasised the increasing prevalence of providers and the potential harm from lack of regulation in this area.
In June 2022, the UK’s Financial Conduct Authority (FCA) issued a Feedback Statement in response to a...more
HM Treasury’s Transition Plan Taskforce aims to influence international standard setting and make the UK the world’s first net zero-aligned financial centre.
On 25 April 2022, HM Treasury (HMT) announced the launch of...more
Market participants can expect the initiative’s proposals to offer guidance on setting targets for emissions reduction and decarbonisation.
On 12 January 2021, the Science Based Targets initiative (SBTi) published its...more
Dealmakers should continue to weigh the impact of ESG issues on M&A deals as ESG standards evolve.
Environmental, social, and governance (ESG) issues have become increasingly important for corporates in recent years,...more
1/11/2022
/ Acquisitions ,
Climate Change ,
Corporate Governance ,
Data Privacy ,
Diversity and Inclusion Standards (D&I) ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
Green Finance ,
Human Rights ,
IFRS ,
Indemnification Clauses ,
Mergers ,
Modern Slavery Act ,
Private Equity ,
Reporting Requirements ,
Representations and Warranties ,
Supply Chain ,
Sustainability ,
UK
Truly Green? CMA Continues to Evolve Guidance and Metrics for Companies’ Environmental Claims -
The Competition and Markets Authority’s (CMA’s) Green Claims Code (the Code) and final guidance (the Guidance) on...more
12/22/2021
/ Climate Change ,
Coronavirus/COVID-19 ,
Disclosure Requirements ,
EU ,
Green Marketing ,
Net Zero ,
New Guidance ,
Regulation Technical Standards (RTS) ,
Sustainability ,
Taxonomy ,
UK ,
UK Competition and Markets Authority (CMA)
The triggering of the CCM under the UK ETS and ongoing consultations under UK Reach signal speedbumps in the transition process.
On 30 November 2021, the UK government’s Department of Business, Energy and Industrial...more
12/16/2021
/ Cap-and-Trade ,
Climate Change ,
Consultation ,
Emissions Trading System ,
Environmental Policies ,
EU ,
EU ETS ,
Fuel Supply ,
Greenhouse Gas Emissions ,
Oil & Gas ,
Regulatory Agenda ,
Toxic Chemicals ,
UK ,
UK Brexit
The association noted that regulators could provide market participants with much-needed additional trust in ESG ratings and data.
On 23 November 2021, the International Organization of Securities Commissions (IOSCO)...more
11/30/2021
/ Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
Information Reports ,
IOSCO ,
Jurisdiction ,
Market Participants ,
Publicly-Traded Companies ,
Ratings ,
Securities Regulation ,
UK
The government also introduced transition plan requirements for companies to meet the UK’s 2050 net zero target.
On 3 November 2021, the International Financial Reporting Standards (IFRS) Foundation Trustees Chair, Erkki...more
11/9/2021
/ Administrative Review Board ,
Climate Change ,
Corporate Governance ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
IFRS ,
International Regulatory Standards ,
Net Zero ,
Proposed Legislation ,
Public Policy ,
Sustainability ,
Sustainable Business Practices ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
The strategy sets out plans to reduce emissions from key sectors of the UK economy to ensure that the UK remains on track for net zero by 2050.
On 19 October 2021, the UK government published its climate change strategy,...more
10/25/2021
/ Carbon Emissions ,
Climate Change ,
Energy Sector ,
Environmental Policies ,
Fuel Supply ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Natural Resources ,
Net Zero ,
Paris Agreement ,
Real Estate Development ,
Transportation Industry ,
UK
The guidance offers clarification on key aspects of the TCFD’s recommendations on climate reporting.
On 14 October 2021, the Task Force on Climate-related Financial Disclosures (TCFD) released a new guidance document on...more
10/22/2021
/ Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Green Finance ,
Publicly-Traded Companies ,
Reporting Requirements ,
Sustainable Business Practices ,
Sustainable Finance ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
The roadmap introduces sustainability disclosure requirements for UK companies and reveals further developments in relation to a UK Green Taxonomy.
On 18 October 2021, the UK government released a report titled “Greening...more
10/21/2021
/ Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Green Finance ,
IFRS ,
Investors ,
Publicly-Traded Companies ,
Sustainability ,
Sustainable Business Practices ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
Green shoots emerge as PE firms consider new ways to incorporate ESG into dealmaking.
Market sentiment and the increasing importance of environmental, social, and governance (ESG) to firms’ competitiveness across the...more
10/7/2021
/ Climate Change ,
Consultation ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Reporting ,
General Partnerships ,
Limited Partnerships ,
Private Equity ,
Private Equity Funds ,
Publicly-Traded Companies ,
SFDR ,
Sustainable Business Practices ,
UK
The report’s recommendations cover a number of areas, including culture and strategy, monitoring and reporting, investor engagement, policy formation and employee training, and philanthropy.
A new report from the UK...more
Sponsors should consider leveraging technologies and diligence practices to tackle today’s increasingly complex supply chains.
Global supply chains have come under significant pressure in recent years, compounded by the...more
FCA director highlights areas of concern in relation to ESG reporting and provides recommendations.
Richard Monks, Director of Strategy at the UK Financial Conduct Authority (FCA), recently delivered a speech on the...more
The UK Government presents initiatives designed to green the UK economy and bolster attractiveness as an international financial centre.
On 9 November 2020, Rishi Sunak, Chancellor of the Exchequer, announced several...more
11/11/2020
/ Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Policies ,
Financial Instruments ,
Financial Services Industry ,
Green Bonds ,
Green Finance ,
Popular ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
Transitional Arrangements ,
UK ,
UK Brexit
The delay may complicate the regulatory landscape for sustainable finance as the EU moves toward a standardized classification system.
The UK government (government) has delayed a decision on whether it will adopt the...more
How can deal teams capitalise on the latest trend in the deal insurance market to improve bid success?
The emergence of contingent risk insurance policies, which address known risks that would otherwise be excluded from...more
Sustainable finance and its surrounding infrastructure offers growing potential for deals and green innovation.
The global sustainable finance market has expanded rapidly in recent years, approaching US$320 billion in new...more
12/9/2019
/ Acquisitions ,
Asset Management ,
Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Debt Market ,
Environmental Social & Governance (ESG) ,
EU ,
Green Bonds ,
Green Finance ,
Investment ,
Mergers ,
Private Equity ,
Private Equity Funds ,
Publicly-Traded Companies ,
Sustainability ,
UK ,
United Nations
The revised Code is likely to encourage a more robust and substantive review of ESG issues by institutional investors.
Background -
The UK Stewardship Code (the Code) was originally published in 2010 following a review...more