The UK General Election on 4 July 2024 resulted in a change of government in the UK. This has meant that the usual summer slowdown has been replaced with a flurry of activity as new ministers pick up portfolios and start to...more
June 2024 was another busy month for ESG regulation both in the EU and internationally. In the EU, the ESAs have published their final reports on greenwashing in the financial services sector and an opinion on the assessment...more
May 2024 was another busy month for ESG regulation both in the UK, EU and internationally. In the UK, the anti-greenwashing rule came into effect on 31 May 2024, an update on the Sustainability Disclosure Requirements (SDR)...more
April 2024 has been another busy month for ESG regulation both in the UK, EU and internationally. Key developments include the long-awaited Financial Conduct Authority (FCA) finalised guidance on the UK anti-greenwashing...more
Our latest ESG regulatory round-up highlights the key UK, EU and international financial services regulatory developments during Q1 2024. Key ESG developments this quarter include the publication of the FCA’s Business Plan...more
The growth in size and influence of ESG ratings and data markets coupled with concerns about the transparency and credibility of ESG ratings and data products have led to IOSCO developing recommendations to regulators and ESG...more
As we enter 2024, we have looked back to Q4 2023 to reflect on the range of momentous ESG regulatory developments and to look at how they will impact ESG regulatory developments throughout this year. Key developments at the...more
Hogan Lovells and the City of London are delighted to present this joint report on international climate action forums and the pivotal roles that they play in shaping climate policies and sustainable finance strategies...more
The submission window on a second Australian government consultation paper on climate change disclosure closed on 21 July 2023. Climate-related disclosure obligations look set to be introduced in three phases from 2024...more
In this second article in the series, we look at TCFD-aligned reporting and the TCFD recommendations: who they apply to, why they are needed and what is required by them....more
In this alert, we provide a round-up of the latest developments in ESG for UK corporates. In this month’s ESG Market Alert, we cover: Market Practice Update: Harnessing ESG opportunities in private equity EU Parliament...more
As we reach the midway point of 2023, the Hogan Lovells Sustainable Finance and Investment practice thought it would be useful to provide a review of recent key ESG developments from March-June 2023 to assist with navigating...more
7/10/2023
/ Banking Sector ,
Banks ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
HM Treasury ,
International Capital Markets Association (ICMA) ,
Popular ,
Sustainability ,
Sustainability-Linked Loans (SLLs) ,
UK
Private equity general partners (GPs) are facing increasing pressure from their investors (LPs) to prioritise environmental, social and governance issues. This shift presents significant opportunities for LPs to invest in...more
On 13 June 2023, the European Commission published a new sustainable finance package. In particular the package of measures included (i) recommendations in respect of facilitating transition finance, (ii) a proposal in...more
Environmental, Social and Governance (ESG) promises to drive business decision making in 2023 and impact how companies plan, operate and report.
The complex and rapidly-evolving world of ESG is set to remain a priority for...more
4/28/2023
/ Biodiversity ,
Business Plans ,
Business Strategies ,
Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Diversity and Inclusion Standards (D&I) ,
Environmental Social & Governance (ESG) ,
Green Finance ,
Policies and Procedures ,
Sustainability ,
Sustainable Finance
The European Commission has published a call for feedback on proposals for a new set of EU Taxonomy criteria for the remaining environmental objectives. In addition, the European Commission has published the EU Taxonomy...more
In this alert, we provide a round-up of the latest developments in ESG for UK corporates...more
The FCA has confirmed that it is delaying its final rules and policy statement in relation to the Sustainability Disclosure Requirements and investment labels proposals from the end of June 2023 to Q3 2023....more
ESG developments have continued at a steady pace throughout February with ESG remaining squarely on the financial services regulatory agenda in the UK, EU and internationally. In this edition, we share the latest regulatory...more
The Treasury Sub-Committee on Financial Services Regulations has opened an Inquiry into greenwashing and sustainability disclosure requirements following the FCA’s SDR and labelling proposals in FCA CP22/20 which concluded...more
The outlook for 2023 looks uncertain, following another tumultuous year. The collapse of a number of large cryptocurrency exchanges has shone another spotlight on the digital asset market. The financial system’s resilience...more
On 10 February 2023, the UK’s Financial Conduct Authority (FCA) published a discussion paper on finance for driving positive sustainable change. The discussion paper considers firms’ sustainability-related governance...more
2023 is here and ESG developments have continued apace throughout January with ESG remaining squarely on the financial services regulatory agenda in the UK and internationally. In this edition, we share the latest key focal...more
As we round up 2022, December has remained lively in terms of ESG and sustainability-related disclosures developments in the UK, EU and internationally. This round-up provides a summary of the key updates over the past month...more
It has been a lively month for ESG and sustainability-related disclosures in the UK, EU and internationally with the adoption of the CSRD, the first draft of the ESRS and the conclusion of COP27. This monthly round-up...more