Popular, Climate Change, Financial Services Industry

Ratings Agency Announces That It Will Analyze Physical Climate Risk When Evaluating Certain Assets

Mintz on 6/11/2025

Recently, Fitch Ratings issued a discussion paper that outlined a “contemplated framework for the analysis of physical climate risk for [Structured Finance] and [Covered Bonds] for the potential negative implications of...more

Horizon - ESG Regulatory News and Trends - June 2025

DLA Piper on 6/2/2025

EPA announces details of its reorganization. On May 2, the EPA announced a major reorganization that will eliminate several key offices, including the Office of Atmospheric Protection (OAP), Office of Air Quality Planning and...more

UK regulators give update on timing of ESG regulatory initiatives

Hogan Lovells on 4/17/2025

A new edition of the Regulatory Initiatives Grid, which sets out details of current and planned regulatory initiatives for all the regulators affecting the financial services sector, has been published. It includes details of...more

EU Omnibus: The EU Taxonomy – Why?

Paul Hastings LLP on 4/17/2025

In 2018, the European Commission set forth a classification system to determine whether businesses are environmentally sustainable. The EU Taxonomy followed the legalistic style of the French Civil Code and flummoxed...more

March 2025 ESG Policy Update—Australia

K&L Gates LLP on 4/15/2025

Australian Update - Resistance to Australian Securities Exchange Corporate Governance Council’s Diversity Reforms Signals Decline in Environment, Social and Governance Commitment - The recent decision by the Australian...more

Horizon ESG Regulatory News and Trends - January 2025

DLA Piper on 1/29/2025

US exits Paris Agreement after submitting Nationally Determined Contributions. In mid-December, the Biden Administration announced it submitted the US target under the Paris Agreement: cutting net carbon emissions by 61 to 66...more

Horizon - ESG Regulatory News and Trends - December 2024

DLA Piper on 12/18/2024

Welcome to Horizon, DLA Piper’s monthly bulletin reporting on late-breaking legislative and policy developments in ESG. Our aim is to scan the litigation, enforcement, and regulatory horizon to help inform business decisions....more

November 2024 ESG Policy Update—Australia

K&L Gates LLP on 12/16/2024

Australian Update - Appointment of the Inaugural Australian Anti-Slavery Commissioner - On 11 November 2023, the Attorney-General announced the appointment of Chris Evans as the inaugural Australian Anti-Slavery Commissioner...more

Brussels Regulatory Brief: November 2024

K&L Gates LLP on 12/13/2024

On 29 October 2024, the European Union and the UK government finalized the technical discussions on a competition cooperation agreement. This agreement will enable closer cooperation between the UK Competition and Markets...more

Trump's Second Term: What's Ahead for Eight Key Sectors?

Venable LLP on 11/8/2024

During a campaign season that saw an incumbent president bow out of his own re-election bid and assassination attempts against his challenger, substantive policy debates were sometimes obscured by the drama. ...more

Cadwalader Climate - September 2024 #4

Cadwalader, Wickersham & Taft LLP on 9/25/2024

In this week’s edition, we discuss the investor expectations set out by the Finance Sector Deforestation Action for banks to address the financial risks of deforestation; the Voluntary Carbon Markets Integrity initiative’s...more

Horizon - ESG Regulatory News and Trends

DLA Piper on 8/30/2024

Welcome to Horizon, DLA Piper’s regular bulletin reporting on late-breaking legislative and policy developments in ESG. Our aim is to scan the litigation, enforcement, and regulatory horizon to help inform business decisions....more

July 2024 ESG Policy Update—Australia

K&L Gates LLP on 8/20/2024

Australian Update - Proposed Code of Practice to Reduce Modern Slavery Through Lending, Investment and Asset Management - The New South Wales (NSW) Anti-Slavery Commissioner (Commissioner) recently released its discussion...more

Global ESG Insights - May 2024

Eversheds Sutherland (US) LLP on 7/5/2024

Welcome to the latest edition of our monthly ESG Insights providing you with a summary of the key developments from around the world. Global - IFRS Foundation releases jurisdictional adoption guide for ISSB Standards- On...more

2024 Financial Institutions Outlook & Trends

White & Case LLP on 5/14/2024

This article, updated quarterly, looks ahead to the areas expected to be prioritized by financial services regulators across the globe; we look at the key regulatory trends emerging from the past year which inform our...more

Europe Daily News, 20 March 2024

Mayer Brown on 3/21/2024

COMPETITION - Non-opposition to a notified concentration (Case M.11298 - Bilfinger / Stork Europe) - Non-opposition to a notified concentration (Case M.11490 - Blackrock / Canadian Solar / Recurrent Energy)...more

February 2024 ESG Policy Update—Australia

K&L Gates LLP on 3/1/2024

Australian Update - Draft Legislation – Climate-Related Financial Disclosures The Australian Government has released Treasury Laws Amendment Bill 2024: Climate-related financial disclosure, which is draft legislation...more

December 2023 ESG Policy Update - Australia

K&L Gates LLP on 12/27/2023

Australian Update - ASIC to Focus on Net Zero Statements and Targets - On 21-22 November 2023, the Australian Securities & Investments Commission (ASIC) hosted the ASIC Annual Forum, outlining: The progress and outcomes ASIC...more

Sustainable lending – a growing role for Islamic finance and Middle Eastern financiers

A&O Shearman on 11/28/2023

The aims of ESG investing and Islamic Finance structures are already closely – though not perfectly – aligned. Middle Eastern governments are looking to diversify away from oil and gas. This, Samer Eido and Afsha Karim...more

Current Trends in Climate Change Technology Investment

Foley & Lardner LLP on 11/6/2023

As the world grapples with fast-changing weather patterns, wildfires, record-breaking heat, and many other climate-related issues, it is becoming increasingly important to develop the technologies that will help to combat...more

Republicans Unveil Bills Targeting ESG in Securities and Banking

Cadwalader, Wickersham & Taft LLP on 9/7/2023

In late July 2023, House Republicans on the Financial Services Committee introduced four bills targeting various business and market activities that implicate environmental, social, and governance issues. In a statement...more

Climate Suit Against Directors of UK’s Largest Pension Plan Heads to Appeals Court

Cadwalader, Wickersham & Taft LLP on 4/21/2023

A British appeals court will review the 2022 dismissal of a novel lawsuit accusing current and former directors of the United Kingdom’s largest private pension plan of mismanagement for, among other reasons, failing to divest...more

The UK Infrastructure Bank Act 2023 has been passed by Parliament

Hogan Lovells on 4/6/2023

Giving the UK Infrastructure Bank a basis in primary legislation not only sends a message about the intended permanence of UKIB, but also provides greater clarity about its governance, reporting and accountability....more

UK: Updated Green Finance Strategy 2023

Hogan Lovells on 3/31/2023

The government's updated net-zero Green Finance Strategy was published on 30 March 2023. We set out below the key elements of the updated Strategy which focuses on the need for green investment and on opportunities for the...more

Investors Pressure European Banks to End Financing for New Oil and Gas Fields

Cadwalader, Wickersham & Taft LLP on 2/27/2023

On February 7, a group of 30 investors, representing over $1.5 trillion of assets under management, wrote to the CEOs and board chairs of five major European banks “urging them to stop directly financing new oil and gas...more

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