News & Analysis as of

Sustainable Finance Environmental Social & Governance (ESG)

K&L Gates LLP

Europe: UK FCA Plans to Streamline UK Sustainability Reporting

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Following a multi-firm review of sustainability reporting, the FCA has announced that it is considering how to streamline and enhance the UK’s sustainability reporting framework by simplifying disclosures, easing unnecessary...more

A&O Shearman

Transition Finance Update: Creating a Global Framework for Entity-level Transition Finance

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The UK Transition Finance Council (TFC) is consulting until September 19, 2025 on Guidelines on providing entity-level transition finance (Guidelines) to high-emitting and hard to abate sectors....more

Hogan Lovells

ESG and Defence in the UK and EU – navigating the politics and legal requirements to include defence projects in sustainable...

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Increasing global security concerns (coupled with changes on the global political scene) have led governments to increase their budgets for defence spending. In this briefing we consider how compatible defence sector...more

BCLP

The Race to Net-Zero: Who Holds the Key to Unlocking Billions of Further Carbon Funding?

BCLP on

The global carbon credit market is enormous – it is valued between a range in the hundreds of billions to trillions U.S. dollars - and split between two distinct markets, compliance (regulated) and voluntary...more

Hogan Lovells

California accelerates towards GHG Disclosures in advance of 2026 Deadlines with Regulatory Timeline and Litigation Win (SB 253...

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The California Air Resources Board (CARB) is forging ahead in implementing what the Agency now refers to as “the 200s”—the Climate Corporate Data Accountability Act (SB 253) and the Climate Related Financial Risk Act (SB...more

A&O Shearman

ESMA and the European Environment Agency Sign MoU to Strengthen Cooperation in Sustainable Finance

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The European Securities and Markets Authority (ESMA) and the European Environment Agency (EEA) have announced the signing of a Memorandum of Understanding (MoU) to enhance cooperation in the area of sustainable finance. The...more

A&O Shearman

FCA Update on Sustainability-linked Loans Market

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The UK Financial Conduct Authority (FCA) published a letter to heads of sustainable finance on the sustainability-linked loan (SLL) market and by way of update since the FCA's previous letter on this topic in 2023. The FCA...more

A&O Shearman

UK FCA Findings on Climate Reporting Under the TCFD Regime

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The UK Financial Conduct Authority (FCA) has published the findings from its multi-firm review of climate reporting by asset managers, life insurers and FCA-regulated pension providers under the Taskforce on Climate-related...more

K&L Gates LLP

Australia: Climate-Related Transition Plans–Governing for Net Zero Across the Board

K&L Gates LLP on

On 16 July 2025, The Australian Council of Superannuation Investors (ACSI) and the Australian Institute of Company Directors (AICD) published guidance on Governing for Net Zero: The Board’s Role in Organisational Transition...more

Mintz

Denmark's Largest Bank Maintains Climate Commitment and Divests from Over 1700 Fossil Fuel Companies

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Last week, Danske Bank--Denmark's largest bank--announced that it would no longer invest in over 1700 fossil fuel companies due to their failure to adequately prepare for climate change. Specifically, their “investment...more

Ropes & Gray LLP

ISS Announces Update of E&S Disclosure QualityScore Methodology, Coming in September

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ISS has announced that it will be updating its Environmental & Social Disclosure QualityScore (ESQS) scoring methodology. ESQS covers approximately 8,000 issuers across 25 industry groups in the Americas, Europe and...more

A&O Shearman

ESAs update SFDR Q&As

A&O Shearman on

The European Supervisory Authorities—the European Banking Authority, European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority—have published an updated version of their...more

Ropes & Gray LLP

Summer of CSRD Redux: An In-depth Look at EFRAG’s Proposed Changes to the ESRS 1 General Requirements Standard

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As many of our readers will remember, during summer 2023, we published a 10+-part series that examined the requirements of ESRS 1, which is the cross-cutting standard that contains the general requirements for reporting under...more

Blake, Cassels & Graydon LLP

Projets de conversion de dette pour la nature : Nouvelles normes de pratique à adhésion volontaire

Information générale En juin 2025, un groupe d’organismes de conservation, présidé par The Nature Conservancy, a publié de nouvelles normes de pratique à adhésion volontaire pour les projets de conversion de dette, intitulé...more

A&O Shearman

EC adopts recommendation on a voluntary sustainability reporting standard for SMEs

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The European Commission (EC) has adopted a recommendation on a voluntary sustainability reporting standard for small and medium-sized enterprises (SMEs). The recommendation serves as an interim measure ahead of a formal...more

Jones Day

FCA Publishes Its Findings On TCFD Climate Reporting Following A Multi-firm Review

Jones Day on

On August 6, the UK Financial Conduct Authority ("FCA") released its findings following a multi-firm review of climate reporting by asset managers, life insurers and FCA-regulated pension providers....more

A&O Shearman

ECON adopts opinion on Omnibus I sustainability package

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The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has adopted its opinion on the Omnibus I package that proposes targeted amendments to key directives on corporate sustainability reporting and due...more

Hogan Lovells

European Supervisory Authorities (ESAs) update consolidated Q&As on the SFDR (UPDATED)

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On 4 August 2025, the European Supervisory Authorities (ESAs) updated the consolidated Q&As on the Sustainable Finance Disclosure Regulation (“SFDR”) and SFDR RTS (the “SFDR RTS”). The ESAs have clarified how to interpret...more

Blake, Cassels & Graydon LLP

Debt-for-Nature Conversion Projects: New Voluntary Practice Standards

Background In June 2025, a group of conservation organizations, chaired by The Nature Conservancy, published a new set of voluntary practice standards for debt conversion projects: the Practice Standards for Debt Conversion...more

Proskauer - Regulatory & Compliance

New SFDR Clarifications Published by the European Supervisory Authorities

On 4 August 2025, the European Supervisory Authorities (“the ESAs”) published updated guidance on the application of the Sustainable Finance Disclosure Regulation (“SFDR”) by adding to their Q&A. Below, we break down the...more

Mintz - Energy & Sustainability Viewpoints

Sustainable Energy & Infrastructure Client Feature — August 2025

This month, we’re pleased to feature our client, The Metals Company (TMC). TMC is a leading explorer of the world’s largest undeveloped resource of critical metals essential to energy, defense, manufacturing, and...more

Walkers

Irish Asset Management & Investment Funds ESG newsletter: Quarter 3, 2025

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Welcome to the latest edition of our ESG newsletter. In this issue we identify a number of key highlights from European legislative and regulatory developments as well as updates from the wider sustainable finance...more

Proskauer - Regulatory & Compliance

Sustainability Under the Microscope: ESMA’s Reality Check

On the 30 June 2025, the European Securities and Markets Authority (“ESMA”) published its final report on the 2023–2024 Common Supervisory Action (“CSA”) on the integration of sustainability risks and disclosures. This...more

A&O Shearman

EBA consults on revision to POG guidelines for ESG retail banking products

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The European Banking Authority (EBA) has published a consultation paper on proposed revisions to its product oversight and governance (POG) guidelines for retail banking products. The EBA considers the update necessary in...more

Mayer Brown Free Writings + Perspectives

Capital Markets Insight: The Brazilian Sustainable Debt Market – A Cross-Border Regulatory Perspective

Sustainable debt issuances by Brazilian companies in both domestic and international markets have steadily increased. Abroad, the combined volume of green, social, and sustainability bonds issued by Brazilian corporates,...more

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