News & Analysis as of

Sustainable Finance Environmental Social & Governance (ESG) United Kingdom

A&O Shearman

FCA statement on sustainability regulations and UK defence

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The UK Financial Conduct Authority (FCA) has published a statement confirming that there is nothing in its rules, including its sustainability rules, that prevents investment in or finance for defence companies. The FCA...more

Eversheds Sutherland (US) LLP

FundsTrack: Private funds market insights - 2025 report

We are delighted to present the 2025 edition of our award-nominated private funds report, "FundsTrack: Trends in the Private Funds Market." 2024 was yet again an interesting time for private funds. Multiple elections...more

A&O Shearman

UK FCA expectations for authorised fund applications published

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The UK Financial Conduct Authority (FCA) has published information setting out its expectations for firms applying for collective investment schemes to be authorised as authorised unit trusts, authorised contractual schemes...more

Proskauer - Regulatory & Compliance

Parked: The Extension of the UK’s Sustainability Disclosure Requirements to Portfolio Managers

On 14 February 2025, the Financial Conduct Authority (the “FCA”) updated its webpage on consultation paper (CP24/8) on extending the sustainability disclosure requirements (“SDR”) and investment labelling regime to portfolio...more

Proskauer - Regulatory & Compliance

One week to go until HM Treasury’s UK Green Taxonomy Consultation closes

HM Treasury published the UK Green Taxonomy Consultation (the ‘‘Consultation’’) on 14 November 2024, and there is one week to go until the consultation window closes on 6 February 2025. The Consultation seeks views on the...more

Pillsbury Winthrop Shaw Pittman LLP

Loan Market Association Publishes Green Loan Terms, Smoothing Path for Green Finance in 2025

The green term sheet accompanies the provisions for green loans previously published at the end of 2024. Environmental, Social and Governance (ESG) principles continue to be a focus for the financial markets. Notably, the...more

Hogan Lovells

UK/EU/International ESG Regulation Monthly Round-Up – December 2024

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As we enter into 2025, we look back to ESG regulatory developments in December 2024 and reflect on the expected legislation for the coming year. We anticipate more regulatory initiatives in 2025, particularly in the UK. In...more

Skadden, Arps, Slate, Meagher & Flom LLP

ESG: A Review of 2024 and Key Trends To Look for in 2025

In this article, we reflect on key trends in ESG over the second half of 2024 and look ahead at trends that may emerge in 2025. We analyze developments in the latter half of 2024, which were similar to those highlighted in...more

A&O Shearman

UK Financial Markets Standards Board transparency draft statement of good practice on the governance of sustainability-linked...

A&O Shearman on

The Financial Markets Standards Board has published a consultation on its transparency draft of its statement of good practice on the governance of sustainability-linked products. SLPs are products whose financial and/or...more

Hogan Lovells

UK Sustainable finance: regulating ESG ratings providers

Hogan Lovells on

On 14 November 2024, the UK government published its consultation response and draft legislation proposals to regulate ESG ratings providers. Entities providing ESG ratings (however named) which are likely to influence...more

Hogan Lovells

Sustainable finance in the UK Mansion House speech lays out ESG developments for 2024

Hogan Lovells on

On 14 November 2024, the Chancellor, Rachel Reeves, set out a number of significant developments in connection with sustainable finance in her Mansion House speech and in related publications. We saw the long awaited...more

A&O Shearman

Financial Stability Board Publishes Letter to G20 Leaders and 2024 Annual Report

A&O Shearman on

The Financial Stability Board has published a letter sent to the G20 leaders ahead of their meeting on November 18, 2024, together with the FSB 2024 annual report...more

A&O Shearman

Outcome of Basel Committee on Banking Supervision November 2024 Meeting

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The Basel Committee on Banking Supervision has set out the outcomes from its meeting on November 19-20, 2024. Key takeaways include: - implementation of Basel III—committee members unanimously reaffirmed their expectation...more

A&O Shearman

Mansion House: Financial Services Growth and Competitiveness Strategy

A&O Shearman on

HM Treasury has launched a call for evidence on a proposed Financial Services Growth & Competitiveness Strategy, a key part of the latest Mansion House reforms. Once developed, the Strategy will serve as the central guiding...more

Proskauer - Regulatory & Compliance

UK Doubles-Down on Sustainable Finance

On 14 November 2024, Rachel Reeves set out in her first Mansion House Speech that “sustainable finance” was to be one of the UK’s five priorities in the government’s Financial Services Growth and Competitiveness Strategy (the...more

A&O Shearman

Mansion House: HM Treasury Consults on UK Green Taxonomy

A&O Shearman on

HM Treasury has published a consultation on developing a U.K. Green Taxonomy to classify sustainable economic activities, with the aim of increasing sustainable investment and reducing greenwashing risk. Responses to the...more

A&O Shearman

Mansion House 2024

A&O Shearman on

Rachel Reeves, the U.K. Chancellor has set out a package of reforms in her Mansion House speech. The reforms aim to drive growth and competitiveness in financial services. Ms. Reeves stated that the regulatory changes...more

Latham & Watkins LLP

Key Takeaways From Rachel Reeves’ Mansion House Speech

Latham & Watkins LLP on

The UK Chancellor announces a growth-focused agenda for financial services. On 14 November 2024, the new Chancellor of the Exchequer, Rachel Reeves, delivered her first Mansion House speech....more

A&O Shearman

Key biodiversity developments and COP16

A&O Shearman on

In this article, we provide an overview of country-led and private sector-driven key developments surrounding the recent United Nations Biodiversity Conference (COP16). The world is progressively recognizing that biodiversity...more

A&O Shearman

Glasgow Financial Alliance for Net Zero Consults on Guidance on Nature in Net-Zero Transition Plans and Index Guidance to Support...

A&O Shearman on

The Glasgow Financial Alliance for Net Zero has published a consultation paper on nature in net-zero transition plans, which supplements the guidance provided in its November 2022 financial institution net-zero transition...more

A&O Shearman

UK Transition Finance Market Review Publishes Recommendations

A&O Shearman on

The U.K. Transition Finance Market Review published its report for scaling transition finance. The report sets out the TFMR's recommendations on how to scale a high-integrity transition finance market that can support both...more

A&O Shearman

UK Climate Financial Risk Forum Publishes Guides on Climate Risk

A&O Shearman on

The U.K. Climate Financial Risk Forum (CFRF) has published three guides to help the financial sector develop its approach to climate-related financial risks and opportunities...more

Latham & Watkins LLP

FCA Pushes Back Deadline for SDR Naming and Marketing Rules

Latham & Watkins LLP on

The regulator is providing temporary flexibility in light of concerns that asset managers need extra time to prepare. On 9 September 2024, the FCA published a statement on its naming and marketing rules under the...more

Katten Muchin Rosenman LLP

ESG Guidepost | Issue 12

Katten ESG Guidepost is a monthly publication highlighting the latest news, legal and regulatory developments involving environmental, social and governance matters....more

Jones Day

UK FCA Publishes Sustainability Disclosure Requirements and Investment Labels

Jones Day on

On November 28, 2023, the UK's Financial Conduct Authority ("FCA") published its long-awaited final rules and guidance on Sustainability Disclosure Requirements ("SDR") and investment labels. According to the FCA, it intends...more

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