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
Following its call for feedback on a draft report, The Platform on Sustainable Finance, an advisory body to the European Commission (EC) has published a final report on technical criterial for new activities and first review...more
On 5 February 2025, the EU Platform on Sustainable Finance (the ‘‘Platform’’) published a report with recommendations on how to simplify the EU Taxonomy (the ‘‘Report’’). The EU Taxonomy is the EU’s classification system for...more
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
On May 3, 2024, the Interinstitutional Committee for the Brazilian Sustainable Taxonomy (CITSB)—keeping with its goal of coordinating the development of the Brazilian Sustainable Taxonomy—published its first set of...more
How to accelerate the transition to a sustainable economy is a hot regulatory topic for most major economies around the world – and is set to continue ascending the agenda in the years to come. As sustainability-related...more
Creating an effective regulatory framework will be critical to deliver Net Zero. But does that mean more – or less – regulation? From trade agreements to taxonomies, carbon adjustment mechanisms to corporate sustainability...more
The European Commission (the Commission) has published two consultations to both evaluate and assess enhancements to the EU’s Sustainable Finance Disclosure Regulation (SFDR). Open until 15 December 2023, the Commission is...more
On June 13, 2023, the European Commission published “a new package of measures to build on and strengthen the foundations of the EU sustainable finance framework.” The aim is to ensure that the EU sustainable finance...more
On 13 June the European Commission (the Commission) published a new package of measures to bolster the EU sustainable finance framework. Its aim is to: “ensure that the EU sustainable finance framework continues to...more
In this episode, the second in our three-part EU ESG Considerations for Beginners miniseries, Akin Gump financial regulatory partner Ezra Zahabi looks at the EU’s Taxonomy Regulation and what it means for business. Among...more
Our previous Client Alert of 10 March 2021 discussed the Sustainable Finance Disclosure Regulation (SFDR) and its implications for the real economy. This Client Alert reviews how EU Regulation 2020/852 on the...more
The focus on environmental, social and governance (ESG) issues grew considerably in 2020, in part due to significant regulatory developments. Takeaways - Financial services businesses and other UK companies will still...more
Recent regulatory developments of interest to all financial institutions. Includes COVID-19 and Brexit-related updates, and more. ...more