A Commission Notice was published in the Official Journal of the European Union on the interpretation and implementation of certain legal provisions of the EU Taxonomy Environmental Delegated Act, the EU Taxonomy Climate...more
On 8 January 2025, the EU Platform on Sustainable Finance (PSF) published a draft report and launched a call for feedback on proposed updates to the EU taxonomy. This includes revisions to the Climate Delegated Act and new...more
On 17 December 2024, the EU Platform on Sustainable Finance (the “Platform”), an advisory body to the European Commission (the “Commission”), has published a briefing note to the Commission, outlining their proposals for a...more
This edition includes a financial reporting and auditing update for audit committees, highlights from the KPMG 2024 US CEO Outlook, view on the post-election geoeconomic forecast, CEO succession planning, and the latest in...more
Taxonomies will play a critical role in channelling investment towards sustainable activities. But while alignment between frameworks is critical , a one-size-fits-all approach can never be effective....more
The Taxonomy aims to define green and transition economic activities to identify and allocate capital to sustainable projects and initiatives. On 3 December 2023, the Monetary Authority of Singapore (MAS) unveiled the...more
REGULATORY ISSUES & UPDATES - Mandatory Climate Change Reporting Requirements Under the New European ESRS E1 - The implementation of the European Sustainability Reporting Standards poses risks for reporting companies,...more
The UK government (the “Government”) has long spoken of its commitment to tackling greenwashing and creating the world’s first net-zero emissions financial centre. Read more about this in our client alert on the “Green...more
The SBTi’s standard aims to clarify the target for net zero emissions, whilst the Common Ground Taxonomy indicates China-EU cooperation on sustainable finance issues. Last month, the Science Based Targets initiative...more
Um die in der von der UN verabschiedeten Agenda 2030 und dem Pariser Klimaschutzabkommen festgelegten Ziele, insbesondere den Übergang zu einer CO2-armen, nachhaltigeren, ressourceneffizienten Kreislaufwirtschaft mit dem Ziel...more
The EU Taxonomy Regulation has been in force since 2020, but a critical element of the Regulation – the Technical Screening Criteria (TSC) – has yet to be formally agreed. The European Commission’s announcement on 21 April...more
European Commission issues first Delegated Act in the much-debated Taxonomy, moving forward with a multi-step approach in determining which activities are classified as sustainable. Nuclear energy, natural gas and...more