Photo of Daniel Nevzat (UK)

On 8 September 2023, the Green Technical Advisory Group (GTAG) published the following two reports:

The objective of this paper is twofold. Firstly, it provides the GTAG’s recommendations on how activities previously considered environmentally sustainable, i.e., ‘green’, are affected

On 7 September 2023, the FCA published its response to the International Sustainability Standards Board’s (ISSB) request for information in its consultation on agenda priorities.

The ISSB issued the consultation in May 2023, seeking feedback on its priorities for its next two-year work plan following the publication of the first two standards (IFRS

On 7 September 2023, the Network for Greening the Financial System (NGFS) published the beta version of its conceptual framework for nature-related financial risks to guide policies and action by central banks and financial supervisors.

The framework creates a shared science-based understanding of, and common language for, nature-related financial risks to help central

On 6 September 2023, the European Central Bank (ECB) published Occasional Paper No 328 – The road to Paris: stress testing the transition towards a net-zero economy.

The ECB states that this Occasional Paper contributes to the field of climate stress testing by introducing the following three key innovations:

  • The design of

On 5 September 2023, the Financial Services Consumer Panel (FSCP) published a final report on financial services firms’ personal data use, in which it considers whether that use is leading to bias and detriment for consumers with protected characteristics.

The report addresses the assumption that some groups of consumers are experiencing bias and

On 4 September 2023, the European Central Bank (ECB) published the keynote speech, given by Frank Elderson, Member of the ECB Executive Board and Vice-Chair of the ECB Supervisory Board, delivered at the ECB legal conference. The speech addressed the risks of climate and environment-related litigation for the banking sector.

In his

We have published our latest ESG updater, tracking regulatory developments in the ESG space over the last month.

Should you wish to receive the updater please contact Haney Saadah.

For further updates on regulatory developments in the ESG space please visit our Financial Services Regulatory Developments in ESG hub.

On 2 August 2023, the Department for Business and Trade (DBT) issued guidance on the UK government’s framework to create UK Sustainability Disclosure Standards (UK SDS) by assessing and endorsing the global corporate reporting baseline of the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB).