On 12 February 2025, the UK Emissions Trading Scheme (ETS) Authority launched a consultation on proposals for extending the UK ETS beyond the end of Phase I at midnight on 31 December 2030.
Background
The UK ETS is a cap-and-trade scheme that sets an overall limit on emissions for the sectors covered by
On 12 February 2025, the Greenhouse Gas Emissions Trading Scheme (Amendment) (No. 2) Order 2025 (the Order) was laid before Parliament and published on legislation.gov.uk, along with an explanatory memorandum.
The Order makes amendments to the legislation that gives effect to the UK Emissions Trading Scheme (UK ETS), which incentivises decarbonisation
On 30 January 2025, the Prudential Regulation Authority (PRA) published its Climate Change Adaptation Report 2025.
Background
This is the PRA’s third climate change adaptation report, which has been produced in response to an invitation by the Department for Environment, Food & Rural Affairs (DEFRA) to participate under the fourth
On 28 January 2025, the Financial Conduct Authority (FCA) published its Adaptation Report 2025, in which it responds to the Department for Environment, Food and Rural Affairs’ (DEFRA) invitation to report on climate change adaptation challenges faced by financial services firms.
The report is based on informal engagement with financial
Introduction
On December 2, 2024, the United Kingdom (UK) reached a number of further environmental, social and governance (ESG) milestones.
Almost a year ago, the Financial Conduct Authority (FCA) published its final rules and guidance on Sustainability Disclosure Requirements (SDR) and investment labels. The new rules and
On 17 December 2024, the Financial Markets Standards Board (FMSB) published for consultation a Statement of Good Practice (SoGP) on the governance of sustainability-linked products (SLPs) in transparency draft. The SoGP seeks to codify good practices for the governance of SLPs and support the adoption of consistent governance approaches
In recent years, diversity and inclusion (D&I) in the financial services sector has become a focus for regulators around the world. Individual regulators, however, have taken different approaches to D&I to reflect the local socio-economic environment.
Below, we provide a high-level summary of the position across a number of key jurisdictions updating our table published
In this latest episode of our podcast series, Let’s talk asset management, Matthew Gregory, Haney Saadah and Simon Lovegrove discuss the FCA’s ‘naming and marketing’ rules under the Sustainability Disclosure Requirements. These rules came into force on 2 December 2024 although some firms have taken the ‘temporary flexibility’ offered by the FCA which gives firms
In this latest episode of our podcast series, Let’s talk asset management, Hannah Meakin, Lucy Dodson, Rebecca Dulieu and Simon Lovegrove discuss the UK Financial Conduct Authority’s recent work on non-financial misconduct and its impact on the UK asset management sector.
Listen to the podcast here.