On 2 July 2024, the Network for Greening the Financial System (NGFS) published two complementary reports on nature-related risks:
This report covers key emerging trends related to nature-related litigation, including cases concerning biodiversity loss, deforestation, ocean degradation, carbon sinks and plastic pollution
On 19 June 2024, the Network for Greening the Financial System (NFGS) issued the second edition of its guide on climate-related disclosure for central banks.
The main objective of the guide is to offer practical support and inspiration to central banks that are taking their first steps in climate-related disclosure. It also
On 18 June 2024, the European Supervisory Authorities (ESAs) published an opinion on the assessment of the Sustainable Finance Disclosure Regulation (SFDR).
The ESAs have delivered this opinion on their own initiative, and it is published in the context of the review of the SFDR by the European Commission (Commission
On Wednesday 12 June 2024, as part of our global ESG webinar series, please join us for the third instalment of this webinar series, as we expand on the greenwashing discussion held in the first webinar.
This webinar will feature a discussion from our NRF financial services enforcement team to provide a perspective on greenwashing
On 4 June 2024, the European Supervisory Authorities (ESAs) published their final reports on greenwashing in the financial sector.
Each ESA provides a stocktake of the current supervisory response to greenwashing risks under their remit and notes that Member State competent authorities (NCAs) are already taking steps in the area of
On 24 May 2024, the Council of the EU announced that it had formally adopted the Corporate Sustainability Due Diligence Directive. After being signed by the President of the European Parliament and the President of the Council, the directive will be published in the Official Journal of the European Union and will enter into force
On 13 May 2024, the European Union Agency for the Cooperation of Energy Regulators (ACER) published its latest issue of REMIT Quarterly.
The Regulation on Wholesale Energy Market Integrity and Transparency otherwise known as REMIT provides an EU framework for the transparency and integrity of energy markets and aims to deter market participants
On 15 May 2024, the European Commission published reports on several key pieces of EU climate law including the EU Emissions Trading System (EU ETS).
Among other things it is noted that a review of the EU ETS will be presented in 2026 primarily focusing on whether to include waste management in the
On 16 May 2024, the Network for Greening the Financial System (NGFS) published a cover report and two technical documents on Sustainable and Responsible Investment (SRI) for Central Banks.
The cover report reviews SRI in central banks’ portfolio management, with practices and recommendations. It puts forward ten recommendations for central banks
Last November the Financial Conduct Authority (FCA) published Policy Statement 23/16 (PS23/16) containing final rules and guidance on sustainability disclosure requirements (SDR) and investment labels (UK SDR regime). The rules and guidance are currently limited to UK asset managers and essentially the requirements comprise of two components