ESG

On 9 December 2025, the European Parliament and the Council of the EU reached a provisional deal on the draft Omnibus Directive simplifying sustainability reporting and due diligence requirements for companies. The informal agreement simplifies the directives on corporate sustainability reporting and corporate sustainability due diligence by reducing the reporting burden and limiting the trickle-down…

On 5 December 2025, the Australian Securities and Investments Commission (ASIC) published a speech by Commissioner Kate O’Rourke at the 2025 Small Business Association of Australia International Small Business Summit.  The speech is entitled ‘Time to get on with business’.

In her speech Commissioner O’Rourke outlines ASIC’s program to ease regulatory burdens…

On 3 December 2025, the Prudential Regulation Authority (PRA) published Policy Statement 25/25: Enhancing banks’ and insurers’ approaches to managing climate-related risks – Update to SS3/19 (PS25/25).

Background

In PS25/25 the PRA provides feedback to the responses it received to Consultation Paper 10/25:  Enhancing banks’ and insurers’ approaches to managing climate-related…

Introduction

On 20 November 2025, the European Commission (Commission) published a proposal for a Regulation amending Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).

The SFDR has applied since March 2021. It sets out a disclosure framework providing detailed sustainability disclosures for financial market participants and financial…

On 11 November 2025, the Network for Greening the Financial System (NGFS) published an updated version of its Guide on Climate Scenario Analysis.

The Guide serves as a practical reference for authorities and financial institutions aiming to integrate climate scenario analysis into their risk management frameworks and decision-making processes. A key addition is…

On 13 November 2025, the European Parliament issued a press release stating that MEPs had adopted their position on simplified sustainability reporting and due diligence. The updated rules are part of the Omnibus I simplification package proposed by the European Commission on 26 February 2025. Negotiations with EU governments, which have already adopted their position…

On 7 November 2025, the European Commission (Commission) issued calls for evidence on the EU Taxonomy Climate and Environmental Delegated Acts.

Whilst the Taxonomy Regulation establishes the general framework, the Commission specifies the technical screening criteria for determining whether an economic activity can qualify as environmentally sustainable through delegated acts. The Taxonomy Climate…

On 10 November 2025, there was published in the Official Journal of the EU, Commission Delegated Regulation (EU) 2025/1416 of 11 July 2025 amending Delegated Regulation (EU) 2023/2772 as regards the postponement of the date of application of the disclosure requirements for certain undertakings. The Delegated Regulation enters into force on 13 November 2025.

Our…