The Office of the Comptroller of the Currency will no longer follow interagency guidance on climate-related risk management for large financial institutions.
The full update can be found here on our US Regulatory Intelligence platform.
FCA shares feedback and response to DP23/1 on finance for positive sustainable change
On 2 April 2025, the Financial Conduct Authority (FCA) published the feedback it received to discussion paper DP23/1 on finance for positive change, along with its response and next steps.
Background
DP23/1 was published in February 2023, with the aim of encouraging an industry-wide dialogue on firms’ sustainability-related governance, incentives and competences. The
SEC Votes to End Defense of Climate Disclosure Rules
The SEC voted to end its defense of the rules requiring disclosure of climate-related risks and greenhouse gas emissions. The rules created a detailed and extensive special disclosure regime about climate risks for issuing and reporting companies.
The full update can be found here on our US Regulatory Intelligence platform.
MEPs fast-track vote on stop-the-clock proposal
On 1 April 2025, the European Parliament issued a press release stating that it had voted in favour of fast tracking its work on the stop-the-clock proposal to postpone the application of social and environmental reporting and due diligence measures. The European Parliament will decide on Thursday whether to delay the application of the requirements.
Advancing Sustainable Finance: Technical Criteria for New Activities & First Review of the Climate Delegated Act
On 1 April 2025, the EU Platform on Sustainable Finance (Platform) published a report ‘Advancing Sustainable Finance: Technical Criteria for New Activities & First Review of the Climate Delegated Act’. In the report the Platform responds to the European Commission’s request to review and provide recommended amendments to the technical screening criteria
Updated Handbook on Climate Benchmarks and Benchmarks’ ESG Disclosures
On 28 March 2025, the EU Platform on Sustainable Finance (Platform) published an updated version of its handbook on Climate Transition Benchmarks and Paris Aligned Benchmarks.
The first version of the Handbook was published in 2019 and was in response to frequently asked questions (FAQs), which the TEG benchmarks subgroup members
Council agrees position on the ‘Stop-the-clock’ mechanism
On 26 March 2025, the Council of the EU announced that Member States’ representatives (Coreper) approved its position on the so-called ‘Stop-the-clock’ directive which forms part of the Omnibus I package that the European Commission adopted at the end of February to simplify EU legislation in the field of sustainability. The proposed directive
Platform response to the draft Taxonomy delegated act consultation
On 26 March 2025, the EU Platform on Sustainable Finance (the Platform) published its response to the European Commission’s earlier call for evidence on a draft delegated regulation amending the Taxonomy Delegated Acts. The Platform welcomes and acknowledges that several of its proposals have been taken into consideration and that overall the proposed amendments
FCA publishes voluntary survey for ESG ratings providers
On 25 March 2025, the Financial Conduct Authority (FCA) launched a voluntary survey to inform the future regulation of ESG ratings and broader sustainability disclosures.
The FCA explains that as it develops the future regulatory regime for ESG ratings providers, it is engaging widely to inform its approach, which includes ESG ratings providers
EU Platform on Sustainable Finance Report: Streamlining Sustainable Finance for SMEs
On 21 March 2025, the Platform on Sustainable Finance (Platform), an advisory body to the European Commission, published a report on streamlining sustainable finance for SMEs.
SME sustainable finance standard
To address the challenges SMEs face in greening their activities and in accessing sustainable finance, the Platform proposes in the report to develop