ESG and D&I

On 18 July 2024, the Financial Stability Board (FSB) issued a report providing a stocktake of member financial authorities’ initiatives related to the identification and assessment of nature-related financial risks.

The report draws on a survey of participating FSB members and the work done by international organisations on nature-related risks. It summarises current

The Corporate Sustainability Reporting Directive (CSRD) will come into effect for large listed companies for the 2024 financial year. According to the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) an important part of the CSRD is the double materiality analysis. The aim is to demonstrate what effect

On 16 July 2024, the Network for Greening the Financial System (NGFS) published an information note on improving greenhouse gas emissions data.

The information note:

  • Outlines the use cases of Greenhouse Gas (GHG) emission data by supervisors, regulators and central banks. It describes the different countries’ experience about the availability, sources,

On 5 July 2024, there was published in the Official Journal of the EU (OJ), Directive (EU) 2024/1760 of 13 June 2024 on corporate sustainability due diligence and amending Directive (EU) 2019/1937 and Regulation (EU) 2023/2859.

The Directive enters into force on the twentieth day following its publication in the OJ (25 July

On 5 July 2024, the European Securities and Markets Authority (ESMA) issued a Final Report on Guidelines on Enforcement of Sustainability Information (GLESI). It has also issued a Public Statement on the first application of the European Sustainability Reporting Standards (ESRS).

GLESI

The Corporate Sustainability Reporting Directive (CSRD

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