On 2 December 2024, the European Commission issued a set of FAQs to support stakeholders in the implementation of the EU taxonomy.
The FAQs provide technical clarifications regarding various elements of the EU taxonomy. Among other things, they cover the application of general taxonomy requirements and technical screening criteria for specific activities included in the
On 18 November 2024, the Ministry of Foreign Affairs (Ministerie van Buitenlandse Zaken) published its consultation on the draft bill of the Corporate International Responsibility Act (Wet internationaal verantwoord ondernemen) (the Act). The Act will implement the EU Corporate Sustainability Due Diligence Directive (Directive 2024/1670, the CSDDD), into Dutch
On 19 November 2024, the Council of the EU issued a press release stating that it had adopted the Regulation on ESG rating activities.
Next steps
The Regulation will be published in the Official Journal of the EU and enter into force 20 days later. The Regulation will start applying 18 months after its entry
On 19 November 2024, the European Supervisory Authorities (ESAs) together with the European Central Bank (ECB) issued the results of the one-off ‘Fit-for-55’ climate scenarios analysis.
Fit-for-55
The ‘Fit-for-55’ package is a set of legislative proposals and policy initiatives designed as part of the European Green Deal with the aim of
On 12 November 2024, the Dutch Authority for the Financial Markets (Autoriteit Financiele Markten, AFM) published its Consumer Monitor Investors report (Consumentenmonitor Beleggers). The key message in the report is that not all asset managers and investment advisors comply with the obligation to ask investors about their sustainability preferences. Only 25%
On 14 November 2024, the Network for Greening the Financial System (NGFS) published a Conceptual Note on Adaptation and a Synthesis Report on the greening of the financial system.
Conceptual Note
The Conceptual Note is the first comprehensive exploration by the NGFS of climate adaptation and its implications for financial stability. It
On 13 November 2024, there was published in the Official Journal of the EU (OJ), Commission Implementing Regulation (EU) 2024/2861 of 12 November 2024 laying down implementing technical standards (ITS) for the application of the Regulation on markets in crypto assets with regard to the technical means for the appropriate public
On 13 November 2024, there was published in the Official Journal of the EU a Commission Notice containing FAQs which clarify the interpretation of certain provisions on sustainability reporting introduced by the Corporate Sustainability Reporting Directive into the Accounting Directive, the Audit Directive, the Audit Regulation, and the Transparency Directive with the aim of facilitating
In this latest episode of our podcast series, Let’s talk asset management, Cyril Clugnac and Simon Lovegrove discuss the European Securities and Markets Authority’s final guidelines on funds’ names using ESG or sustainability-related terms. The guidelines apply from 21 November 2024.
We have also published a briefing note on ESMA’s guidelines.
Listen to the podcast
On 8 November 2024, there was published in the Official Journal of the EU, a Commission Notice on the interpretation and implementation of certain legal provisions of the Disclosures Delegated Act under Article 8 of the EU Taxonomy Regulation on the reporting of Taxonomy-eligible and Taxonomy-aligned economic activities and assets. The purpose of the Commission