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European Commission European Union Taxonomy

Akin Gump Strauss Hauer & Feld LLP

The EU Corporate Sustainability Reporting Directive – Draft FAQs and the European Sustainability Reporting Standards

The European Union (EU) Commission has published a draft set of frequently asked questions (FAQs) on the interpretation of certain provisions of the EU Corporate Sustainability Reporting Directive (CSRD) and the first set of...more

Mayer Brown

The ESMA Sets Out Its Long-term Vision on the Functioning of the Sustainable Finance Framework

Mayer Brown on

On 24 July 2024, the European Securities and Markets Authority ("ESMA") published an opinion on the sustainable finance regulatory framework (the "ESMA Opinion"), which outlines the ESMA's long-term vision for the functioning...more

Mayer Brown

Business & Human Rights: Navigating "Minimum Safeguards" under the EU Taxonomy Regulation

Mayer Brown on

The EU Taxonomy Regulation (the "Regulation") is a highly complex piece of legislation which sets out a classification framework in order to determine whether an economic activity carried out by an undertaking is...more

Cadwalader, Wickersham & Taft LLP

Cadwalader Climate - May 2024 #2

In this week’s edition, the European Commission contacted 20 airlines requiring them to address potentially misleading or inaccurate green claims. The International Sustainability Standards Board (ISSB) launched its digital...more

Proskauer Rose LLP

Regulation Round Up - December 2023

Proskauer Rose LLP on

Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. Key developments in December 2023: 21 December - UK / Swiss Regulatory...more

Proskauer - Regulatory & Compliance

A step closer to SFDR changes under ESAs’ Final Report  

On 4 December 2023 the European Supervisory Authorities (the “ESAs”) published their final report on updating the regulatory technical standards of the Sustainable Finance Disclosure Regulation (“SFDR Level 2”). The...more

Jones Day

The Climate Report: Fourth Quarter 2023

Jones Day on

REGULATORY ISSUES & UPDATES - Mandatory Climate Change Reporting Requirements Under the New European ESRS E1 - The implementation of the European Sustainability Reporting Standards poses risks for reporting companies,...more

Jones Day

Adoption of Final Version of European Green Bond Standard: A New Landmark Tool for Sustainable Finance

Jones Day on

The Situation: On October 5, 2023, the European Parliament and the Council of the European Union adopted the European Green Bond Regulation ("EuGB Regulation"), establishing a voluntary harmonized standard open to both EU and...more

A&O Shearman

SFDR Consultation and Review by European Commission – a first step towards SFDR 2.0

A&O Shearman on

The Commission has launched a far reaching consultation and review of SFDR, long expected by the industry. This bulletin provides an overview, as well as giving thought as to what we might see in terms of SFDR 2.0....more

Goodwin

The Seeds for SFDR II? Two EU Commission Consultations

Goodwin on

The European Commission (the Commission) has published two consultations to both evaluate and assess enhancements to the EU’s Sustainable Finance Disclosure Regulation (SFDR). Open until 15 December 2023, the Commission is...more

Cadwalader, Wickersham & Taft LLP

EU’s General Court Dismisses Action by MEP Against the Commission’s Inclusion of Nuclear Energy and Natural Gas in the EU Taxonomy

On June 21, 2023, the General Court of the European Union rejected an action brought by a Member of the European Parliament (MEP) seeking to annul European Commission legislation that identified certain activities related to...more

Paul Hastings LLP

EU ESG Framework – latest developments and further clarifications on greenwashing and sustainable investments

Paul Hastings LLP on

Over the last few months, the European Commission and the European Supervisory Authorities (“ESAs”) have published a number of press releases and reports that aim to clarify and provide further updates on concepts used within...more

A&O Shearman

The EU goes for gold with its Green Bond Regulation

A&O Shearman on

When the European Parliament announced that political agreement on the EU Green Bond Regulation (the Regulation) had been reached with the Council on 28 February 2023, rapporteur Paul Tang was quoted as saying...more

Hogan Lovells

EU Sustainable Finance Package and development in EU Taxonomy and SFDR interactions

Hogan Lovells on

On 13 June 2023, the European Commission published a new sustainable finance package. In particular the package of measures included (i) recommendations in respect of facilitating transition finance, (ii) a proposal in...more

Cadwalader, Wickersham & Taft LLP

European Commission Action on Climate Taxonomy and ESG Rating Provider Regulation

On June 13, 2023, the European Commission published “a new package of measures to build on and strengthen the foundations of the EU sustainable finance framework.” The aim is to ensure that the EU sustainable finance...more

Goodwin

The EU Sustainable Finance Package: key points for private fund managers

Goodwin on

On 13 June the European Commission (the Commission) published a new package of measures to bolster the EU sustainable finance framework.  Its aim is to: “ensure that the EU sustainable finance framework continues to...more

Walkers

EU Sustainable Finance Package - June 2023

Walkers on

On 13 June 2023, the European Commission (the "Commission") published a significant sustainable finance package on EU Taxonomy, ESG ratings and transition finance. Expansion of Taxonomy Regulation framework - The...more

Cadwalader, Wickersham & Taft LLP

NGOs Urge EC Not to Label Certain Agriculture and Livestock Practices as Sustainable

On March 8, 2023, 25 organizations wrote to the European Commission concerning its treatment of agriculture in the forthcoming Taxonomy Delegated Act, urging them to follow the advice published by their own expert group. The...more

Hogan Lovells

EU Taxonomy call for feedback and EU Taxonomy Navigator

Hogan Lovells on

The European Commission has published a call for feedback on proposals for a new set of EU Taxonomy criteria for the remaining environmental objectives. In addition, the European Commission has published the EU Taxonomy...more

Proskauer Rose LLP

SFDR RTS – implementation date looms

Proskauer Rose LLP on

On 10 March 2021,the Sustainable Finance Disclosure Regulation ((EU) 2019/2088) ("SFDR") came into force. This imposes environmental, social and corporate governance (“ESG”) and reporting requirements on a wide range of...more

Hogan Lovells

ESG Regulation Monthly Round-Up

Hogan Lovells on

With so many developments across the globe in the area of sustainability-related disclosures, we have looked back throughout May 2022 and summarised the key points coming out of the EU, UK and US....more

Cadwalader, Wickersham & Taft LLP

ESAs Publish Questions on SFDR and EU Taxonomy Regulation Interpretation

On Monday, May 16, 2022, the European Securities and Markets Authority published a document (dated May 13, 2022) from the Joint Committee of the European Supervisory Authorities (“ESAs”) setting out further questions for the...more

Skadden, Arps, Slate, Meagher & Flom LLP

Final SFDR Regulatory Technical Standards Provide Private Fund Managers With Clarity, but Add Obligations

[co-author: Krishane Sri Rajkumar] On 6 April 2022, the European Commission finally adopted the regulatory technical standards (RTS) to supplement the Sustainability-Related Disclosure Regulation (SFDR) and the EU Taxonomy...more

Proskauer Rose LLP

European Commission formally adopts the consolidated regulatory technical standards (RTS) under the Sustainable Finance Disclosure...

Proskauer Rose LLP on

On 6 April 2022, the European Commission (“Commission”) adopted the consolidated final regulatory technical standards (“RTS”) to the Sustainable Finance Disclosure Regulation (2019/2088/EU) (“SFDR”) and the EU Taxonomy...more

Proskauer Rose LLP

Regulation Round Up - March 2022

Proskauer Rose LLP on

Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. Key developments in March 2022: 31 March - The European Securities and...more

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