This publication examines the latest developments in ESG compliance, focusing on the current state, global trends, and the outlook for 2026. It discusses the recent slowdown in new EU ESG regulations, such as the revision and...more
2/5/2026
/ Compliance Management Systems ,
Corporate Sustainability Reporting Directive (CSRD) ,
Due Diligence ,
Enforcement Actions ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
EU ,
EU Directive ,
Popular ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management ,
Supply Chain ,
Sustainability
On 30 January 2026, the UK Financial Conduct Authority (the “FCA”) published a consultation paper (CP 26/5) proposing the replacement of its current Task Force on Climate-related Financial Disclosures (“TCFD”) aligned rules...more
2/3/2026
/ Climate Change ,
Consultation Papers ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
International Sustainability Standards Board (ISSB) ,
Proposed Rules ,
Reporting Requirements ,
Sustainability ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
On 3 December 2025, the UK Prudential Regulation Authority (“PRA”) published its (i) Policy Statement (PS25/25) entitled Enhancing banks' and insurers' approaches to managing climate-related risks – Update to SS3/19 (“PS”)...more
1/9/2026
/ Banks ,
Climate Change ,
Environmental Social & Governance (ESG) ,
Financial Services Industry ,
Insurance Regulations ,
Popular ,
Prudential Regulation Authority (PRA) ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Management ,
Supervisory Guidance ,
Sustainable Finance ,
UK
This month's ESG Regulatory Monthly Round-Up sets out updates from the UK, EU and elsewhere across the globe for December 2025....more
1/8/2026
/ CARB ,
Corporate Sustainability Reporting Directive (CSRD) ,
Disclosure Requirements ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
International Chamber of Commerce (ICC) ,
International Sustainability Standards Board (ISSB) ,
Popular ,
Regulatory Reform ,
Reporting Requirements ,
Risk Management ,
SASB ,
Supply Chain ,
Sustainable Finance ,
UK
On 19 November 2025, we were pleased to welcome Alicia Kedzierski, Head of the Sustainable Finance Department at the Financial Conduct Authority (FCA) for a cozy fireside chat with Rita Hunter, regulatory partner and co-head...more
In November 2025, nearly 60,000 delegates arrived in Belém, Brazil for the 30th Conference of the Parties to the UN Framework Convention on Climate Change (“COP30”). Brazil, holding the presidency, promised a “COP of Truth”...more
12/17/2025
/ Climate Change ,
COP ,
Energy Sector ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
Fossil Fuel ,
Greenhouse Gas Emissions ,
Net Zero ,
Paris Agreement ,
Sustainability ,
Sustainable Business Practices
The EU is edging closer and closer to final agreement in relation to the omnibus simplification package on corporate sustainability reporting and due diligence. In the last couple of days the Member States' Ambassadors have...more
12/16/2025
/ Corporate Social Responsibility ,
Corporate Sustainability Reporting Directive (CSRD) ,
Disclosure Requirements ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
New Legislation ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Supply Chain ,
Sustainability ,
Sustainable Business Practices
At the end of November, trilogue negotiations opened. Now just a couple of weeks later the Council's presidency and the European Parliament negotiators have reached a provisional agreement on the omnibus simplification...more
12/10/2025
/ Corporate Social Responsibility ,
Corporate Sustainability Reporting Directive (CSRD) ,
Disclosure Requirements ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
European Parliament ,
New Legislation ,
Regulatory Reform ,
Reporting Requirements ,
Supply Chain ,
Sustainability
From 29 June 2028, any firm wishing to provide certain types of “ESG rating” in the UK will need FCA authorisation. The government consulted on this in 2023, and in October 2025 it published draft legislation to implement...more
On 3 December 2025, EFRAG provided its technical advice on draft simplified European Sustainability Reporting Standards (“ESRS”) to the European Commission. The revised ESRS deliver a “reduction of burden for companies” under...more
This month’s ESG Regulation Monthly Round-Up provides a number of updates from the UK, EU and the US. In the UK, we have seen updates from the Transition Finance Council and ESG ratings regulation. In the EU, we have seen...more
On 20 November 2025, the European Commission published a proposal to amend the SFDR. The proposal, if agreed, would repeal the existing SFDR primary and delegated regulations and would amend the Packaged Retail and...more
On 18 November 2025, the trilogue process started on the “omnibus” proposal, initially presented by the Commission in February. The package aims to simplify aspects of the Green Deal, particularly CSRD and CS3D, with the...more
11/26/2025
/ Corporate Sustainability Reporting Directive (CSRD) ,
Disclosure Requirements ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
Green Deal ,
Proposed Legislation ,
Regulatory Reform ,
Reporting Requirements ,
Supply Chain ,
Sustainability
On 6 November, Hogan Lovells held its fourth annual ESG Game Changers Summit, at which attendees explored how to navigate climate, sustainability, and ESG issues in a time of rising expectations and a rapidly shifting...more
11/24/2025
/ Clean Energy ,
Cryptoassets ,
Due Diligence ,
Employee Training ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Conduct Authority (FCA) ,
Greenwashing ,
Oil & Gas ,
Reporting Requirements ,
Supply Chain ,
Sustainable Business Practices ,
Sustainable Finance ,
UK
On 13 November 2025, the European Parliament held its plenary vote on the Omnibus I simplification package. The MEPs adopted a proposal which was put forward by a coalition EPP and right-to-far-right coalition (including ECR...more
11/17/2025
/ Corporate Social Responsibility ,
Corporate Sustainability Reporting Directive (CSRD) ,
Disclosure Requirements ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
EU Directive ,
European Commission ,
European Parliament ,
New Legislation ,
Omnibus Guidance ,
Reporting Requirements ,
Sustainability ,
Sustainable Business Practices
This month's ESG Regulation Monthly Round-Up brings a number of updates from the UK, EU, US and around the world. In the UK, we have seen updates on defence finance policy, regulation of ESG ratings providers, nature risk...more
11/4/2025
/ Corporate Sustainability Reporting Directive (CSRD) ,
Defense Sector ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Conduct Authority (FCA) ,
Omnibus Guidance ,
Reporting Requirements ,
Risk Management ,
Sustainable Finance ,
UK
The 30th UN Climate Change Conference of the Parties (“COP30”) will be held in Belem, Brazil from 10 to 21 November 2025. This COP is billed as the “COP of truth”, the implementation COP, where States will weigh how they are...more
11/3/2025
/ Brazil ,
Climate Action Plan ,
Climate Change ,
COP ,
Corporate Counsel ,
Energy Policy ,
Environmental Justice ,
Environmental Policies ,
Geopolitical Risks ,
Green Finance ,
Intended Nationally Determined Contributions (INDC) ,
Paris Agreement ,
Renewable Energy
In the context of the omnibus simplification process and ongoing review of regulation in the EU, the European Commission has decided to de-prioritise the adoption of a number of ‘non-essential' Level 2 acts until after 1...more
10/22/2025
/ Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Financial Regulatory Reform ,
Financial Services Industry ,
Green Bonds ,
Omnibus Guidance ,
Regulation Technical Standards (RTS) ,
Regulatory Agenda ,
Reporting Requirements ,
SFDR ,
Sustainable Finance
In this Second Edition of Climate Transition Focus, we reflect on the progress and the range of transition developments that have occurred so far in 2025. We highlight the key transition milestones, including the Transition...more
10/3/2025
/ Climate Change ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Services Industry ,
Greenwashing ,
IFRS ,
Net Zero ,
Regulatory Reform ,
Reporting Requirements ,
Sustainable Finance ,
Transitional Arrangements ,
UK
This month's ESG Regulation Monthly Round-Up covers the two months of the summer holidays. There is still a lot to report with a number of publications from the UK Financial Conduct Authority, EFRAG and others....more
It is estimated that over the coming decades, decommissioning redundant and end-of-life energy, mining, industrial, waste management and shipping assets will cost at least USD 8 trillion. Including nuclear energy, only about...more
9/11/2025
/ BNP Paribas ,
Decommissioned Facilities ,
Environmental Liability ,
Environmental Social & Governance (ESG) ,
Infrastructure ,
Investment Funds ,
Mining ,
Nuclear Power ,
Oil & Gas ,
Renewable Energy ,
Shipping ,
Waste Management
Increasing global security concerns (coupled with changes on the global political scene) have led governments to increase their budgets for defence spending. In this briefing we consider how compatible defence sector...more
9/2/2025
/ Defense Sector ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Conduct Authority (FCA) ,
Investment Funds ,
Investors ,
National Security ,
Popular ,
SFDR ,
Sustainable Finance ,
UK
On 23 July 2025, the International Court of Justice (the “ICJ”), the highest judicial body of the United Nations, issued its long anticipated Advisory Opinion on climate change (the “Advisory Opinion”). ...more
8/27/2025
/ Advisory Opinions ,
Climate Change ,
Due Diligence ,
Environmental Litigation ,
Environmental Policies ,
Fossil Fuel ,
Greenhouse Gas Emissions ,
Human Rights ,
International Court of Justice (ICJ) ,
International Litigation ,
Investment ,
Liability ,
Paris Agreement ,
Popular ,
Risk Assessment ,
Sustainability ,
United Nations ,
United Nations Convention on the Law of the Sea (UNCLOS)
On 4 August 2025, the European Supervisory Authorities (ESAs) updated the consolidated Q&As on the Sustainable Finance Disclosure Regulation (“SFDR”) and SFDR RTS (the “SFDR RTS”). The ESAs have clarified how to interpret...more
Though it has been a little quieter this month, there are still ongoing developments in relation to the EU omnibus simplification package, including the anticipated “quick fix” for companies currently reporting under the...more
8/5/2025
/ Corporate Sustainability Reporting Directive (CSRD) ,
Disclosure Requirements ,
Due Diligence ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Popular ,
Reporting Requirements ,
Sustainability ,
UK