The EU has implemented a range of measures to promote the sustainability and competitiveness of the battery value chain.
Batteries play a crucial role across key sectors of the global economy and society, helping to...more
A recent letter from 21 state Attorneys General to various asset managers demonstrates a focus on using antitrust and unfair competition laws to oppose ESG efforts.
Key Points:
..ESG investing initiatives are not...more
The government published a new document outlining its existing and proposed objectives to develop the UK’s sustainable economy.
On 30 March 2023, the UK government published an updated version of its Green Finance...more
4/28/2023
/ Carbon Capture and Sequestration ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Financial Institutions ,
Green Finance ,
Investment ,
Investors ,
Net Zero ,
Public Policy ,
Sustainability ,
Sustainable Business Practices ,
Sustainable Finance ,
Taxonomy ,
UK
The government has announced the launch of ESG standards to help companies transition to renewable energy.
On 11 April 2023, the Malaysian government announced that it will introduce a framework on environmental, social,...more
The Commission is also consulting on proposed targeted amendments to the Taxonomy Climate Delegated Act and on the Taxonomy Disclosures Delegated Act.
On 5 April 2023 the European Commission opened a consultation on its...more
4/18/2023
/ Climate Change ,
Consultation ,
Disclosure Requirements ,
Environmental Policies ,
EU ,
European Union Delegated Act (EUDA) ,
Green Finance ,
Proposed Amendments ,
Sustainability ,
Sustainable Finance ,
Taxonomy
The fourth beta version establishes draft disclosure metrics as well as biome and sector guidance — with final TNFD recommendations due in September 2023.
The Taskforce on Nature-Related Financial Disclosures (TNFD)...more
The latest proposals show the direction of travel in the increasingly expanding web of consumer protection regulation on sustainable products and initiatives.
Background -
The European Green Deal, presented by the...more
The guidance, published by a key entity behind the Greenhouse Gas Protocol, provides information on reporting of avoided emissions, and eligibility criteria for companies.
On 22 March 2023, the World Business Council for...more
The UK government has unveiled a number of measures with the overall purpose of reaching net zero by 2050 and meeting the UK’s climate targets.
On 30 March 2023, on what has been called the UK’s “green day”, the UK...more
3/31/2023
/ Carbon Capture and Sequestration ,
Climate Change ,
Energy Sector ,
Environmental Policies ,
Federal Funding ,
Green Finance ,
Green Initiatives ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Net Zero ,
Nuclear Power ,
Public Policy ,
Renewable Energy ,
UK
The consultation considers what a potential regulatory regime would look like, and its proposed scope.
On 30 March 2023, HM Treasury published a consultation on regulating ESG ratings providers, which ties in with and...more
3/31/2023
/ Consultation ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
Green Finance ,
HM Treasury ,
IOSCO ,
Rating Agencies ,
Rating System ,
Ratings ,
Regulatory Oversight ,
Third Country Entities (TCEs) ,
UK
As part of the European Green Deal ambitions, the proposal encourages sustainable consumption through additional incentives to repair products to reduce waste and emissions.
On 22 March 2023, the European Commission...more
3/30/2023
/ Climate Change ,
Corporate Counsel ,
Environmental Policies ,
EU ,
EU Directive ,
European Commission ,
Greenhouse Gas Emissions ,
Incentives ,
Net Zero ,
Repairs ,
Right to Repair ,
Supply Chain ,
Sustainability ,
Waste Management
The proposals form part of the Green Deal Industrial Plan and aim to scale up technology and materials for the energy transition.
On 16 March 2023, the European Commission (Commission) formally proposed two legislative...more
The consultation seeks feedback on its “measures-based approach” to classifying industrial activities, as well as “Do No Significant Harm” criteria.
The Green Finance Industry Taskforce (GFIT) was convened by the...more
Sustainable finance is the practice of redirecting public and private capital towards investments that support ESG goals and outcomes. The market dynamics of sustainable finance are driven by the need for enormous investments...more
A court recently found that UK authorities did not fetter their discretion by not investigating general cotton imports potentially produced by the forced labour of Uyghur people in China.
On 20 January 2023, the High...more
The Supply Chain Act poses new challenges to suppliers when conducting business with new or existing German-based customers.
Key Points:
..The Supply Chain Act obliges in-scope companies to identify, address, and...more
The rapid growth of ESG and sustainable finance in the GCC region offers substantial opportunities, but also entails significant associated risks.
Introduction -
The Gulf Cooperation Council1 region (GCC Region) is...more
The Plan aims to “simplify, accelerate and align incentives to preserve the competitiveness and attractiveness of the EU as an investment location for the net-zero industry”.
On 1 February 2023, the European Commission...more
2/10/2023
/ Climate Change ,
Electricity ,
Energy Sector ,
Environmental Policies ,
EU ,
European Commission ,
Greenhouse Gas Emissions ,
Industrial Space ,
Manufacturers ,
Net Zero ,
Regulatory Standards ,
Supply Chain
Companies interested in the scope of environmental marketing claims and mitigating potential litigation risks should act fast as the window for comments is closing soon.
Latham & Watkins presents a blog series on the...more
The EU’s latest initiative to enhance ESG disclosures will expand the requirements of earlier initiatives and bring considerably more companies within its scope.
On 5 January 2023, the Corporate Sustainability Reporting...more
The Framework looks to guide global action on biodiversity, ecosystems, and other aspects of natural capital through 2030 and beyond.
Key Points:
..The Global Biodiversity Framework adopted at COP15 to the Convention on...more
On January 4, 2023, the Office of Information and Regulatory Affairs released the Fall 2022 Regulatory Flexibility Agenda. The agenda includes several updates to the Securities and Exchange Commission’s plans for...more
Navigating a global patchwork of ESG regulation and enforcement while preparing for greenwashing claims and other ESG litigation will likely be among the main concerns for companies in 2023.
Both anticipated and less...more
1/6/2023
/ Board of Directors ,
C-Suite Executives ,
Climate Change ,
Corporate Governance ,
Enforcement Priorities ,
Environmental Social & Governance (ESG) ,
EU ,
Global Economy ,
Global Market ,
Greenwashing ,
Publicly-Traded Companies ,
Regulatory Requirements ,
Shareholder Activism ,
Supply Chain ,
UK ,
Wage and Hour
Latham lawyers highlight key takeaways and developments in the sustainability space from the second half of the year.
...more
12/22/2022
/ Antitrust Provisions ,
Climate Change ,
Consultation ,
Corporate Governance ,
Corporate Social Responsibility ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Forced Labor ,
Greenhouse Gas Emissions ,
Investment Funds ,
Sustainability
The updated Green Guides will likely impact legal liability for environmental marketing claims in the years to come.
On December 20, 2022, the Federal Trade Commission (FTC) published a notice (hereinafter, the 2022...more