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
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 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
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 Financial Conduct Authority (FCA) has published findings from its multi-firm review of how asset managers, life insurers, and FCA-regulated pension providers are complying with its climate disclosure rules. Introduced in...more
10/23/2025
/ Climate Change ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
Nuclear Power ,
Offshore Wind ,
Regulatory Reform ,
Renewable Energy ,
Sustainability ,
Sustainable Finance ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
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
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 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
On 2 May 2025, the European Commission launched a Call for Evidence to inform its impact assessment for the simplification and improved effectiveness of the Sustainable Finance Disclosure Regulation (SFDR). This the last of a...more
In a statement on 21 March 2024, the Danish Financial Supervisory Authority advised providers of sustainable investment products to ensure that their internal processes comply with sustainable investment requirements. It...more
The first two instalments of the EU’s much anticipated omnibus packages of simplification were published on 26 February. The Commission proposes amendments to the Corporate Sustainability Reporting Directive (CSRD), the...more
3/4/2025
/ Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
European Banking Authority (EBA) ,
European Commission ,
Popular ,
Regulatory Agenda ,
Reporting Requirements ,
Sustainability ,
Sustainable Finance
2024 was set to be the year of review for the Sustainable Finance Disclosure Regulation (SFDR). A number of different approaches have been suggested by the European Commission, national competent authorities and other...more
As a response to competitiveness concerns, the European Commission will propose an omnibus package to simplify and eliminate overlaps and contradictions in sustainability reporting in the Corporate Sustainability Reporting...more
On 13 December 2024, the European Securities and Markets Authority (ESMA) published Q&As (the Q&As) giving guidance for the practical application of the Guidelines on funds’ names using ESG or sustainability-related terms...more
As we enter into 2025, we look back to ESG regulatory developments in December 2024 and reflect on the expected legislation for the coming year. We anticipate more regulatory initiatives in 2025, particularly in the UK. In...more
EU competent authorities seem to be stepping up enforcement actions for SFDR disclosure acting as a timely reminder for fund managers to ensure that holdings and procedures for allocating investments align with statements in...more
On 14 November 2024, the UK government published its consultation response and draft legislation proposals to regulate ESG ratings providers. Entities providing ESG ratings (however named) which are likely to influence...more
On 14 November 2024, the Chancellor, Rachel Reeves, set out a number of significant developments in connection with sustainable finance in her Mansion House speech and in related publications. We saw the long awaited...more
With the deadline to transpose the requirements of the Corporate Sustainability Reporting Directive (EU) 2022/2464 (CSRD) into national law expiring on 6 July 2024, we have reviewed and summarised the transposition status for...more
April 2024 has been another busy month for ESG regulation both in the UK, EU and internationally. Key developments include the long-awaited Financial Conduct Authority (FCA) finalised guidance on the UK anti-greenwashing...more
The growth in size and influence of ESG ratings and data markets coupled with concerns about the transparency and credibility of ESG ratings and data products have led to IOSCO developing recommendations to regulators and ESG...more