The European Commission last month announced a proposed Net-Zero Industry Act designed to drive the investment in and the growth of the clean technology manufacturing sector. The proposed Act is part of the Green Deal...more
Climate Action 100+, a climate-focused investor initiative, last month announced an updated framework designed to help investors assess and engage with public companies on climate-related issues. Its March 23 statement...more
What Happened -
On 21 April 2023, Mr Justice Leech gave his written reasons for sanctioning the Adler Group’s novel and ground-breaking English restructuring plan following a fully contested hearing and cross-examination...more
A British appeals court will review the 2022 dismissal of a novel lawsuit accusing current and former directors of the United Kingdom’s largest private pension plan of mismanagement for, among other reasons, failing to divest...more
On December 9, 2022, S&P Dow Jones Indices (DJI) announced the results of its 2022 Dow Jones Sustainability Indices (DJSI) Annual Review.
The top five worldwide additions by market capitalization added this year are:...more
A report released by Dutch environmental advocacy group Changing Markets Foundation has highlighted alleged “greenwashing” in the UK and German food sectors, including via claims such as ‘carbon neutral,’ ‘climate positive,’...more
The Bank of England released a report titled Climate-Related Risks and the Regulatory Capital Framework (Report) on March 13, 2023. The Report expands on the Bank’s 2021 Climate Change Adaptation Report (CCAR), in which it...more
3/28/2023
/ Bank of England ,
Banks ,
Capital Requirements ,
CCAR ,
Climate Action Plan ,
Climate Change ,
Financial Institutions ,
Financial Services Industry ,
Net Zero ,
Risk Assessment ,
Risk Management ,
UK
On February 28, a French court dismissed an action filed by six French and Ugandan NGOs aiming to force the suspension of TotalEnergies’ multibillion-dollar oil pipeline project in Uganda and Tanzania. The NGOs based their...more
3/27/2023
/ Climate Action Plan ,
Climate Change ,
Critical Habitat ,
Energy Projects ,
EU ,
France ,
Health and Safety ,
Human Rights ,
Infrastructure ,
Oil & Gas ,
Pipelines
On January 18, Azerbaijan’s Ministry of Foreign Affairs announced that it had commenced an action against Armenia under the Bern Convention on the Conservation of European Wildlife and Natural Habitats (Bern Convention). This...more
The Swiss Federal Council has published a position paper on the “prevention of greenwashing in the financial sector.” The Federal Council is composed of seven members—each a head of a government department—who, collectively,...more
Market overview -
Few could have predicted the unexpected twists and turns 2022 would provide. A year in which the spectre of war came home to haunt Europe....more
The Australian Treasury announced a consultation into proposed rules on climate-related financial disclosure, which will align with the International Sustainability Standards Board (“ISSB”) recommendations. The consultation,...more