Sustainable Finance Regulations, Rules, and Guidelines in the European Union and United States—Time to Get Prepared

Due to the increasing awareness of the importance of environmental, social, and governance ("ESG") initiatives, the European Commission came forward at the end of May 2018 with a proposal related to this topic. The proposal is intended to reorient capital flows toward sustainable investments, manage financial risk stemming from climate change, and foster transparency and a long-term outlook for the financial economic activity.

Other similar initiatives are underway around the world, creating a quickly evolving regulatory landscape. Financial market participants should take note.

Please see full White Paper below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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