In line with the UK’s Net Zero Strategy, the UK became the first G20 country to adopt the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD), with effective dates rolling out for different...more
On January 13, an independent report was published into the UK government’s approach to delivering on its net zero obligations. The review, commissioned by the Department for Business, Energy & Industrial Strategy (BEIS), was...more
On January 9, the UK’s Department of Business, Energy & Industry Strategy (BEIS) launched a consultation aimed at better aligning the UK’s electricity generation market with the UK government’s net zero targets, including a...more
Net-Zero Review - The Secretary of State for Business, Energy and Industrial Strategy ("BEIS") has commissioned an independent review of the UK government's approach to delivering its net- zero target, in a way that is...more
The High Court of England and Wales (the “High Court”) recently ruled1 that the U.K. government’s Net Zero Strategy (NZS) breached the detail and reporting requirements of the Climate Change Act 2008 (“CCA 2008”). In this...more
Ahead of The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022 (the “Regulations”) taking effect on April 6, 2022, the U.K. Department for Business, Energy & Industrial Strategy (BEIS)...more
The U.K. Parliament has approved climate-related disclosure requirements that were announced by the U.K.’s Department for Business, Energy and Industrial Strategy’s (BEIS) on 28 October 2021 (see our 18 November 2021 alert...more
To assist in-scope UK companies comply with the new mandatory climate-related financial disclosures when reporting next year, the Government has published some helpful non-binding guidance. Separately, the first report...more
The UK Department for Business, Energy and Industrial Strategy (BEIS) announced on 28 October 2021 that new climate-related disclosure requirements had been laid before the Houses of Parliament. The proposals, contained in...more
The Department for Business, Energy and Industrial Strategy (BEIS) launched a consultation into revisions to the Energy NPSs earlier this month (which closes on 29 November) in line with the Planning Act 2008 which requires...more
On 24 March 2021, the UK government’s Department for Business, Energy & Industrial Strategy (“BEIS”) launched a consultation seeking views on its proposals to mandate climate-related financial disclosures by publicly quoted...more
TCFD Mandatory Disclosures - The UK Department for Business, Energy & Industrial Strategy (BEIS) has published a Consultation on requiring mandatory climate-related financial disclosures by large publicly quoted companies,...more
The BEIS Select Committee recently launched an important inquiry into finance and investment in the UK’s future energy infrastructure. It raises some important issues that need to be debated and decided on urgently but to do...more
The UK Department for Business, Energy & Industrial Strategy (BEIS) published a Green Paper on 23 January 2017, setting out the building blocks for the UK’s modern industrial strategy. Described by Theresa May as a “critical...more