On May 6, 2026, the European Commission published, for consultation, two draft delegated regulations that give effect to the Omnibus I simplification package (Directive (EU) 2026/470). The first amends the existing European...more
Welcome to Horizon, DLA Piper’s monthly bulletin reporting on late-breaking legislative and policy developments in sustainability. Our aim is to scan the litigation, enforcement, and regulatory horizon to help inform business...more
The transition finance market is evolving at a rapid pace. We are now in a position where borrowers and issuers can benefit from labelled instruments – transition loans and transition bonds are taking off, supported by...more
Sustainability reports have become a routine part of corporate disclosures for many US companies, even though no single federal law requires them....more
Despite a range of methods, knowledge and data existing to measure impacts and dependencies of businesses on nature, the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (“IPBES”) recently...more
California’s Climate-Related Financial Risk Act, SB 261, requires companies doing business in California whose annual revenues exceed $500 million to prepare and publicly disclose biennial climate-related financial risk...more
The global approach to sustainability reporting is in flux. There is no single, settled approach: some jurisdictions are pressing ahead with mandatory regimes while others are stepping back under political and market...more
UK SRS S1 and S2 are now available for voluntary use, while the UK government considers which companies should be required to report under the new standards....more
The net zero transition requires investment that enables the decarbonization of the whole economy, including high-emitting and hard-to-abate sectors. The transition of those sectors has attracted especial attention from...more
This month's ESG Regulatory Monthly Round-Up sets out updates from the UK, EU and elsewhere across the globe for January 2026. ...more
The UK Financial Conduct Authority (FCA) has published consultation paper CP26/5 on the evolution of its sustainability disclosure rules for listed companies, following the government's draft UK Sustainability Reporting...more
On 30 January 2026, the UK Financial Conduct Authority (the “FCA”) published a consultation paper (CP 26/5) proposing the replacement of its current Task Force on Climate-related Financial Disclosures (“TCFD”) aligned rules...more
This month's ESG Regulatory Monthly Round-Up sets out updates from the UK, EU and elsewhere across the globe for December 2025....more
The UK Department for Business and Trade (DBT) has published a letter (dated 5 January) sent to the UK Financial Conduct Authority (FCA) providing an update on finalising the UK versions of the International Sustainability...more
This year we expect ESG/sustainability to be influenced by several macro trends, including technology, geopolitics, and capital markets....more
The European Financial Reporting Advisory Group (EFRAG) on December 3, 2025 submitted its long-anticipated technical advice to the European Commission on a proposed set of simplified European Sustainability Reporting...more
On 3 December 2025, the PRA published Policy Statement 25/25 (PS25/25), finalising proposals from CP10/25 and introducing Supervisory Statement 4/25 (SS4/25). This replaces SS3/19 and sets out updated expectations on how...more
The European Commission's International Platform on Sustainable Finance (IPSF) has published its 2025 annual report, assessing progress in sustainable finance framework design to implementation across jurisdictions. The...more
Recently, SEC Chair Paul Atkins delivered this wide-ranging speech that included a warning that the SEC may reconsider its rules allowing foreign companies to file financials using IFRS due to the IFRS Foundation’s formation...more
Hearings, rulings and speeches, oh my (to paraphrase and with apologies to The Wizard of Oz). During the back half of last week, there were “anti-ESG” hearings in the House of Representatives on shareholder proposals and...more
To facilitate capital flow toward investments that foster economic development by promoting environmental and social sustainability, transparency, and long-term strategies in financial and economic activity, early this year...more
Over the last few years, we have kept our US multinational company readers current on the progress and timing of Singapore corporate climate reporting. Singapore’s climate reporting requirements capture many larger US-based...more
The proposals outline simplification “levers” to address sources of complexity in sustainability reporting under the EU Corporate Sustainability Reporting Directive....more