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K&L Gates LLP

April 2025 ESG Policy Update—Australia

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Australian Update - ASIC Publishes Regulatory Guidance for New Sustainability Reporting Requirements - On 31 March 2025, the Australian Securities and Investments Commission (ASIC) published its Regulatory Guide 280...more

A&O Shearman

European Parliament plenary adopts amendments to Benchmarks Regulation

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The European Parliament has confirmed it has adopted the regulation amending the Benchmark Regulation (for background, please see our update). The regulation will apply to benchmarks defined as critical or significant,...more

Paul Hastings LLP

EU Omnibus: The EU Taxonomy – Why?

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In 2018, the European Commission set forth a classification system to determine whether businesses are environmentally sustainable. The EU Taxonomy followed the legalistic style of the French Civil Code and flummoxed...more

A&O Shearman

UK FCA feedback on responses to discussion paper on finance for positive sustainable change

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The UK Financial Conduct Authority (FCA) has published feedback on the views it received in response to its discussion paper DP 23/1 on finance for positive sustainable change. The discussion paper included sections on a...more

A&O Shearman

EU Platform on Sustainable Finance publishes updated handbook on climate transition and Paris-aligned benchmarks

A&O Shearman on

The Platform on Sustainable Finance, an advisory body to the European Commission (EC) has published an updated version of its handbook on Climate Transition Benchmarks and Paris-Aligned Benchmarks (version 2), and has also...more

Jones Day

New Report on Taxonomy Recommends Additional Classification Criteria

Jones Day on

In parallel to the proposed “Omnibus”, which will likely revise the 2020 Taxonomy Regulation, the EU Platform on Sustainable Finance just issued a 397-page report recommending revisions to the technical screening criteria of...more

Mayer Brown

Public Hearing Opened on National Circular Economy Plan

Mayer Brown on

In accordance with Federal Decree No. 12,082/2024, which established the National Circular Economy Strategy (which we explored in a July 2024 Legal Update), a public hearing has been opened for the development of the National...more

A&O Shearman

EC guidance on technical screening criteria published

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A Commission Notice was published in the Official Journal of the European Union on the interpretation and implementation of certain legal provisions of the EU Taxonomy Environmental Delegated Act, the EU Taxonomy Climate...more

McDermott Will & Emery

Simplification Omnibus Package

McDermott Will & Emery on

On February 26, 2025, the EU Commission presented the first part of the Omnibus Simplification Package announced in January 2025. This formal legislative initiative aims to simplify and harmonise existing EU regulations...more

A&O Shearman

EC call for evidence on amendments to Delegated Regulation under Taxonomy Regulation

A&O Shearman on

The European Commission (EC) has published a call for evidence on a draft Commission Delegated Regulation amending Commission Delegated Regulation 2021/2178 in relation to the simplification of the content and presentation of...more

A&O Shearman

EC proposes omnibus sustainability package

A&O Shearman on

The European Commission (EC) has published two omnibus proposals on sustainability and EU investments, designed to address overlapping, unnecessary or disproportionate rules that are creating unnecessary burdens for EU...more

A&O Shearman

EBA report on data availability and feasibility of a common methodology for ESG exposures

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The European Banking Authority (EBA) has published a report on the data availability and feasibility of a common methodology for ESG exposures. In accordance with the mandate under Article 501c(1) of Regulation 575/2013...more

A&O Shearman

European Banking Authority publishes draft guidelines on ESG scenario analysis

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The European Banking Authority has published a consultation paper on its draft guidelines on ESG scenario analysis. For institutions using ..the internal ratings-based approach for calculating the own funds requirements for...more

Latham & Watkins LLP

Brazil Publishes Draft Sustainable Taxonomy Framework for Public Consultation

Latham & Watkins LLP on

The taxonomy would inform certain mandatory requirements in the jurisdiction, with particular relevance to Brazil’s capital markets and financial sector....more

Latham & Watkins LLP

European Banking Authority Launches Consultation on Guidelines on ESG Scenario Analysis

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The draft guidelines outline expectations for institutions to adopt forward-looking strategies and incorporate scenario analysis into their management framework to assess resilience against the negative impacts of ESG...more

A&O Shearman

European Banking Authority finalizes guidelines on management of ESG risks

A&O Shearman on

The European Banking Authority has published its final guidelines on the management of ESG risks. The guidelines set out requirements for institutions for the identification, measurement, management, and monitoring of ESG...more

A&O Shearman

EU Regulation on environmental, social and governance rating activities published

A&O Shearman on

Regulation (EU) 2024/3005 on the transparency and integrity of environmental, social and governance rating activities has been published in the Official Journal of the European Union. The Regulation aims to strengthen the...more

A&O Shearman

Mansion House: New Remit Letters for UK Financial Conduct Authority and Prudential Regulation Authority to Focus on Growth

A&O Shearman on

HM Treasury has published remits and recommendations for the U.K. Financial Conduct Authority and Prudential Regulation Authority, set out in a letter sent from Rachel Reeves, Chancellor of the Exchequer, to Nikhil Rathi, FCA...more

A&O Shearman

Council of the European Union Adopts new Regulation on Environmental, Social, and Governance Rating Activities

A&O Shearman on

The Council of the European Union has adopted the proposed Regulation on ESG rating activities. The new rules aim to strengthen the reliability and comparability of ESG ratings by improving the transparency and integrity of...more

A&O Shearman

International Organization of Securities Commissions Publishes Report on Transition Plan Disclosures

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The International Organization of Securities Commissions has published a report on transition plan disclosures. The report sets out how transition plan disclosures can support the objectives of investor protection and market...more

A&O Shearman

Mansion House 2024

A&O Shearman on

Rachel Reeves, the U.K. Chancellor has set out a package of reforms in her Mansion House speech. The reforms aim to drive growth and competitiveness in financial services. Ms. Reeves stated that the regulatory changes...more

A&O Shearman

UK Transition Finance Market Review Publishes Recommendations

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The U.K. Transition Finance Market Review published its report for scaling transition finance. The report sets out the TFMR's recommendations on how to scale a high-integrity transition finance market that can support both...more

DLA Piper

Horizon - ESG Regulatory News and Trends - September 2024

DLA Piper on

Welcome to Horizon, DLA Piper’s regular bulletin reporting on late-breaking legislative and policy developments in ESG. Our aim is to scan the litigation, enforcement, and regulatory horizon to help inform business decisions....more

A&O Shearman

Financial Conduct Authority Consults on Rules for Admission of Securities to UK Trading Platforms

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The Financial Conduct Authority has opened a consultation on proposed rules for companies seeking to admit securities to a U.K. regulated market or "primary" multilateral trading facility under the new Public Offers and...more

A&O Shearman

Taxonomies – why the world needs harmonisation but not uniformity

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Taxonomies will play a critical role in channelling investment towards sustainable activities. But while alignment between frameworks is critical , a one-size-fits-all approach can never be effective....more

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