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
The FCA is consulting on significant changes to how listed companies in the UK report on sustainability matters. The consultation closes on 20 March 2026, with the final rules expected in Autumn 2026....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
An update on legal and regulatory developments for UK public companies....more
The FCA is seeking views on proposals to update its climate-related disclosure rules for listed issuers to align with the new UK SRS....more
We are ringing in the New Year with our annual predictions for sustainability legal and compliance professionals. In this post, we provide 26 predictions to inform sustainability compliance in 2026 (and beyond), in particular...more
On November 18, 2025, the U.S. Court of Appeals for the Ninth Circuit paused the enforcement of the California Climate-Related Financial Risk Act (SB 261) while the lawsuit challenging SB 261 and the Climate Corporate Data...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
Wilson Sonsini annually publishes the Silicon Valley 150 Corporate Governance Report, which analyzes the governance practices and disclosures of the Valley’s largest public companies. The report uses the Lonergan SV150, which...more
As many were settling back into work after the Thanksgiving holiday, the California Air Resources Board (CARB) published an Enforcement Advisory and opened up its public docket for voluntary submissions of SB 261 climate risk...more
The Network for Greening the Financial System (NGFS) has released an updated guide on climate scenario analysis for central banks and supervisors, building on the 2020 edition. The revised guide reflects significant...more
The California Air Resources Board held its third workshop last week on California’s pending corporate climate disclosure mandates. Health & Safety Code 38532 (SB 253) requires greenhouse gas emissions disclosures, while...more
On November 18, 2025, the U.S. Court of Appeals for the Ninth Circuit granted a motion for injunction pending appeal that temporarily pauses enforcement of California Senate Bill 261 (SB 261) while the court considers a legal...more
On October 29, 2025, the U.S. Court of Appeals for the Ninth Circuit issued an order addressing an emergency request aimed at delaying implementation of California’s sweeping climate-related disclosure requirements under...more
In late October, ExxonMobil filed a complaint in the U.S. District Court for the Eastern District of California against state officials challenging the state’s new carbon emissions disclosure law (SB 253) and climate risk...more
Welcome to the Corporate Briefing, where we review the latest developments in UK corporate law that you need to know about. ...more
On October 24, 2025, Exxon Mobil Corporation filed a complaint in the U.S. District Court for the Eastern District of California seeking to, among other things, enjoin California’s recently enacted corporate climate...more
The Financial Conduct Authority (FCA) has published findings from its multi-firm review of how asset managers, life insurers, and FCA-regulated pension providers are complying with its climate disclosure rules. Introduced in...more
While the January 1, 2026, statutory deadline for reporting under California’s Climate-Related Financial Risk Act (SB 261) is quickly approaching, there is still time for regulated entities to comply with the law. Although...more
The California Air Resources Board (CARB) recently released a draft list of 4,159 public and private companies that do business in the state and that it believes must comply with California’s laws requiring disclosure of...more
The California Air Resources Board (CARB) took a significant step forward recently in implementing the state’s climate disclosure laws: SB 253 (the Climate Corporate Data Accountability Act) and SB 261 (the Climate-Related...more
On September 24, 2025, the California Air Resources Board (CARB) — the state regulator responsible for implementing California’s new mandatory climate disclosure regulations — released a preliminary list of about 4,100...more
The California Air Resources Board (“CARB”) hosted a public workshop on August 21, 2025 to provide information on Senate Bills 253, 261 and 219 (the “California climate laws”) and solicit feedback from consumers and...more
The California Air Resources Board (CARB) released a list this week identifying which entities the agency believes are subject to the state’s climate disclosure laws — SB 253 and SB 261. The list can be downloaded here....more