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Climate Change Climate Action Plan Consumer Financial Products

Cadwalader, Wickersham & Taft LLP

Cadwalader Climate - April 2024 #5

In this edition we discuss several updates aimed at the financial sector, including transition planning reports published by the Network for Greening the Financial System, prudential guidance from the Bank of England on how...more

Mayer Brown

NYDFS Finalizes Climate Risk Management Guidance

Mayer Brown on

On December 21, 2023, the New York Department of Financial Services (“NYDFS”) finalized guidance on how the banks and mortgage institutions it regulates (“New York Institutions”) should manage climate-related financial and...more

GeoDataVision

Coming Soon: Climate Risk Assessments for Banks – Are You Ready?

GeoDataVision on

Climate Risk Assessments for banking purposes are in the early stages of development. No laws or regulations have been issued regarding the topic. Nonetheless, it is obvious that lawmakers and regulators are keenly intent on...more

Cadwalader, Wickersham & Taft LLP

Science-Based Targets Initiative Releases Consultation Papers for Financial Institutions, Highlights Need for Renewable Power...

In June 2023, the Science Based Targets initiative (SBTi) published a draft of its Financial Institutions Net Zero (FINZ) Standard to enable financial institutions to establish targets consistent with achieving net-zero...more

Cadwalader, Wickersham & Taft LLP

French Financial Regulator Calls for Review of SFDR Minimum Standards

On February 13, the Autorité des marchés financiers (AMF), the French financial regulator, proposed the introduction of legislation to establish “minimum environmental requirements” that must be met in order for financial...more

Cadwalader, Wickersham & Taft LLP

ESMA Announces Review Covering the Marketing of Financial Products across EU including Greenwashing

On January 16, 2023, the European Securities and Markets Authority (ESMA) announced the launch of a common supervisory action (CSA) in partnership with EU Member State national competent authorities (NCAs). The CSA will cover...more

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