News & Analysis as of

Climate Change Policy Statement

Nutter McClennen & Fish LLP

Nutter Bank Report: April 2024

The CFPB has issued a policy statement that provides an analytical framework for identifying what constitutes an abusive act or practice under the Consumer Financial Protection Act of 2010 (CFPA). The new guidance published...more

White & Case LLP

2024 Annual Reporting Season: Key Considerations

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Planning for the 2024 annual reporting season is underway. We summarise the key legislative changes affecting London-listed companies for the upcoming season along with best practice recommendations....more

Seyfarth Shaw LLP

Policy Matters Newsletter - April 2023 #2

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Federal Salary Transparency Act. Much has been written recently regarding the various salary transparency and reporting laws that have sprouted from state Houses across the Nation (we spoke to California’s onerous...more

Cadwalader, Wickersham & Taft LLP

FCA Delays Introduction of Sustainability Disclosure Requirements

The UK Financial Conduct Authority (FCA) has announced that its widely-anticipated Policy Statement in response to the Sustainable Disclosure Requirements (SDRs) and investment labels consultation will now be published in Q3...more

Cadwalader, Wickersham & Taft LLP

CFTC Chair Confirms CFTC's Planned Involvement in Policing the U.S. Carbon Markets

On January 23, the Chairman of the Commodity Futures Trading Commission (“CFTC”), Rostin Behnam, announced in his keynote speech at the Commodity Markets Council’s annual conference that the CFTC “can play a role in voluntary...more

Cadwalader, Wickersham & Taft LLP

FRB Chair Powell Speaks on Central Bank Independence

Federal Reserve Board (“FRB”) Chair Jerome Powell spoke at a symposium hosted by the Swedish Central Bank on Tuesday. In his speech, Chair Powell highlighted three main points: (1) that Federal Reserve monetary policy...more

Dechert LLP

FCA Policy Statement on Enhancing Climate-Related Disclosures by UK Asset Managers

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As set out in our earlier OnPoint, “Is Brexit Green?”, the UK has adopted a different approach to regulating ESG in the asset management sector compared to the EU by not “on-shoring” the EU’s Sustainable Finance Disclosure...more

Proskauer Rose LLP

UK Financial Conduct Authority Publishes New Rules on Climate-Related Disclosures

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On 17 December 2021, the UK Financial Conduct Authority (“FCA”) published two policy statements (PS21/23 and PS21/24) confirming final rules and guidance to promote better climate-related financial disclosures. The rules will...more

Stinson - Corporate & Securities Law Blog

ISS Publishes Proposed Changes for 2022 for Comment

ISS has published proposed policy changes for 2022 for public comment. The following summarizes proposed changes for the U.S. market....more

Proskauer Rose LLP

Regulation Round Up - October 2021

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The Financial Stability Board published its final report on the lessons learnt from the COVID-19 pandemic from a financial stability perspective. The Financial Conduct Authority (“FCA”) published a report on climate change...more

BCLP

Proposed climate-related disclosures for standard listed companies

BCLP on

As part of the UK government’s roadmap towards mandatory climate-related disclosures across the entire UK economy by 2025, the FCA is proposing to extend the application of its new climate-related disclosure requirements to...more

Morgan Lewis

FERC Focuses on Environmental Justice in Pipeline Certification Policy Statement

Morgan Lewis on

The Federal Energy Regulatory Commission (FERC) issued a Notice of Inquiry (NOI) on February 18 seeking new information and comments on whether it should revise its policy statement on the certification of new interstate...more

Morgan Lewis - Power & Pipes

Glick Brings Environmental Justice to the Forefront

FERC Chairman Richard Glick announced his plans on February 11 to better incorporate environmental justice and equity concerns into FERC’s decision making process. Improving the process for reviewing and determining the need...more

Stinson LLP

DOJ Puts Supplemental Environmental Projects Back on the Negotiating Table

Stinson LLP on

The Biden administration hit the ground running on its initiative to "confront the climate crisis." On January 20, 2021, President Biden signed Executive Order 13,990 (EO), which directed all federal agencies to "immediately...more

Hogan Lovells

FCA Policy Statement: improving climate-related disclosures by UK listed companies and clarification of existing climate-related...

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Recent changes introduced by the Financial Conduct Authority (FCA) - On 21 December 2020, as we broke for Christmas, the FCA published new Listing Rule 9.8.6R(8) (LR) and guidance requiring commercial companies with a UK...more

Hogan Lovells

A change in the wind? Heathrow expansion policy ruled unlawful in victory for climate campaigners

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The Court of Appeal returned a ruling on 27 February 2020 that the UK government's policy statement which included the government's approval of the Heathrow expansion was unlawful because it did not consider the impact of the...more

A&O Shearman

Bank of England Consults on Proposed 2021 Climate Change Stress Tests

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The Bank of England has published a discussion paper seeking feedback on its proposals for a series of 2021 stress-tests on climate-related risks for the largest banks, insurers and the financial system. The stress tests will...more

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