News & Analysis as of October 19, 2024

Sustainability

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

ESMA publishes guidelines on establishing harmonised criteria for use of ESG and sustainability-related terms in fund names

Mayer Brown on 5/16/2024

On 14 May 2024, the European Securities and Markets Authority ("ESMA") published its final report on "Guidelines on funds’ names using ESG or sustainability-related terms" (the "Guidelines"). The Guidelines aim to provide...more

Cadwalader Climate - May 2024 #2

Cadwalader, Wickersham & Taft LLP on 5/14/2024

In this week’s edition, the European Commission contacted 20 airlines requiring them to address potentially misleading or inaccurate green claims. The International Sustainability Standards Board (ISSB) launched its digital...more

Client Alert: Corporate Sustainability Due Diligence Directive: Five Key Questions Answered

Jenner & Block on 4/29/2024

On April 24, 2024, the European Parliament approved the Corporate Sustainability Due Diligence Directive (CS3D). The directive, which must be formally endorsed by the Council of the European Union (EU) before officially...more

Human Rights and the Environment: what to expect from the Corporate Sustainability Due Diligence Directive?

Mayer Brown on 3/20/2024

Following weeks of uncertainty, the Corporate Sustainability Due Diligence Directive ("CS3D") was finally adopted by the Council of the European Union ("Council") on March 15, 2024. ...more

EU Advances First-in-Kind Carbon Removal Certification Framework

Foley Hoag LLP - Energy & Climate Counsel on 3/18/2024

On February 20, 2024, the European Union (EU) announced a provisional political agreement to establish an EU-wide framework for voluntary certification of carbon dioxide removal (CDR) projects. This announcement, which marks...more

Embedding sustainability in practice – how companies will need to adapt to successfully address sustainability-related regulation

A&O Shearman on 3/11/2024

Financing the transition to Net Zero will necessitate fundamental changes to the businesses are managed. Here we take a look at practical steps senior leaders can take to address the challenges they face....more

Crosscurrents—European Union Fails to Pass Corporate Sustainability Due Diligence Directive & SEC Bails on Scope 3 Requirements

J.S. Held on 3/8/2024

Introduction - With the adoption by 196 parties of the Paris Agreement in December 2015, legally binding international climate change arrived. The Paris Agreement requires increasingly aggressive five-year cycles climate...more

The Climate Report: Fourth Quarter 2023

Jones Day on 12/5/2023

REGULATORY ISSUES & UPDATES - Mandatory Climate Change Reporting Requirements Under the New European ESRS E1 - The implementation of the European Sustainability Reporting Standards poses risks for reporting companies,...more

Previewing COP28: Opportunities, Challenges and Anticipated Outcomes

Akin Gump Strauss Hauer & Feld LLP on 12/4/2023

The 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC) has commenced this week in Dubai, United Arab Emirates (UAE), and will run through December 12, 2023. The UAE is...more

Eight things to know about the Taskforce on Nature-related Financial Disclosures

White & Case LLP on 11/9/2023

The Taskforce on Nature-related Financial Disclosures ("TNFD") released its final framework (the "TNFD Framework") on September 18. The TNFD Framework encourages organisations to integrate nature into decision-making and...more

Annex - How big is the New Zero financing gap?

A&O Shearman on 9/26/2023

Methodology - For this report we used a definition of climate finance aligned with the United Nations Framework Convention on Climate Change (UNFCCC) Standing Committee on Finance, which states: “Climate finance aims at...more

How big is the Net Zero financing gap?

A&O Shearman on 9/26/2023

The transition to a low-carbon, resilient, and just economy is the greatest investment opportunity of our lifetime. Institutions that are well prepared to embark on Net Zero pathways will be able to take full advantage of...more

Delivering Net Zero by 2050: the $200 trillion opportunity

A&O Shearman on 9/25/2023

Until now, however, no comprehensive estimate existed of the of that opportunity, (or, to put it another way, the size of the financing gap between committed spending and the investment needed to deliver Net Zero by 2050...more

The EU Sustainable Finance Package: key points for private fund managers

Goodwin on 6/21/2023

On 13 June the European Commission (the Commission) published a new package of measures to bolster the EU sustainable finance framework. Its aim is to: “ensure that the EU sustainable finance framework continues to...more

NGOs Urge EC Not to Label Certain Agriculture and Livestock Practices as Sustainable

Cadwalader, Wickersham & Taft LLP on 4/10/2023

On March 8, 2023, 25 organizations wrote to the European Commission concerning its treatment of agriculture in the forthcoming Taxonomy Delegated Act, urging them to follow the advice published by their own expert group. The...more

ECB Publishes Climate-Related Statistical Indicators To Promote Assessment and Measurement

Cadwalader, Wickersham & Taft LLP on 2/8/2023

On January 24, the European Central Bank (ECB) announced the publication of “new experimental and analytical indicators” that are intended to help analyze climate-related risks in the finance sector and monitor green...more

The JSE Continues its Trend to “Go Green”

White & Case LLP on 6/29/2022

The Financial Sector Conduct Authority (the "FSCA") has approved amendments to the JSE Debt Listing Requirements (the "Requirements") so as to introduce a new issuance platform stemming from the JSE – known as the "Transition...more

Green Buildings: The Epicenter of Responsible Investing, ESG Disclosure Requirements and Financial Incentives

Jones Day on 2/28/2019

Energy-positive buildings are a hot topic in the next wave in Environmental, Social and Governance investing, in anticipation of the EU directive which will require that all new projects built are "nearly zero energy" as from...more

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