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Financial Services Industry Sustainable Business Practices Environmental Social & Governance (ESG)

K&L Gates LLP

June 2024 ESG Policy Update—Australia

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Australian Update - Australia and EU Enter Into Critical and Strategic Minerals Partnership - On 28 May 2024, Australia and the European Union (EU) signed a Memorandum of Understanding (MOU) for a bilateral partnership to...more

K&L Gates LLP

ESG—Australia - Carbon Offsets: Australian Regulatory Framework

K&L Gates LLP on

Taylor Swift’s “Eras Tour” was one of the highest grossing music tours of all time with approximate proceeds exceeding US$1 billion. While this is a monumental feat, Taylor Swift also gained negative attention during the tour...more

K&L Gates LLP

Brussels Regulatory Brief: May 2024

K&L Gates LLP on

Antitrust and Competition - The European Commission Approves Plan to Unwind a Completed Transaction in the Early Cancer Detection Sector - On 12 April 2024, the European Commission (Commission) approved the plan to unwind a...more

Holland & Knight LLP

SFC expide norma sobre integración de factores ASG en Fondos de Inversión Colectiva en Colombia

Holland & Knight LLP on

En un paso significativo hacia la integración de la sostenibilidad en el sector financiero, la Superintendencia Financiera de Colombia (SFC) expidió la Circular Externa No. 05 de 2024, por medio de la cual imparte...more

BCLP

All Washed Up - What Are the Risks for Firms That Won’t Show Greenwashing the Red Card?

BCLP on

In recent years, there has been a noticeable increase in green products and the promotion of sustainable objectives across the financial services industry. For example, we have seen much discussion of green loans, green...more

A&O Shearman

FCA launches guidance consultation on anti-greenwashing rule

A&O Shearman on

The FCA has issued the final version of its new anti-greenwashing rule – part of a package that includes additional rules as stage one of the UK’s new Sustainability Disclosure Requirements or SDR, plus the FCA’s new ESG...more

Latham & Watkins LLP

FCA Finds Further Improvement Needed on Design, Delivery, and Disclosure of ESG Funds

Latham & Watkins LLP on

The FCA has set out good and poor practices for asset managers to consider in relation to funds with ESG or sustainable characteristics. On 16 November 2023, the FCA published the findings from its review of how asset...more

K&L Gates LLP

Global Survey of ESG Regulations for Asset Managers - ESG and the Sustainable Economy Handbook

K&L Gates LLP on

Investment advisers offering funds in more than one country are accustomed to adapting to different regulatory requirements. However, the challenges presented by the global regulation of environmental, social, and governance...more

K&L Gates LLP

GOP ESG Bills Await US House Floor Consideration

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ESG Activity in the House Financial Services Committee (HFSC) - Prior to departing for the August recess, Chairman Patrick McHenry (R-NC) wrapped up the month-long series of hearings considering digital assets and...more

Cadwalader, Wickersham & Taft LLP

ShareAction Claims Asset Managers Lagging on Climate and Biodiversity

In a recent report, the UK-based NGO ShareAction claimed that “[t]he asset management industry needs to change urgently if it is to demonstrate proactive stewardship that safeguards against key social and environmental risks...more

Cadwalader, Wickersham & Taft LLP

FCA Publishes Discussion Paper on Sustainability-Related Governance

On February 10, the UK’s Financial Conduct Authority (FCA) published a discussion paper titled “Finance for positive sustainable change: governance, incentives and competence in regulated firms.” The paper considers whether...more

Cadwalader, Wickersham & Taft LLP

Global Bank Announces Updated Energy Policy

A global financial institution recently announced an updated energy policy, supplementing its previously issued 2030 targets. HSBC’s 2030 targets aimed, among other things, to reduce financed emissions in two carbon-intensive...more

Dechert LLP

Dechert On ESG - A Practical Guide for Asset Managers

Dechert LLP on

Asset managers across geographies and asset classes are increasingly incorporating environmental, social and governance (“ESG”) considerations at all levels of the investment management business. Increased focus on ESG has...more

McDermott Will & Emery

Verordnung über nachhaltigkeitsbezogene Offenlegungspflichten im Finanzdienstleistungssektor veröffentlicht – was...

McDermott Will & Emery on

Mit Newsletter vom 04. November 2019 haben wir über die Pläne der EU zur Förderung nachhaltigen Wirtschaftens und der entsprechenden Umgestaltung des Finanzsystems berichtet. So soll insbesondere eine EU-Taxonomie-Verordnung...more

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