News & Analysis as of

Sustainable Business Practices Climate Change Net Zero

Fenwick & West LLP

Amazon Urges Key Suppliers to Decarbonize

Fenwick & West LLP on

On July 10, Amazon released its 2023 Sustainability Report, which noted that the company will prioritize working with suppliers who are committed to decarbonization and reaching net-zero. According to the report, Amazon has...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

Epiq

Sustainability and the Journey towards Net Zero

Epiq on

With the pressure to address corporate responsibility increasing, it is easy for organizations to feel overwhelmed with the steps they can take to create a sustainability program that has a tangible impact on their journey...more

Womble Bond Dickinson

WBD Energy Survey and the Innovation Interchange: The Energy Transition for Non-Energy Companies

Womble Bond Dickinson on

Energy is the cornerstone of our society and its availability, or lack thereof, touches every corner of our lives and impacts every business, regardless of sector. The availability of affordable energy on-demand is essential...more

Cadwalader, Wickersham & Taft LLP

Court Declares Austrian Airlines Liable for Greenwashing

An Austrian regional court found Austrian Airlines AG (AUA), a subsidiary of German airline Lufthansa, liable for greenwashing for advertisements offering carbon-neutral flights that used 100% sustainable aviation fuel (SAF),...more

BCLP

Minimum Energy Efficiency Standards - here to stay or at risk of becoming redundant?

BCLP on

In September, ahead of the Conservative party conference, Rishi Sunak announced a step back from the Government’s net zero policy and targets.  This was followed up last week by the Government’s formal response to the Climate...more

Latham & Watkins LLP

Recent Developments for UK PLCs - November Edition

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On 16 October 2023, Nikhil Rathi, Chief Executive of the FCA, delivered a speech at the City Dinner at Mansion House which describes the FCA’s work in supporting international competitiveness and growth. Amongst other things,...more

BCLP

Corporate Briefing - May 2023

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Welcome to the Corporate Briefing, where we review the latest developments in corporate law that you need to know about. In this month’s issue, we discuss...more

Latham & Watkins LLP

UK Announces Updates to Green Finance Strategy

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The government published a new document outlining its existing and proposed objectives to develop the UK’s sustainable economy. On 30 March 2023, the UK government published an updated version of its Green Finance...more

Cadwalader, Wickersham & Taft LLP

UK’s Advertising Regulator Publishes Rules on Making Carbon Neutral and Net-Zero Claims

On February 10, the UK’s advertising regulator, the Advertising Standards Authority (ASA), announced the publication of updated guidance for advertisers making environmental sustainability-related claims to consumers,...more

Latham & Watkins LLP

GFANZ Issues Guidance on Net Zero Plans for Financial Institutions

Latham & Watkins LLP on

The Final Report recommends five themes that financial institutions should incorporate into their net zero transition strategies. On 1 November 2022, the Glasgow Financial Alliance for Net Zero (GFANZ) issued its Final...more

Latham & Watkins LLP

UK Government Announces Review of Net Zero Target

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The outcome of the review may signal what climate-related laws and policies to expect in the UK in the coming years. On 8 September 2022, newly appointed UK Prime Minister Liz Truss announced that Chris Skidmore MP, a...more

Latham & Watkins LLP

Voluntary Carbon Markets Integrity Publishes Provisional Claims Code of Practice

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The Claims Code seeks to ensure the integrity of voluntary carbon markets to support achievement of the Paris Agreement goals. The Voluntary Carbon Markets Integrity (VCMI) Initiative is “a multi-stakeholder platform to...more

Latham & Watkins LLP

UK Welcomes Formation of International Sustainability Standards Board

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The government also introduced transition plan requirements for companies to meet the UK’s 2050 net zero target. On 3 November 2021, the International Financial Reporting Standards (IFRS) Foundation Trustees Chair, Erkki...more

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