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United Kingdom Environmental Social & Governance (ESG) Green Finance

BCLP

UK Sustainability Disclosure Requirements - 2024 Update

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The Government’s recently published Sustainability Disclosure Requirements (SDR): Implementation Update 2024 outlines the timeframes and next steps for each of the core elements of SDR, first proposed in 2021 to provide a...more

Goodwin

Horizon Scan for Private Investment Funds: Key Recent and Expected funds, Regulatory and Tax Developments to look out for -...

Goodwin on

Welcome to the first edition of our Horizon Scan for 2024: key recent and expected funds, regulatory and tax developments to look out for. As before, we focus on the most important developments and changes that we expect to...more

A&O Shearman

UK Consultation on the Emissions Trading Scheme’s Free Allocation Methodology

A&O Shearman on

The U.K. Emissions Trading Scheme Authority has launched a consultation on its approach to free allocations. The ETS is proposing options to amend the free allocation methodology, focusing on its approach to accounting for...more

A&O Shearman

UK Consultation on Revisions to Emissions Trading Scheme Markets Policy

A&O Shearman on

The U.K. Emissions Trading Scheme Authority has launched a second consultation on the review of the ETS markets policy. Feedback to the first consultation has been taken into account to prepare the proposals discussed in this...more

Cadwalader, Wickersham & Taft LLP

UK Announces Plans to Publish Sustainability Disclosure Standards by July 2024

In August 2023, the UK’s Department of Business and Trade (DBT) announced the creation of new sustainability rules that are intended to align with the IFRS Sustainability Disclosure Standards issued by the International...more

Cadwalader, Wickersham & Taft LLP

UK Regulator Raises Concerns over the Sustainability-Linked Loans Market, Including Potential Greenwashing

On June 29, 2023, the Financial Conduct Authority, the UK’s financial markets regulator, released a summary of its concerns over the market for sustainability-linked loans (SLLs). Responding to concerns that banks overstate...more

A&O Shearman

UK Green Finance Strategy - what to expect in 2023

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In what was dubbed ‘Energy Security Day’, on 30 March 2023, the UK Government released an extensive suite of publications outlining plans to support the country’s legally binding net-zero target by 2050. This included the...more

A&O Shearman

UK Government Consults on Regulation of ESG Ratings Providers

A&O Shearman on

As part of its new Green Finance Strategy, HM Treasury has published a consultation paper on proposals to regulate providers of environmental, social and governance ratings. Such ratings providers offer assessments on a...more

A&O Shearman

UK Government Publishes 2023 Green Finance Strategy

A&O Shearman on

The U.K. Government has published the 2023 Green Finance Strategy, its latest plan for mobilizing finance to support the shift to a greener financial system. The U.K. has committed to becoming a net zero economy by 2050....more

Cadwalader, Wickersham & Taft LLP

UK Updates Its Green Finance Strategy and Launches ESG Ratings Regulation Consultation

On March 30, 2023, the UK government announced the publication of its 2023 green finance strategy, updating its earlier 2019 strategy, which is intended to mitigate climate-related risk and damage while increasing the amount...more

Hogan Lovells

UK: Updated Green Finance Strategy 2023

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The government's updated net-zero Green Finance Strategy was published on 30 March 2023. We set out below the key elements of the updated Strategy which focuses on the need for green investment and on opportunities for the...more

Latham & Watkins LLP

UK Government Consults on Regulation of ESG Ratings Providers

Latham & Watkins LLP on

The consultation considers what a potential regulatory regime would look like, and its proposed scope. On 30 March 2023, HM Treasury published a consultation on regulating ESG ratings providers, which ties in with and...more

Cadwalader, Wickersham & Taft LLP

Disclosure: Financial Institution Advertisement Banned by UK Regulator

The UK’s Advertising Standards Authority (ASA) has ruled that two UK retail banking advertisements, which made claims about the financial institution’s green credentials, were “misleading” and “omitted material information.”...more

White & Case LLP

A range of tactics is needed to achieve a lower-carbon world

White & Case LLP on

Countries and companies are increasingly committing to net-zero goals that would require them to significantly reduce carbon emissions on relatively short timelines. The transition to a lower-carbon world won’t be easy, given...more

Cadwalader, Wickersham & Taft LLP

2022 and Beyond – The Rise of ESG in the UK and Europe

ESG considerations is a key theme that has heavily influenced investments over the past few years and which will no doubt play an even more prominent role in the 2020s. We touched on this briefly in our 2021 closing article...more

Latham & Watkins LLP

ESG on the Rise in M&A Transactions

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Dealmakers should continue to weigh the impact of ESG issues on M&A deals as ESG standards evolve. Environmental, social, and governance (ESG) issues have become increasingly important for corporates in recent years,...more

Hogan Lovells

FinTech: The Notorious E.S.G

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The position as set out in this article is correct as at 9 December 2021. ESG issues - driven by consumer, investor and stakeholder demand, and rapid regulatory change – have experienced a meteoric rise. They are...more

Morrison & Foerster LLP

Greening Finance: Getting the UK Show on the Road(map)

On 18 October 2021, HM Treasury published a policy paper called “Greening Finance: A Roadmap to Sustainable Investing (the “Roadmap”), which represents Phase 1 of the UK government’s 2019 Green Finance Strategy. It addresses...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

A&O Shearman

ESG Update: UK Government Releases Roadmap to Sustainable Investing

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The “Greening Finance” Roadmap outlines plans for new sustainability-related disclosures and implements a “Green Taxonomy” to evaluate corporate environmental behaviour and counter greenwashing....more

Latham & Watkins LLP

TCFD Releases New Guidance on Climate-Related Metrics, Targets, and Transition Plans

Latham & Watkins LLP on

The guidance offers clarification on key aspects of the TCFD’s recommendations on climate reporting. On 14 October 2021, the Task Force on Climate-related Financial Disclosures (TCFD) released a new guidance document on...more

BCLP

Roadmap to Sustainable Investing: UK Government proposals for a green finance rulebook - with an industry call to action to help...

BCLP on

Building on its ambition to develop the UK as an international centre for green finance, as first set out in its 2019 Green Finance Strategy, the Government has published its Roadmap to Sustainable Investing. There are four...more

BCLP

London Stock Exchange guide to climate reporting

BCLP on

Building on the work of the Task Force on Climate-Related Financial Disclosures (TCFD), the London Stock Exchange has created a practical guide to help listed and AIM companies effectively disclose and communicate their...more

Latham & Watkins LLP

UK Government Releases Roadmap to Sustainable Investing

Latham & Watkins LLP on

The roadmap introduces sustainability disclosure requirements for UK companies and reveals further developments in relation to a UK Green Taxonomy. On 18 October 2021, the UK government released a report titled “Greening...more

Dechert LLP

International Capital Markets Newsletter: The ESG Edition - June 2021 – Issue 4: ESG Updates in the UK and European Capital...

Dechert LLP on

Introduction - The need for one set of clear environmental, social and governance guidelines is an issue of increasing importance for UK and European capital market participants. For issuers, the ability to demonstrate...more

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