News & Analysis as of

United Kingdom Environmental Social & Governance (ESG) Task Force on Climate-related Financial Disclosures (TCFD)

Paul Hastings LLP

Global and Japanese ESG Market and Regulatory Trends in Respect of ESG Risk, Impact and Opportunity Management: Sifting Signal...

Paul Hastings LLP on

Climate change disclosures have recently become mandatory in Japan, following amendments to the Financial Instruments Exchange Act (FIEA) and the Cabinet Office Order on Disclosure on Corporate Affairs. These require...more

Goodwin

Sustainability Disclosure Rules in the UK: Extending the FCA’s Regime to Portfolio Managers

Goodwin on

In our previous alert The FCA’s Sustainability Disclosure Requirements and Labelling Regime (SDR): A Flexible Regime for UK Private Fund Managers, we examined the final framework under policy statement PS23/16, on...more

Latham & Watkins LLP

Recent Developments for UK PLCs - March Edition

Latham & Watkins LLP on

On 23 February 2024, the Investment Association (IA) issued its annual letter to FTSE 350 remuneration committee chairs providing an update on the IA’s Principles of Remuneration and emerging views on remuneration matters....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

Proskauer Rose LLP

Regulation Round Up - October 2023

Proskauer Rose LLP on

Fund Tokenisation: The Financial Conduct Authority (“FCA”) published a press release announcing that it has joined the Monetary Authority of Singapore’s Project Guardian, a collaborative initiative with the financial industry...more

Proskauer Rose LLP

FCA Welcomes the Launch of the Transition Plan Taskforce Disclosure Framework – The Relevance for UK Asset Managers

Proskauer Rose LLP on

The Transition Plan Taskforce Disclosure Framework (the “TPT Framework”) published on 9 October 2023 has been publicly welcomed by the UK’s Financial Conduct Authority (the “FCA”).  For UK asset managers and portfolio...more

Jones Day

From Aspiration to Execution—ESG Legal Risks in the UK Real Estate Sector

Jones Day on

ESG issues are front and centre in many sectors and many boardrooms. The UK real estate sector is no exception. Unsurprisingly, the principal focus has been on the “E”, with the environmental aspects of developing and...more

Proskauer Rose LLP

UK and EU Sustainable Finance Regulation: Taking Stock with Change on the Horizon

Proskauer Rose LLP on

Both opportunities and challenges have arisen for the asset management industry as a result of the rapid introduction of UK and EU sustainable finance regulation in recent years. The new requirements have been heightened in...more

Latham & Watkins LLP

Recent Developments for UK PLCs - September Edition

Latham & Watkins LLP on

On 10 August 2023, the FCA published Primary Market Bulletin 45, which describes its process for developing its policy position in relation to the new ISSB standards and developing climate-related transition plan guidance for...more

Latham & Watkins LLP

UK Announces Sustainability Disclosure Standards Based on the ISSB

Latham & Watkins LLP on

The UK standards will aim to increase the comparability and value of reported information for investors. The UK government announced on 2 August 2023 that it will develop standards for company sustainability disclosures...more

Hogan Lovells

A Deep Dive into the UK Transition Plan Taskforce Disclosure Framework

Hogan Lovells on

In this article we consider the UK Transition Plan Taskforce (TPT) and the draft disclosure framework which was published in November 2022 for consultation. The TPT disclosure framework sets out voluntary “gold standard”...more

A&O Shearman

The FCA’s latest thinking on sustainability – where will UK regulation go next?

A&O Shearman on

The Financial Conduct Authority (FCA) has published a Discussion Paper (DP) (DP23/1) titled “Finance for positive sustainable change: governance, incentives and competence in regulated firms”, which explores a number of key...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 our January 2023 Horizon Scan, where we focus on some of the principal recent and expected developments and changes that we expect to be of interest to those in the non-listed funds sector. We have grouped the...more

A&O Shearman

Sustainability disclosures – opening Pandora’s box?

A&O Shearman on

The ESG reporting landscape has accelerated significantly in the past five years, with the nature and scale of reporting requirements changing. This article discusses recent trends around entity-level and product-level...more

Latham & Watkins LLP

Key Topics for the 2023 UK AGM and Reporting Season

Latham & Watkins LLP on

UK listed companies face regulatory changes and developing market practices in the areas of ESG reporting, executive remuneration, share issuance authorities, meeting formats, and structured digital reporting. Key Points:...more

Venable LLP

ESG at Home and Abroad: What You Need to Know

Venable LLP on

In a recent live event at our New York office, Venable partner Alex Koff led a panel discussion that explored domestic and international environmental, social, and governance (ESG) concerns....more

Goodwin

The Sustainability Disclosure Requirements and Investment Labels Rules: Tougher ESG Standards for UK Private Fund Managers

Goodwin on

​​​​​​​In our previous client alert, FCA ESG Rules: The Next Deadline for UK Private Fund Managers, we noted the likely expansion of the Environmental, Social, and Governance Sourcebook (ESG Rules) of the UK Financial Conduct...more

Morrison & Foerster LLP

New Climate-Related Financial Disclosures for Private Companies and LLPs

Companies and limited liability partnerships (LLPs) “with the greatest economic and environmental impact” are now subject to the legal requirement to assess their climate risks and disclose climate-related financial...more

Akin Gump Strauss Hauer & Feld LLP

BEIS Guidance Notes on Climate-Related Disclosure Obligations

Ahead of The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022  (the “Regulations”) taking effect on April 6, 2022, the U.K. Department for Business, Energy & Industrial Strategy (BEIS)...more

Hogan Lovells

ESG Perspectives - A 360° view of key ESG issues and opportunities for corporates in 2022

Hogan Lovells on

Whether it is the announcement of another new policy or regulation, pressure from an activist shareholder, responding to changes in consumer demand, or addressing global political events, environmental, social and governance...more

Skadden, Arps, Slate, Meagher & Flom LLP

Q&A: New Climate-Related Disclosure Regulations for UK Companies and LLPs

The U.K. Parliament has approved climate-related disclosure requirements that were announced by the U.K.’s Department for Business, Energy and Industrial Strategy’s (BEIS) on 28 October 2021 (see our 18 November 2021 alert...more

Hogan Lovells

ESG Market Alert – April 2022

Hogan Lovells on

In this alert, we provide a round-up of the latest developments in ESG for UK corporates. In this month’s ESG Market Alert, we cover: The SEC’s recent proposal for climate-related disclosure rules in the US. The new carbon...more

WilmerHale

Greenwashing - a new regulatory risk

WilmerHale on

A key plank to the Government’s regulatory ESG agenda is simple: investment in sustainable projects and companies will assist the UK in meeting its environmental targets. Consumer interest appears to be aligned: there is a...more

Dechert LLP

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

Dechert LLP on

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 Rules on Climate-related Disclosures – A Q&A for Asset Managers

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As mentioned in our latest briefing note, the UK Financial Conduct Authority (FCA) published its final rules and guidance (the “Rules”) setting out the requirements under a new climate-related disclosure regime for certain...more

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