During the COP26 summit, a coalition of 190 countries and organisations committed to phase out coal energy by 2040 as part of their commitment to transition to a low-carbon economy. The coalition also stated, in their ‘Global Coal To
Continue Reading Just Transition: The World Benchmarking Alliance Publishes Its ‘Just Transition Assessment’
On November 26, 2021, Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA) advanced the Special Administrative Region’s sustainable finance strategy with new Principles for Adopting Sustainable Investing in the Investment and Risk Management Processes of MPF Funds (the Principles). The
Continue Reading Hong Kong Regulator Issues Sustainable Investing Principles for Pension Fund Trustees
On November 10, 2021, the Association of Southeast Asian Nations (ASEAN) released Version 1 of the ASEAN Taxonomy for Sustainable Finance (the “ASEAN Taxonomy”). First announced in March 2021, the ASEAN Taxonomy will provide a common language for sustainable
Continue Reading ASEAN Releases Sustainability Taxonomy for Southeast Asia
On November 8, 2021, the acting head of the Office of the Comptroller of the Currency (OCC), Michael J. Hsu, issued a call to action on climate change to the boards of directors of OCC-regulated banks. Specifically, he outlined an
Continue Reading Initial Climate Change Risk Management Expectations Issued by US OCC
This blog was first published by Law.com
As usual, things ran over, but eventually the parties meeting under the United Nations Framework Convention on Climate Change and, separately but together (kind of), under the Paris Agreement, adopted two “Decisions” by
Continue Reading COP26 is Over: Down But Not Out in Glasgow
The sheer volume of capital flows into sustainable, or ESG-focused, funds and products over recent months reflects the rapidly increasing number of investors with ESG-related preferences, or demands, when selecting those investments. Evaluating, and comparing, the ESG credentials of different
Continue Reading The CFA Institute releases Global ESG Disclosure Standards for Investment Products
Many UK companies will soon be mandated to make TCFD-aligned disclosures. This follows the Financial Conduct Authority’s (FCA) introduction of the Listing Rules (Disclosure of Climate-Related Financial Information) Instrument in December 2020, which requires companies with a UK premium
Continue Reading TCFD: Preparing for Mandatory Reporting
This blog was first published by Legal Business.
As the 2021 United Nations Climate Change conference gathers momentum, our colleague, Tim Baines finds optimism beyond the platitudes.
Continue reading at Legal Business.
Continue Reading COP26 Heats Up and Global Temperature Pledges Spur Optimism
Climate change could have serious impacts on the mortgage industry, and stakeholders should take action now. That is the recent urgent message from federal regulators and mortgage industry stakeholders.
Recent reports and initiatives from the Mortgage Bankers Association’s Research Institute
Continue Reading Climate Change Impacts to the US Mortgage Industry
While climate litigation against private actors in Brazil has been gaining more attention and employing creative legal strategies, as we have already commented here and here, litigation against the government is also keeping pace, as illustrated by a recent
Continue Reading Climate Litigation in Brazil: New Developments in Seeking Government Action Towards More Ambitious Legislation
