A district court has ruled that federal law does not preempt an indirect source rule that targets emissions associated with warehouses in Southern California.
By Joshua Bledsoe, Nick Cox, and Jennifer Garlock
On December 14, 2023, a US federal judge rejected claims that federal law preempts the South Coast Air Quality Management District’s
Goods imported into the UK from countries with a lower or no carbon price will face a levy by 2027.
By Paul A. Davies, Michael D. Green, and James Bee
On 18 December 2023, the UK government announced a proposal for a new carbon border adjustment mechanism (UK CBAM). The announcement follows extensive
The voluntary code aims to enhance transparency and improve comparability and reliability of ESG data and scores.
By Paul A. Davies, Farhana Sharmeen, Michael D. Green, James Bee, and Kevin Mak
The Monetary Authority of Singapore (MAS) has published a Code of Conduct for Providers of Environmental, Social, and Governance (ESG)
The new rules would oblige companies to integrate their human rights and environmental impact into their management systems.
By Paul A. Davies, Michael D. Green, and James Bee
On December 14, 2023, the European Council (Council) and European Parliament (Parliament) reached provisional agreement on the Corporate Sustainability Due Diligence Directive (CSDDD). The agreement
The Private Members Bill, if passed, would establish the UK’s first law mandating business due diligence on human rights and the environment.
By Paul A. Davies, Michael D. Green, and James Bee
On 28 November 2023, Baroness Young of Hornsey (Baroness Young) introduced the Commercial Organisations and Public Authorities Duty (Human Rights and
The Taxonomy aims to define green and transition economic activities to identify and allocate capital to sustainable projects and initiatives.
By Paul A. Davies, Farhana Sharmeen, Michael D. Green, James Bee, and Kevin Mak
On 3 December 2023, the Monetary Authority of Singapore (MAS) unveiled the Singapore-Asia Taxonomy for Sustainable Finance
The Supervisory Body published the Methodology Guidance and the Removal Guidance to be presented for discussion in COP28.
By Jean-Philippe Brisson, Paul A. Davies, Joshua T. Bledsoe, Michael Dreibelbis, Qingyi Pan, and Brett Frazer*
After two years of discussion, the Supervisory Body (SB) responsible for determining the guidelines for
The artificial intelligence platform is the most recent development in Singapore’s green initiatives as part of Project Greenprint.
By Paul A. Davies, Farhana Sharmeen, Michael D. Green, James Bee, and Kevin Mak
A new platform called “Gprnt.ai” (Gprnt), which launched in November 2023, aims to unify existing pilots under Project Greenprint
The FCA has set out good and poor practices for asset managers to consider in relation to funds with ESG or sustainable characteristics.
By Nicola Higgs, Anne Mainwaring, and Charlotte Collins
On 16 November 2023, the FCA published the findings from its review of how asset managers have been embedding current regulatory expectations
Guidance for the largest US financial institutions is intended to promote climate risk management consistent with general safety and soundness practices.
By Sarah E. Fortt, Betty M. Huber, Arthur S. Long, Pia Naib, Karmpreet (Preeti) Grewal, Austin J. Pierce, and Deric Behar
On October 30, 2023, the three US