The Guidelines build on current social, environmental, and technological issues facing businesses following the last update in 2011.
By Paul A. Davies, Michael D. Green, and James Bee
The Organisation for Economic Co-operation and Development (OECD) released updated Guidelines for Responsible Business Conduct on 8 June 2023 (the OECD Guidelines).
Background to the
The forthcoming guidelines will set supervisory expectations to steer financial institutions’ transition planning processes to facilitate decarbonisation efforts by their clients.
By Paul A. Davies, Farhana Sharmeen, Michael D. Green, and Shi Cheng Chong
On 8 June 2023, the Monetary Authority of Singapore (MAS) announced that it will set guidelines to
The Commission issued its formal consultation on the ESRS with a number of proposed changes.
By Paul A. Davies, Michael D. Green, and James Bee
On 9 June 2023, the European Commission (Commission) issued its formal consultation on the European Sustainability Reporting Standards (ESRS). The ESRS represent the detailed standards which set out
An evolving landscape of reforms in the ESG ratings sector continues to pose challenges to providers of ratings and scores.
By Paul A. Davies, Nicola Higgs, Rob Moulton, Michael D. Green, Becky Critchley, Anne Mainwaring, and Charlotte Collins
International momentum to regulate ESG ratings continues as the European Commission
Trialogue negotiations have begun following the parliament’s vote.
By Paul A. Davies, Michael D. Green, and James Bee
On 1 June 2023, the European Parliament voted to adopt its initial negotiating position on the EU’s proposed Corporate Sustainability Due Diligence Directive (CSDDD).
If adopted, the CSDDD would apply to large EU and non-EU businesses
The Court’s decision has prompted the US Army Corps of Engineers to freeze jurisdictional determinations for permitted activities pending additional guidance.
By Michael G. Romey, Lucas Quass, and Peter R. Viola
On May 25, 2023, by a narrow 5-4 majority, the US Supreme Court ruled in Sackett v. EPA that the Clean Water
The move represents a step forward for the small modular nuclear reactor industry, but legislative uncertainty over new nuclear facilities in the US remains.
By Marc Campopiano, Lucas Quass, and Shawna Strecker
As part of long-range plans to address climate change, many states have adopted policies to spur the transition to a low-carbon
The reform mainly focuses on streamlining and narrowing the scope of environmental review at the federal level.
By Janice Schneider, Nikki Buffa, Devin O’Connor, and Kevin Homrighausen
On June 3, 2023, President Biden signed legislation implementing the bipartisan debt ceiling and budget agreement as the “Fiscal Responsibility Act of 2023.” As part
The public consultation seeks input on the priorities, strategic direction, and future work of the ISSB.
By Paul A. Davies, Michael D. Green, and James Bee
On 4 May 2023, the International Sustainability Standards Board (ISSB) launched a public consultation to seek input on its agenda priorities for a two-year period commencing in
The Commission has clarified requirements for financial product classifications and the definition of “sustainable investment” under the SFDR.
By Paul A. Davies, Nicola Higgs, Michael D. Green, Anne Mainwaring, and James Bee
In April 2023, the European Commission (Commission) published a series of answers to questions that the European Supervisory Agencies