The decision could complicate states’ ability to pursue groundwater natural resource damages actions.
By Kegan A. Brown, Gary P. Gengel, Thomas C. Pearce, and Taylor R. West
On November 22, 2021, the US Supreme Court held that equitable apportionment applies to a dispute between states about their respective interests in groundwater that
The association noted that regulators could provide market participants with much-needed additional trust in ESG ratings and data.
By Paul A. Davies, Nicola Higgs, Michael D. Green, James Bee, and Anne Mainwaring
On 23 November 2021, the International Organization of Securities Commissions (IOSCO) published a report and set of recommendations (Recommendations)
The Glasgow conference was praised as a huge step forward in tackling climate change, but also drew criticism for not going far enough.
By Jean-Philippe Brisson, Paul A. Davies, Michael D. Green, and James Bee
Between 31 October and 12 November 2021, Glasgow hosted the 26th annual Conference of Parties (COP26) to
The SBTi’s standard aims to clarify the target for net zero emissions, whilst the Common Ground Taxonomy indicates China-EU cooperation on sustainable finance issues.
By Paul A. Davies, Michael D. Green, and James Bee
Last month, the Science Based Targets initiative (SBTi) launched its Net Zero Standard, which aims to provide a globally
The government also introduced transition plan requirements for companies to meet the UK’s 2050 net zero target.
By Paul A. Davies, Michael D. Green, and James Bee
On 3 November 2021, the International Financial Reporting Standards (IFRS) Foundation Trustees Chair, Erkki Liikanen, announced the long-awaited formation of the International Sustainability Standards Board (ISSB).
The regulator is inviting views on potential criteria for classifying and labelling investment products, and on further entity- and product-level sustainability-related disclosures.
By David Berman, Paul A. Davies, Nicola Higgs, Anne Mainwaring, and Charlotte Collins
On 3 November 2021, the FCA published a Discussion Paper (DP21/4) on UK Sustainability
A wide-ranging report encourages regulators to take a concerted approach to combat climate-related risks to the US financial system.
By Jean-Philippe Brisson, Paul A. Davies, Nicola Higgs, Malorie R. Medellin, and Deric Behar
On October 21, 2021, the Financial Stability Oversight Council (FSOC) published a lengthy report on Climate-Related Financial Risk
The guidance offers clarification on key aspects of the TCFD’s recommendations on climate reporting.
By Paul A. Davies, Michael D. Green, and James Bee
On 14 October 2021, the Task Force on Climate-related Financial Disclosures (TCFD) released a new guidance document on climate-related metrics, targets, and transition plans (the Guidance). The Guidance seeks
Project applicants and agencies alike should think carefully about developing robust analyses that demonstrate the adequacy of water supply.
By Marc T. Campopiano, Diego Enrique Flores, and Lucas I. Quass
Mark Twain is often credited with saying, “Whiskey is for drinking; water is for fighting over.” This remains true in California, where drought
Making Europe greener, fairer, and more sustainable is at the heart of the European Commission’s new work programme.
By Paul Davies, David Little, Michael D. Green, and Pierre Bichet
On 19 October 2020, the European Commission (Commission) published its Work Programme (Programme) for 2021. The Programme — “A Union of vitality in