ESG Content

As previously advised, on 1 October 2021 the European Securities and Markets Authority (ESMA) published a call for evidence (CfE) on certain retail investor protection issues. Attached is ICI Global's draft response to the CfE.

In November 2021, the European Parliament and Council approved the delegated act supplementing Article 8 of the EU Taxonomy Regulation.

This memorandum catalogues significant ESG related developments that have occurred since October. It references ICI memoranda that provide a more fulsome description of each matter.

On 22 October 2021, the European Supervisory Authorities (ESAs) published the final report on the draft regulatory technical standards (RTS) on the taxonomy-related disclosures for financial products subject to the disclosure requirements under Article 8 and Article 9 Sustainable...

On 23 November 2021, the Board of the International Organization of Securities Commissions (IOSCO) published final report (Final Report), containing ten recommendations applicable to ESG Ratings and Data Product Providers.

On 2 November 2021, the Board of the International Organization of Securities Commissions (IOSCO) published a report setting out five recommendations for securities regulators and policymakers in improving sustainability-related practices, policies, procedures and disclosures in the...

On 3 November 2021, the UK Financial Conduct Authority (FCA) released a discussion paper (paper) on Sustainability Disclosure Requirements (SDR) and investment labels. The FCA is asking for comments on this paper by 7 January 2022.

On 7 October 2021, the G20 Sustainable Finance Working Group (SFWG) released their 2021 Synthesis Report (Report). The Report aims at characterizing challenges, reviewing existing practices, and proposing a set of recommendations to further progress in specific priority areas set out...

On 18 October 2021, HM Treasury published its latest policy paper titled, "Greening Finance: A Roadmap to Sustainable Investing" ("Roadmap"). It refers to the UK Government's long-term goal to green the financial system and align it with the HK's net-zero commitment.

This memorandum summarizes the most significant aspects of the updated implementation guidance published by the Financial Stability Board's Task Force on Climate-related Financial Disclosures ("TCFD").