ESG Content

On June 13, 2023, the European Commission published a proposal for a regulation on ESG ratings providers ("Proposal") as part of a new sustainable finance package. The Proposal will now go through the ordinary legislative procedure whereby the European Parliament and Council will...

The Office of Information and Regulatory Affairs released the Spring 2023 Unified Agenda of Regulatory and Deregulatory Actions on June 13, 2023. The agenda includes regulatory actions that the Securities and Exchange Commission and Commodity Futures Trading Commission expect to take...

On 1 June 2023, the European Supervisory Authorities (ESAs) published their progress reports on the monitoring and supervision of greenwashing, in which they put forward a common definition of greenwashing applicable to market participants across their respective remits – financial...

We submitted a letter to the SEC today strongly recommending that the compliance date for any final Fund ESG rule1 not precede the compliance date for any final Public Company Climate rule.2 We pointed out that it would be irresponsible for the SEC to require environmental funds (i.e...

On April 12, 2023, the European Supervisory Authorities (ESAs) released a consultation paper seeking feedback on amendments to the Regulatory Technical Standards (RTS) under the Sustainable Finance Disclosure Regulation (SFDR). The consultation is in response to a mandate from the...

On March 31, 2023, the Japan Financial Services Agency (FSA) finalized amendments to the supervisory guidelines for financial business operators related to ESG Investment Trusts and ESG integration. These revisions provide regulatory guidance on the disclosures and conduct of ESG...

On April 14, 2023, the Stock Exchange of Hong Kong Limited (HKEX) released a consultation paper seeking feedback on mandatory climate disclosure requirements for all Hong Kong-listed issuers. HKEX proposes to transition its current "comply-or-explain" climate disclosure provisions to...

On March 30, 2023, the HM Treasury released a consultation paper seeking feedback on the initial scope of a potential regulatory regime for ESG ratings providers. The HM Treasury intends to bring ESG ratings providers into the regulatory perimeter, under the oversight of the Financial...

On March 15, 2023, the Securities and Futures Commission (SFC) provided guidance on how funds making Article 8 and 9 disclosures under the EU Sustainable Finance Disclosure Regulation (SFDR) that are authorized in Hong Kong should incorporate SFDR pre-contractual disclosure template...