European Union ESG Content

On 17 December 2021, the UK Financial Conduct Authority (FCA) published final rules and guidance relating to the climate-related disclosure requirements for asset managers, life insurers, and FCA-regulated pension providers.

On Thursday, February 17, ICI Global held a call with members to provide an update on the global landscape of regulatory developments related to sustainable finance and discussed strategic policy priorities.

On 20 December 2021, the European Commission published a set of frequently asked questions (FAQs) to provide implementation guidance on the Disclosures Delegated Act under Article 8 of EU Taxonomy Regulation.

On 4 November 2021, the International Platform on Sustainable Finance (IPSF) published the Common Ground Taxonomy package, including an instruction report and a Common Ground Taxonomy Table that is open for public feedback until 4 January 2022.

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 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...

Summarized briefly below are several recent ESG-related developments that we bring to your attention. A brief description with links to the relevant documents are provided below. We will provide more fulsome memoranda describing these developments in the near future.