Christmas is coming early to the ESG bond market as the new EU Green Bond Standard applies from 21 December 2024.
The new standard is conceptually similar to existing ICMA use of proceeds standards but quite different in the detail.
Under the standard, net proceeds, subject to certain exceptions, must be allocated to EU taxonomy-aligned
The Basel III standards comprise a package of reforms that were largely agreed by the Basel Committee on Banking Supervision (“BCBS”) in December 2017 and set out in the BCBS standard “Basel III: Finalising post-crisis reforms” (BCBS 424).
To implement these standards, the European Commission has amended the Capital Requirements Regulation (Regulation (EU) 575/2013, as
On 14 May 2024, the European Securities and Markets Authority (“ESMA“) published its final report on “Guidelines on funds’ names using ESG or sustainability-related terms” (the “Guidelines“). The Guidelines aim to provide fund managers with clear and measurable criteria to assess their ability to use ESG and/or sustainability-related terms
On 23 April 2024, the UK’s Financial Conduct Authority (“FCA“) published its “Finalised non‑handbook guidance on the Anti‑Greenwashing Rule (FG/24/3)” (the “Guidance“). The FCA has published the Guidance to help in-scope firms understand and comply with the anti-greenwashing rule, which will come into effect on 31 May 2024.
Background
The anti-greenwashing rule is
In this MB Microtalk video, Mayer Brown’s James Taylor discusses “Greenwashing,” or essentially portraying a company’s products, activities or policies as having positive environmental outcomes when that is not the case.
This microtalk is a part of a series on Greenwashing. Watch the other episodes on our MB Microtalk page.
In this MB Microtalk video, Mayer Brown’s James Taylor discusses “Greenwashing,” or essentially portraying a company’s products, activities or policies as having positive environmental outcomes when that is not the case.
This microtalk is a part of a series on Greenwashing. Watch the other episodes on our MB Microtalk page.
In this MB Microtalk video, Mayer Brown’s James Taylor discusses “Greenwashing,” or essentially portraying a company’s products, activities or policies as having positive environmental outcomes when that is not the case.
This microtalk is a part of a series on Greenwashing. Watch the other episodes on our MB Microtalk page.
In this MB Microtalk video, Mayer Brown’s James Taylor discusses “Greenwashing,” or essentially portraying a company’s products, activities or policies as having positive environmental outcomes when that is not the case.
This microtalk is a part of a series on Greenwashing. Watch the other episodes on our MB Microtalk page.
The Securities and Exchange Commission (the “SEC”) has adopted new rules that require public companies to disclose substantial information about the material impacts of climate-related risks on their business, financial condition, and governance (the “Final Rules”). The SEC says that “climate-related risks, their impacts, and a public company’s response to those risks can significantly affect
On 28 November 2023, the UK’s Financial Conduct Authority published its “Sustainability Disclosure Requirements (“SDR“) and investment labels” policy statement (PS23/16) (the “Policy Statement”). The Policy Statement introduces a set of new rules aimed at tackling greenwashing, including investment product sustainability labels and restrictions on how terms like “ESG”, “green” and “sustainable”