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Showing 1 - 10 of 33 matches filtered by 'ESG'

  • New code of conduct for ESG ratings and data providers

    29/11/2022
    The appetite for environmental, social and governance (ESG) focused financial products and services gathers pace. At the same time, financial services firms are under increasing scrutiny for "greenwashing", which refers to false claims of how "green" or socially-focused a financial product or service may be. Many firms are making their ...
  • ESG: A summary of the FCA’s Sustainability Disclosure Requirements (SDR) and investment labels consultation paper (CP22/20)

    17/11/2022
    The FCA’s long-awaited Consultation Paper setting out its proposals for the UK’s sustainability disclosure regime (CP22/20) was published on 25 October 2022. The updated proposals are materially different to those set out in the FCA’s November 2021 Discussion Paper (DP21/4), reflecting the strength of feedback on the Discussion Paper and ...
  • ESMA Guidelines on suitability updated to take into account sustainability factors, risks and preferences of the clients

    14/10/2022
    On 23 September 2022, ESMA released an updated version of its Guidelines on certain aspects of the suitability requirements as provided for under Directive 2014/65 on Markets in Financial Instruments (“MiFID II”) (the “Guidelines”). These Guidelines aim to ensure a common, uniform and consistent implementation of the MiFID II requirements ...
  • Executive Remuneration and ESG

    31/08/2022
    Environmental, social and governance (ESG) considerations are top of the agenda for many companies today. While ESG seeps into all aspects of business, executive remuneration is one of the areas that is beginning to address ESG concerns. Recent research found that three in five FTSE 100 executive bonus plans now ...
  • Does the Financial Services and Markets Bill 2022 secure the UK’s green finance agenda?

    12/08/2022
    The UK was described as “the best place in the world for green finance” by Rishi Sunak, the former UK Chancellor of the Exchequer, in his Mansion House speech last year. In helping to secure the UK as a world leading net zero financial centre, the Financial Services and Markets ...
  • Crypto and ESG - 11 things you need to know ...

    13/07/2022
    Cryptoassets are in the spotlight for many reasons. The use of cryptocurrencies as an alternative to fiat currencies is being explored and tested further by global events. Cryptoassets and blockchain also remain sources of deep and rapid innovation in financial markets. They are proving to be both investable and adoptable ...
  • ESAs provide further guidance on application of SFDR

    10/06/2022
    1. Background In her speech given on 31 May 2022, Verena Ross – Chair of the European Securities and Markets Authority (“ESMA”) – warned on the danger of greenwashing, as disclosures requirement under the Sustainable Finance Disclosure Regulation (“SFDR”) are too often used as product classification for marketing purposes. She ...
  • Critical Third Parties to the financial services sector: the dawn of a new era

    09/06/2022
    Background HMT has confirmed that it will legislate to permit UK financial regulators to directly oversee and supervise (previously unregulated) “critical” third parties (“CTPs”) that provide services to the finance sector. Financial services firms have become increasingly reliant upon cloud and other third-party providers in recent years, coming to rely ...
  • The ESAs have submitted further SFDR queries to the Commission

    25/05/2022
    I. Background While Level 1 of the Sustainable Finance Disclosure Regulation (“SFDR”) has been applicable for over a year, the investment funds managers have been facing uncertainties with regards to the timing and interpretation of the SFDR Level 2 requirements, set out as regulatory technical standards (“RTS”). On 14 July ...
  • FCA Rules on Diversity and Inclusion

    20/05/2022
    On 20 April 2022, the FCA published PS22/3, setting out its policy statement and final rules on diversity and inclusion on company boards and executive management (Policy Statement) building on the proposals in Consultation Paper 21/24 (CP21/24). The Policy Statement introduces new Listing Rules (Listing Rules) and amendments to the ...