Jan 30, 2023 Hong Kong Monetary Authority publishes good practice for due diligence processes for green and sustainable products By Gilly Hutchinson Sarah Martin Clara Hackney On 9 December 2022, the Hong Kong Monetary Authority (HKMA) sent a circular (and annex) to authorised institutions (AIs) setting out some...
Dec 14, 2022 UK: CFRF publishes third set of guides to help financial industry manage climate financial risks By Sara Feijao The Climate Financial Risk Forum (CFRF), which is chaired jointly by the Prudential Regulation Authority (PRA) and Financial Conduct...
Oct 20, 2022 UK: Advertising regulator finds that bank’s adverts containing climate claims are misleading in precedent-setting case By Rebecca Burton Oorvi Mehta The Advertising Standards Authority (ASA) has used a recent ruling to give guidance to banks and advertisers operating in the financial...
Oct 03, 2022 Japan Publishes Human Rights Due Diligence Guidelines By Gilly Hutchinson Hirofumi Taba Sarah Martin Following a period of consultation, the Japanese Ministry of Economy, Trade and Industry (“METI”) has now released its finalised...
Jul 27, 2022 UK: High Court rules on whether policies in the government’s Net Zero Strategy can meet emissions reduction targets By Oorvi Mehta James Bowen On 18 July 2022, the High Court handed down its decision in Friends of the Earth, ClientEarth, Good Law Project v Secretary of State for...
Jul 26, 2022 Insights from the ‘Global Trends in Climate Change Litigation: 2022 Snapshot’ Report By Rebecca Burton Hannah Mendall On 30 June 2022, the Grantham Research Institute on Climate Change and the Environment (“GRI”) published the ‘Global Trends in Climate...
Jul 07, 2022 EU: Commission asks ESAs for input on greenwashing risks and supervision of sustainable finance policies By Sara Feijao The European Commission has asked the European Supervisory Authorities (ESAs) – i.e. the EBA, ESMA and EIOPA - for input on greenwashing...
Jul 05, 2022 UK: Government’s climate advisor warns that UK is at major risk of missing its net zero goals By Sara Feijao The Committee on Climate Change (CCC) – the UK government’s independent climate change advisor – has published a report warning that...