Further to the London Stock Exchange’s (“LSE”) announcement during COP26 that it was developing a market offering to support publicly traded carbon funds, the LSE launched a consultation last week on its new Voluntary Carbon Market (“VCM”). The consultation period closes on 11 July 2022 and the final rules are expected to be published by the end … Read more

By Olga Klimczak and Nerida Jessup Episode 14 – Fix the workplace, not the worker with David Burroughs, Westpac In this episode, our Employment, Industrial Relations and Safety team take the wheel, with Olga Klimczak and Nerida Jessup hosting special guest, David Burroughs, Chief Mental Health Officer at Westpac. It’s an important, and lively, discussion on how organisations are shaping work … Read more

Introduction The third part of the Sixth Assessment Report, Climate Change 2022: Mitigation of Climate Change, the Working Group III contribution was due to be published early on Monday 4 April 2022. However, as a result of disagreements between major polluters on issues such as the definitions and relative responsibilities of developed and developing countries, … Read more

The IPCC’s Working Group II has issued its latest Sixth Assessment Report (AR6) publication – the 2022 AR6 Group II Report (the “Group II Report“). This report addresses climate change through the lens of impacts, adaptation and vulnerability. It follows the 2021 AR6 report which was released pre-COP26 and was endorsed by 195 governments across … Read more

In March 2022, the International Sustainability Standards Board (ISSB) published two exposure drafts setting out proposed International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards. The IFRS, which sets global accounting standards, established the ISSB in light of increasing calls for transparent, reliable and comparable reporting by companies on ESG matters. The proposed standards are intended … Read more

The wait is finally over: On 6 April 2022, the EU Commission adopted the Regulatory Technical Standards (“RTS”) for the Sustainable Finance Disclosure Regulation (“SFDR”). Below we have set out our initial thoughts on this text which will be a central working document for the full implementation of SFDR by the financial services industry. Based in part on … Read more