Navigating the energy transition to net zero – the course is set

For decades, pressure has been building on the energy sector to decarbonise. In 2020, we witnessed a paradigm shift in the sector. Offering investors a low carbon future Pressure to decarbonize has been driven by growing evidence and awareness of the link between burning hydrocarbons and climate change, and the prevalence of hydrocarbons in our … Read more

WHAT ARE A COMPANY’S LEGAL OBLIGATIONS RELATED TO CLIMATE CHANGE (JAPAN)

For some time, it has been recognised that climate related risks should figure in long term planning for all organisations. There is now increasing appreciation of the extent to which climate change considerations are important to business decision making today, encompassing the physical changes to the environment resulting from climate change, and the transitional risks … Read more

The Taxonomy Regulation: an overview

On 18 June 2020,  the European Parliament adopted the regulation on the establishment of a framework to facilitate sustainable investment[1] (the Taxonomy Regulation), a milestone in the EU’s Action Plan on Sustainable Finance (the Action Plan). It has since been published in the Official Journal and entered into force on 12 July 2020. The EU-wide green taxonomy set out … Read more

SUSTAINABLE FINANCE IN HONG KONG: HKMA SHARES INITIAL THINKING ON SUPERVISORY APPROACH AND RANGE OF PRACTICES BY BANKS

The Hong Kong Monetary Authority (HKMA) has recently published its White Paper on Green and Sustainable Banking, as well as a circular to share a range of practices adopted by major authorised institutions (AIs) for managing climate risks (7 July Circular). These form part of a series of initiatives by the HKMA that are intended to help shape a greener and more climate-resilient banking system. … Read more

CLIMATE CHANGE: SUCCEED IN A LOWER-CARBON FUTURE

In a 2019 global survey, 1,250 CEOs rated environmental / climate change risk the single biggest threat to business growth.1 The race is on for businesses to understand their environmental impact and to manage the legal risks to succeed in a lower-carbon future. Our report, which gathers insights from our global experts, considers the political, … Read more

Climate Change: Succeed in a lower-carbon future

The race is on for businesses to understand their environmental impact and to manage the legal risks to succeed in a lower-carbon future. Our new Climate Change: Succeed in a lower-carbon future report, which gathers insights from our global experts, considers the political, regulatory and commercial pressures arising from climate change, looks at the steps … Read more