Russia makes further steps towards GHG emissions reduction

In one of our previous articles we provided an update on greenhouse gas (GHG) regulation in Russia covering, among other matters, the draft Russian law on reduction of GHG emissions. With active discussions regarding the EU carbon border adjustment mechanism (CBAM) in the background,[1] the revised draft finally became law on 2 June 2021[2] (the … Read more

The future of lending to the oil and gas sector

Intense, continued focus on sustainability has put pressure on the oil and gas sector to openly demonstrate its efforts to effect change across the environmental, social and governance (ESG) spectrum. The sector is still a  critical one for energy transition, and for ensuring access to energy in developing markets, so it is important that the … Read more

A General Counsel Guide to ESG

We’re delighted to share with you a major new report exploring the key trends and pressure points as general counsel mobilise to help companies tackle the high-stakes environmental, social and governance (ESG) agenda. Drawing on 20 extensive interviews with legal chiefs at major companies across the world, we explore the increasingly central role GCs are … Read more

European Commission publishes proposals for European Green Bond Standard

The European Commission (the Commission) published a draft legislative proposal for the long-awaited European Green Bond Standard (EU GBS) which was published alongside the Strategy for Financing the Transition to a Sustainable Economy on 6 July 2021. The EU GBS is intended to be a voluntary “gold standard” for green bonds and will provide a … Read more

Corporate reporting – BEIS consultation on climate-related disclosures by publicly quoted companies, large private companies and LLPs

The Department for Business, Energy and Industrial Strategy (BEIS) has launched a consultation on mandatory climate-related disclosures by publicly quoted companies, large private companies and limited liability partnerships (LLPs). Context of the proposed mandatory disclosure requirements The UK Government aims under its 2019 Green Finance Strategy for all listed companies and large asset owners to make disclosures … Read more

The scope of ESG: the rise and rise of sustainability-linked loans

In the later stages of the global pandemic, the importance of a green recovery has been emphasised across the globe, and ESG principles have permeated almost every aspect of life, including the financial markets. However, the acronym ESG has an enormously wide scope: where the move to net zero carbon emissions may be a longer … Read more