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The profile of corporate sustainability has been growing steadily and pressure on businesses is increasing from multiple angles. Climate change and the transition to a low carbon economy are top of the political agenda. Governments and regulators are responding to the need to mobilise green, climate smart, environmentally friendly financing. These issues present a range of challenges for businesses and innovation and technology are key to success in the future. We help clients to future-proof their businesses and identify risks and opportunities.

 

The EU's Sustainable Finance legislative proposals – What you need to know

2018 Global environment newsletter

This edition of the Global Environment Newsletter covers the following topics:

  • INTERNATIONAL: IMO Releases its initial Greenhouse Gas Strategy for Shipping: Strategy targets 40% GHG emission reductions by 2030, with efforts to achieve 70% reductions by 2030
  • INTERNATIONAL:Green Bond Principles 2018: New version refines environmental objectives and recommends independent external review
  • EU: Circular Economy Package Legislation Adopted: New rules on recycling, waste separation, landfilling and extended producer responsibility to be transposed by Member States by 5 July 2020
  • EU: European Commission Proposes New Protection for Whistleblowers: A new Directive seeks to improve reporting channels and prevent retaliatory behaviour
  • EU: Sustainable Finance Legislative Proposals Published: A new environmental sustainable taxonomy, requirements to disclose ESG risks and carbon benchmarking
  • EU/UK: The 'People Over Wind' Habitats Assessment Case: Mitigation and avoidance measures can no longer be taken into account when determining whether full habitats assessment is required for projects
  • BELGIUM: New Soil Clean-Up Statute in the Walloon Region: Less stringent decontamination standards set to incentivise clean-up works
  • CHINA: Recent Developments in the Hong Kong Green Bond Market: New $100bn green bond issuance programme and grant scheme established
  • NETHERLANDS: Exiting Coal in the Netherlands: Dutch Government proposes a new phased ban on coal-fired power generation
  • UK: Open Cast Mine Rejected on Grounds of Climate Change Impact: Possibility that applicants for development projects will need to consider supply chain impacts

Read more

 

Sustainability

Sustainable Infrastructure: The financing challenge

The recently published IPCC special report on the impact of global warming predicts that an unprecedented level of sustainable infrastructure investment will be needed every year until 2050 and beyond to limit global warming to the Paris Climate Agreement’s target of 1.5 °C. Here we explore the challenges facing infrastructure investment and the potential role of the ‘green finance’ market, governments and multi-laterals in achieving this objective. Read more.

Sustainability and its impact on business

The profile of corporate sustainability has been growing steadily over the last few years. Boosted by initiatives such as the UN Global Compact and its Sustainable Development Goals and the Paris Climate Change Agreement, the topic is becoming a mainstream and core focus of business operations in many sectors. Read more.

The EU's Sustainable Finance legislative proposals - What you need to know

Following the publication of its Sustainable Finance Action Plan in March 2018 the EU Commission has published a series of legislative proposals which aim to embed sustainable finance into the heart of the investment process and harness “the vast power of capital markets in the fight against climate change and promoting sustainability”. Read more.

 

Green Finance

Greening the Financial System

In this publication we have brought together our team to outline developments in green financing in local markets across the globe, demonstrating the sometimes contrasting approaches of different regions. We also focus on notable green financing products that show great future promise, notably sovereign green bonds, green loans and green securitisation. But the trend for innovation doesn’t stop there and green equities, sukuk, regulatory capital and hybrid bonds also look set to be growth areas in the year ahead. Read more.

 

Renewables

Hydropower - Overview and selected key issues

Hydropower is the most widely used and the oldest form of renewable energy produced around the world. It offers flexible technology that, at its smallest, can power a single home, and at its largest can supply industry and the public with renewable electricity on a national and even regional scale. This briefing looks at the key features of hydropower projects. Read more.

 

Climate Change

A Green and Sustainable Round Up

Against the well-publicised backdrop of the IPCC Report there have been a number of other papers and publications in recent weeks that also continue to shape the regulatory environment on green and sustainable finance. This briefing summarises the TCFD Status Report, the PRA and FCA papers on climate change and green finance and the European Parliament’s proposed amendments to the Commission’s benchmark regulation proposals from June. It also looks briefly, in the context of the Green GB Week, at some of the key UK government’s proposals on green finance and climate change. Read more.

New energy and carbon reporting rules: UK Clean Growth Strategy

These briefings look at the proposals published as part of the UK Government's new Clean Growth Strategy, which sets out its plans to promote growth using a low carbon economy. the Government's thinking on corporate reporting on carbon and energy. In The UK Clean Growth Strategy - New energy and carbon reporting rules, we consider the Government's thinking on corporate reporting. In The UK Clean Growth Strategy – Drawing The Strands Together, we consider the broad scope of the Clean Growth Strategy and its key elements. In The future UK corporate energy and carbon reporting framework and the end of the CRC scheme, we look at the BEIS response to the consultation on the proposals.