8 november 2023
Italy ESG GEMS - June 2023
In this edition we focus on a number of legislative proposals, delegated acts, guidelines and standards that were published in the last month, touching upon various topics within the ESG space – from sustainable finance to greenwashing, from reporting and disclosure standards to climate litigation.
Focus on
Sustainable Finance
- EU Commission proposes authorisation and new rules for ESG rating providers: expect tight timeframes, especially if you’re outside the EU
- EU Commission publishes sustainable finance package including Taxonomy Delegated Acts and FAQ
- ICMA releases new resources on Green, Social, Sustainability and Sustainability-Linked Bond Principles
- LMA publishes model provisions for sustainability-linked loans
- EBA consults on benchmarking of diversity practices under CRD and IFD
Disclosure & Reporting
- CSRD: European Commission publishes draft delegated act with first set of sustainability reporting standards
- ISSB publishes final versions of first two global sustainability disclosure standards
Climate Change & Environment
- Climate litigation as a financial risk: a direct causal link between climate litigation and share prices
- Deforestation Regulation: EU imposes new due diligence duties on operators and traders
- European Commission publishes Taxonomy Delegated Acts with criteria for remaining four environmental objectives and additional criteria for climate