Italy ESG GEMS - July 2023

This summer edition focuses on updates related to the sustainable finance, disclosure and reporting, climate change and environment. We invite you to follow our new podcast series on EU Green Bond Regulation, and to look into the developments in global climate change litigation set out in the 5th Report from Grantham Research Institute on Climate Change and the Environment. We also set out the concerns about sustainability-linked loans market outlined by FCA, and highlight the recently published package of legislative proposals on “sustainable use of key natural resources” as part of the EU’s wider circular economy strategy and European Green Deal. Enjoy the reading!

Focus on

• EU Green Bond Regulation

Sustainable Finance

• FCA outlines concerns about sustainability-linked loans market
• EBA consults on draft templates for collecting data for one-off climate risk scenario analysis

Disclosure & Reporting

• EU: ESMA’s Statement on expected sustainability disclosures in prospectuses

Climate Change & Environment

• Insights from the ‘Global Trends in Climate Change Litigation: 2023 Snapshot’ Report
• EU: Commission publishes proposals on food waste, textile waste and soil health
• Biodiversity loss: Regulatory trends in the UK and EU

Competition & Antitrust

• Baby steps – European Commission opens the door for positive engagement on sustainability agreements but more can be done