The consultation is part of IOSCO’s broader goal to establish global sustainability disclosure standards.
By Paul A. Davies, Nicola Higgs, and Anne Mainwaring
On 26 July 2021, the Board of the International Organization of Securities Commissions (IOSCO) published a consultation report (the Report) that proposes a set of recommendations to mitigate risks flowing from activities of ESG ratings and data products providers and to address some of the challenges faced by users of ESG ratings and data products as well as the companies that are the subject of these ratings or data products.
This blog post provides of an overview of the ESG ratings and data market and outlines IOSCO’s proposed set of 10 recommendations.
On 14 July 2021, the European Commission (the Commission) unveiled a long-awaited package of proposals that seeks to align the EU’s climate, energy, land use, transport, and taxation policies with the 
The European Commission (the Commission) recently issued two key announcements relating to the newly published 
On 25 June 2021, the Bundesrat, the legislative chamber of the German Federal States, approved the Supply Chain Due Diligence Act (Lieferkettensorgfaltsgesetz). The law now only needs to be signed by the Federal President (Bundespräsident) and published before entering into force. Two weeks before, the coalition parties reached a last-minute compromise to adopt the law ahead of the end of the legislative period in September.
On 22 June 2021, the FCA published a Consultation Paper (
On 22 June 2021, the FCA published a Consultation Paper (
Legislators and regulators around the world have long recognised that one of the most effective ways to drive change is by focusing the minds of management — specifically by attaching individual accountability for ensuring that an organisation meets expected standards. Transitioning to net-zero carbon emissions has now become a critical priority for many governments, and the spotlight is shining on the boards of financial institutions and companies to drive that change.
On May 20, 2021, California Governor Gavin Newsom signed into law 