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Environment, Land & Resources

Insights and commentary on environmental issues and developments impacting business across the world

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US OSHA’s Recent Proposal Aligns Hazard Communication With International Standards

Posted on February 26, 2021
Posted in Chemical Regulation, Environmental, Social, and Governance

OSHA calls for comments on significant proposed amendments to align Hazard Communication Standard with the United Nations Globally Harmonized System of Classification and Labelling of Chemicals.

By Julia A. Hatcher, Stijn Van Osch, Nathaniel L. Glynn*, and Jacqueline J. Yap

The US Department of Labor’s Occupational Safety and Health Administration (OSHA or the agency) published a proposed rule to amend its Hazard Communication Standard (HCS), 29 C.F.R. § 1910.1200. The February 16, 2021 amendments would align the HCS with the United Nations’ Globally Harmonized System of Classification and Labelling of Chemicals (GHS) 2017 Seventh Revision (GHS Revision 7) in various respects, including by modifying the requirements to classify hazards and to communicate those hazards and other information in Safety Data Sheets (SDS) and labeling. The public comment period on the proposed rule runs until April 19, 2021. The OSHA webpage for the proposed rule provides a red-line strikeout comparison between the current HCS and the proposed amendments, which will be helpful for stakeholders to review as they prepare comments.

Human Rights Considerations Proposed for Inclusion in UK Trade Bill

Posted on December 16, 2020
Posted in Environmental, Social, and Governance

The House of Lords has adopted two amendments to require assessment of compliance with international agreements and human rights.

By Paul A. Davies and Michael D. Green

On 7 December 2020, the UK House of Lords voted on and passed four amendments to the Trade Bill (the Bill), including two amendments referring to human rights obligations. These amendments propose requiring a mandatory assessment of human rights performance in future trade agreements, as well as an obligation on the UK to revoke trade agreements with countries found to have committed genocide.

Alliance of Global Investors Release Recommendations to Harmonise and Scale Sustainable Finance

Posted on August 14, 2020
Posted in Environmental, Social, and Governance, European Environmental and Public Law

The group’s recommendations urgently call for the global standardisation of ESG reporting requirements to help “build back better” after COVID-19.

By Paul A. Davies and Michael D. Green

On 5 August 2020, Global Investors for Sustainable Development (GISD) Alliance released to the European Commission their July 2020 report, titled Renewed, Recharged and Reinforced: Urgent actions to harmonize and scale sustainable finance.

Private Equity Firm Enters ESG-Linked Fund-Level SCF

Posted on June 15, 2020
Posted in Environmental, Social, and Governance

The ESG performance will be measured quarterly, with the average performance of the portfolio companies judged by reference to three KPIs.

By Paul Davies, Dominic Newcomb, Farah O’Brien and Michael Green

On 11 June 2020, private equity firm EQT announced that it has entered into an environmental, social, and governance–linked fund-level subscription credit facility (SCF) with an upper limit of around €5 billion[1]. The SCF, which is currently at €2.3 billion, is believed to represent the largest ESG-linked facility seen to date on the global fund financing markets, and is further evidence of the increasing interest in ESG among private equity firms.

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