On 9 June 2023, the European Union published Regulation (EU) 2023/1115 on the making available on the Union market and the export from the Union of certain commodities and products associated with deforestation and forest degradation (the “Deforestation Regulation” or the “EUDR”). The EUDR entered into force on 29 June 2023, although the main prohibitions and obligations will not apply…
US APPEALS COURT TEMPORARILY HALTS SEC’S CLIMATE CHANGE DISCLOSURE RULES
On March 15, 2024, the US Court of Appeals for the Fifth Circuit granted an administrative stay of the climate-related disclosure rules recently adopted by the US Securities and Exchange Commission (the “SEC”). The SEC rules require public companies to provide information about climate-related risks that could significantly impact their business or financial statements. See our previous Legal Update for a more…
US APPEALS COURT TEMPORARILY HALTS SEC’S CLIMATE CHANGE DISCLOSURE RULES
On March 15, 2024, the US Court of Appeals for the Fifth Circuit granted an administrative stay of the climate-related disclosure rules recently adopted by the US Securities and Exchange Commission (the “SEC”). The SEC rules require public companies to provide information about climate-related risks that could significantly impact their business or financial statements. See our previous Legal Update for a more…
US APPEALS COURT TEMPORARILY HALTS SEC’S CLIMATE CHANGE DISCLOSURE RULES
On March 15, 2024, the US Court of Appeals for the Fifth Circuit granted an administrative stay of the climate-related disclosure rules recently adopted by the US Securities and Exchange Commission (the “SEC”). The SEC rules require public companies to provide information about climate-related risks that could significantly impact their business or financial statements. See our previous Legal Update for a more…
QUICK REFERENCE CHART ON KEY GLOBAL CLIMATE-RELATED DISCLOSURE RULES
Climate disclosure regulations are among the most significant and complex challenges faced by companies and boards, with a variety of requirements emanating from numerous governmental authorities and non-governmental organizations (NGOs) in recent years. Mayer Brown lawyers from around the world produced a White Paper on Global Climate Change Disclosure Initiatives and Board Corporate Governance Considerations, which can be found here, offering a thumbnail sketch…
GLOBAL CLIMATE CHANGE DISCLOSURE INITIATIVES AND BOARD CORPORATE GOVERNANCE CONSIDERATIONS
Climate disclosure regulations are among the most significant and complex challenges faced by companies and boards, with a variety of requirements emanating this past year from numerous governmental authorities and non-governmental organizations. This white paper—an expanded version of a white paper we published in January—discusses key features and differences of a dozen authorities, followed by considerations for boards concerning disclosure…
ESG Today: Week in Review
This week in ESG news: Texas pulls $8.5 billion from BlackRock over ESG; US appeals court pauses SEC’s climate disclosure rule; EU’s human rights and environmental due diligence law passes major hurdle; Deutsche Bank ties bonuses for top execs to loan book decarbonizations goals; Oracle launches sustainability data and reporting solution; Dutch court finds KLM’s sustainability advertising misleading, unlawful; Mercedes-Benz…
UK Grid Strategy to Spark Investor Confidence
National Grid ESO proposes £58 billion investment by 2035, following in footsteps of EU’s €584 billion Action Plan. Recommendations aimed at boosting the flow of finance and connectivity to the UK’s power grid will also boost investor confidence in renewable energy projects, according to industry experts. The National Grid Electricity System Operator (ESO) earlier this week proposed a £58 billion…
UK Grid Strategy to Spark Investor Confidence
National Grid ESO proposes £58 billion investment by 2035, following in footsteps of EU’s €584 billion Action Plan. Recommendations aimed at boosting the flow of finance and connectivity to the UK’s power grid will also boost investor confidence in renewable energy projects, according to industry experts. The National Grid Electricity System Operator (ESO) earlier this week proposed a £58 billion…
UK Grid Strategy to Spark Investor Confidence
National Grid ESO proposes £58 billion investment by 2035, following in footsteps of EU’s €584 billion Action Plan. Recommendations aimed at boosting the flow of finance and connectivity to the UK’s power grid will also boost investor confidence in renewable energy projects, according to industry experts. The National Grid Electricity System Operator (ESO) earlier this week proposed a £58 billion…