Powered by Lexis+®
Jurisdiction(s):
United Kingdom

UK and EU sustainable finance and ESG updates: taxonomy reforms, SDR portfolio management timelines, PRA climate risk, ESMA Green Bonds standards, EBA ESG data, LMA/ICMA/ISDA developments — February 2025

Published on: 27 February 2025

Published by a LexisNexis Banking & Finance expert
Legal News
imgtext
Article summary

UK developments

LMA publishes response to HM Treasury's UK green taxonomy consultation

The Loan Market Association (LMA) has submitted its views to HM Treasury’s consultation on the UK green taxonomy, backing the government’s aims yet urging against making its development a near-term priority. While recognising a taxonomy’s role in improving transparency and deterring greenwashing, the LMA flags major delivery hurdles, including complexity and significant resource demands. It also points out that the Financial Conduct Authority’s newly introduced anti-greenwashing rule already achieves many of the intended outcomes. See: LNB News 07/02/2025 45. Source: Response to UK Green Taxonomy Consultation.

LMA publishes response to EU Commission's sustainability reporting simplification initiative

The Loan Market Association (LMA) has issued a position paper on the EU Commission’s sustainability omnibus simplification proposal, setting out five key recommendations for reform. The LMA underscores the importance of careful calibration to avoid creating fresh, unintended complexity. See: LNB News 25/02/2025 19. Source: Sustainability Omnibus Simplification Proposal (the Omnibus).

For more information on recent news on sustainable finance, see Practice Note: Sustainable finance—recent news...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Popular documents

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Read More Right Arrow

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Read More Right Arrow

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Read More Right Arrow

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

Read More Right Arrow