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UK and EU Sustainable Finance Weekly—TPT extension, FCA SDR and anti‑greenwashing, EBA ESG risk survey, ECB climate programme, EU taxonomy practices, LMA guidance—1 February 2024

Published on: 01 February 2024

Published by a LexisNexis Financial Services expert
Legal News
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UK developments

HMT extends Transition Plan Taskforce mandate

The Transition Plan Taskforce (TPT) has confirmed that HM Treasury (HMT) has now prolonged its mandate until at least 31 July 2024, with a potential further three month extension to the very end of October 2024, to support the Transition Finance Market Review (TFMR), which was launched on 22 January 2024. See: LNB News 25/01/2024 44. Source: The TPT’s mandate has been extended.

New one minute guide on the FCA’s Sustainability Disclosure Requirements (SDR) and Labelling Regime

The LexisNexis Financial Services practical guidance team, working with knowledge counsel, Chris Ormond, and partner, Dr Andrew Henderson of Goodwin LLP, has released a new one minute guide that presents a concise summary of the key requirements of the UK Sustainability Disclosure Requirements (SDR) and labelling regime. See: The FCA’s Sustainability Disclosure Requirements (SDR) and Labelling Regime—one minute guide

EU developments

EBA surveys credit institutions on classification methodologies for ESG risks

The European Banking Authority (EBA) is currently gathering input from credit institutions on their approaches to classifying exposures to environmental, social and governance (ESG) risks, and on the accessibility and availability of ESG data needed for that task. The aim is to collect qualitative...

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