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

UK, EU and international ESG and sustainable finance update: FSB climate disclosures; LMA green loans; EIOPA Solvency II fossil-fuel capital; EU ESG ratings/Taxonomy guidance; IOSCO transition plans

Published on: 14 November 2024

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

UK developments

FSB reports significant progress on global climate disclosure standards implementation

The Financial Stability Board (FSB) has released its 2024 update on delivering consistent climate-related reporting, noting strong momentum in adopting International Sustainability Standards Board (ISSB) disclosure standards. In 19 of the FSB’s 24 jurisdictions there are now regulations, guidelines, or strategic roadmaps in place, and 17 jurisdictions have introduced or proposed requirements grounded in the ISSB standards and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. See: LNB News 12/11/2024 58. Sources: FSB reports on progress towards globally consistent and comparable climate-related disclosures, 2024 progress report on Achieving Consistent and Comparable Climate-Related Disclosures, and IFRS Progress Report on Corporate Climate-related Disclosures.

LMA publishes draft provisions for green loans

The Loan Market Association (LMA) has issued draft green loan provisions, offering suggested clauses for inclusion in LMA loan documentation, aligned with the LMA’s Green Loan Principles and related guidance notes. Aimed at mirroring current market practice, the provisions are intended to help preserve the integrity of the green loan market by supplying a foundational drafting framework to support parties as they negotiate the documentation...

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