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Sustainable finance and ESG: weekly legal and regulatory update—greenwashing, climate scenario analysis, TCFD disclosures, reporting timelines and transition plans (18 April 2024)

Published on: 18 April 2024

Published by a LexisNexis Banking & Finance expert
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UK developments

  • BoE article explores ways to measure climate-related financial risks using scenario analysis

    The Bank of England (BoE) has issued an article on how financial institutions can deploy scenario analysis to quantify climate change risks. It explains extending macro-climate scenarios to conduct fine-grained, asset-level risk assessment, with illustrations spanning sovereign bonds, corporate bonds and residential mortgages. See: LNB News 17/04/2024 35. Source: Measuring climate-related financial risks using scenario analysis.

  • FCA greenwashing rules need to be stronger to be effective

    The Financial Conduct Authority’s (FCA) new anti-greenwashing measures take effect in May 2024. The analysis is written by Jingchen Zhao, professor of law and co-director of the Centre for Business and Insolvency Law at Nottingham Trent University Law School. See News Analysis: FCA greenwashing rules need to be stronger to be effective.

  • HMT publishes responses to consultation on TCFD-aligned disclosures

    HM Treasury (HMT) has released a summary of responses to its consultation on new climate-related financial disclosures in entity-level annual reports, aligned with the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations. The consequent updates to the application guidance have also been published. See: LNB News 16/04/2024 23...

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