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BLOG: EU Clean Industrial Deal: Energy policy plays a leading role The EC recognises that high energy costs mean that existing industries may choose to relocate, or new investments may take place outside of the EU. The Action Plan on Affordable Energy (APAE) (adopted in February) is at the heart of CID proposals to...
BLOG: EU Clean Industrial Deal: Commitments to competitiveness and decarbonisation The European Commission (EC) Clean Industrial Deal (CID), published on 26 February 2025, outlines the European Union’s plan to accelerate industrial decarbonisation whilst securing the future of EU manufacturing in the face of high energy costs and...
BLOG: The ESG and DEI Discussion - from Brussels to Washington In this podcast, Harry Hecht, Philippa O’Malley and Moira Thompson Oliver sit down with Michael Arnold, Partner at Cravath, Swaine & Moore LLP, to revisit how ESG has been increasingly caught up in the electoral cycle on both sides of the Atlantic,...
BLOG: SBTi Consults on Revised Corporate Net-Zero Standard: Greater Flexibility for Scope 3 Targets but Tight Control of Carbon Credits The Science Based Targets initiative (SBTi), a corporate climate action organisation that develops standards, tools and guidance which allow companies to set science-based greenhouse gas emissions reductions targets, has published an initial draft of its...
BLOG: UK Spring Statement 2025: No fiscal event, but some developments of interest The UK’s Spring Statement delivered on 26 March 2025 did not include further tax increases and the Chancellor stuck to her commitment to one fiscal event per year – which is going to be the Autumn Statement. Yet, there were more than a few interesting...
BLOG: The CMA issues informal guidance on environmental cooperation in the UK construction industry under ‘open door’ policy On 28 March 2025, the Competition and Markets Authority (CMA) published its latest piece of informal guidance under its 'open door' policy on sustainability agreements (BMF Guidance). Addressed to the Builders Merchants Federation (BMF), the guidance...
BLOG: The Parker Review 10 Years On: Improving Ethnic Representation of UK Business In March 2025, the Parker Review Committee (“Committee”) published its annual update report on ‘Improving the Ethnic Diversity of UK Business‘ (the “Report”) marking the Parker Review’s 10-year anniversary. This milestone update revisits the progress made...
BLOG: Modern Slavery Act 2015: Home Office Updates Statutory Guidance On 24 March, the Home Office published updated guidance (the Guidance) for companies producing modern slavery statements as required by the Modern Slavery Act 2015 (MSA). Its publication follows increasing criticism of the MSA as failing to hold...
BLOG: Sustainable Loan Principles Updated On 26 March 2025, the loan trade associations published updated versions of the Green, Social and Sustainability-Linked Loan Principles (together, the Loan Principles) and related guidance material. The changes on this occasion are mostly...
BLOG: Timeline of ESG Developments in 2025 - Q2 Update The first quarter of 2025 has seen a flurry of developments in the world of ESG, from the UK government’s recent updated guidance for entities producing modern slavery statements as required by the Modern Slavery Act 2015 to the publication of the EU’s...