Understanding the impact of the ESG reform agenda.
Following publication of the European Commission's Action Plan on Sustainable Finance in March 2018, there have been a flurry of EU legislative proposals in the ESG (environmental, social and governance) space that are set to reform the regulatory framework applying to asset managers both in the EU and further afield.
Given the scale of the upcoming reforms, our ESG Regulatory Reform report for asset managers aims to rationalise the reform effort and scope out the new obligations that will apply to asset managers operating out of both EU and non-EU jurisdictions. The report covers:
- what "ESG" means in this context, and how it should be interpreted in the context of the reforms;
- proposed reforms to the UCITS and AIFMD regimes;
- changes to organisational requirements applying to investment firms;
- proposed disclosure requirements;
- product governance reforms; and
- a review of the new tools that will be available to asset managers to assess the ESG profile of potential investment opportunities.
How can we help?
We were named Climate Change Firm of the Year at the Who's Who Legal Awards 2019 and are dedicated to helping clients navigate the increasingly complex and constantly evolving ESG regulatory landscape. We advise clients on a range of issues relating to sustainability, including advice on ESG financing (e.g. green and "blue" bonds, green loans and impact investing), drafting ESG policies and advising on principles governing responsible investment. Our Chambers Tier 1 ranked corporate governance practice advises on all aspects of corporate governance and how buyside firms may engage effectively with investee companies.
With extensive experience advising market participants ranging from "pure-play" renewables entities to investment banks to buyside firms on ESG matters, we are uniquely positioned to provide constructive advice and guidance in jurisdictions around the world on these increasingly vital issues.