Breaking news – Sustainable Finance

What’s new in sustainable finance?

On 16 May 2024, the UK Government updated its Sustainability Disclosure Requirements (SDR) framework, aligning with global standards like the ISSB. The UK aims to implement these standards by Q1 2025 and is developing the UK Green Taxonomy and a transition plan disclosure framework. International interoperability is emphasized in this approach.

An industry-led group, supported by the Hong Kong Securities and Futures Commission (SFC), has launched a public consultation on a voluntary code of conduct for ESG ratings and data providers. The code aims to enhance the green finance market by improving transparency, governance, control systems, and conflict of interest management. The consultation runs until June 17.

The "Article 29 LEC" 2023 report published by the ADEME reviews the sustainability practices of French financial actors for 2022, now centralized by ADEME on the Climate Transparency Hub (CTH). It includes detailed narrative reports and standardized annexes for the first time. This analysis, supported by LIFE Finance ClimAct, aims to enhance financial practices and was shared with the government, ACPR, and AMF for further review.