<p>Filter Knowledge</p>

In line with its public commitment to promote environmental sustainability and help accelerate the transition to a net zero economy, the Competition and Markets Authority ("CMA") has recently published its draft guidance on the application of the Chapter 1 prohibition to environmental sustainability agreements ("Guidance"). If implemented, the Guidance will provide business with greater comfort in assessing the legality and risk profile of their environmentally focussed agreements – at least in the UK.

A regular briefing for the alternative asset management industry. 

Entering the policy debate behind other antitrust regulators, the CMA has signalled that it will give firms more latitude to pursue green collaborations – but the devil will be in detail.

Our ESG timeline sets out recent and expected UK and EU legal and regulatory developments relating to ESG and wider sustainable business topics. The timeline can be filtered according to your business type or the relevant ESG theme.

A regular briefing for the alternative asset management industry. 

A regular briefing for the alternative asset management industry. 

Read the full PMI Environmental, Social & Governance (ESG) Report 2022 here: Environmental, Social & Governance (ESG) Report - The Pensions Management Institute (pensions-pmi.org.uk)

A regular briefing for the alternative asset management industry. 

A regular briefing for the alternative asset management industry. 

A regular briefing for the alternative asset management industry. 

A regular briefing for the alternative asset management industry. 

The EU continues to beat a path to a more sustainable future. Nothing too new there, perhaps, but it is increasingly determined to bring the rest of the world along with it. It first proposed a directive on corporate sustainability reporting ("CSRD") in February 2021, which when proposed caused a stir for the significant expansion of non-financial information obligations on non-listed corporates. 

A regular briefing for the alternative asset management industry. 

A regular briefing for the alternative asset management industry. 

ESG and sustainability issues continue to be a priority for policy makers and regulators globally. The impact of the Ukraine conflict on energy policy and the recent publication of the IPCC's (Intergovernmental Panel on Climate Change) "state of the union" report on the slender window we have to take action in order to meet our climate targets both highlight the scale of the global challenge we face on climate issues.

In pursuit of its commitment to prevent all avoidable plastic waste by the end of 2042, the UK Government has recently begun to impose a tax on the manufacture and import of significant volumes of plastic packaging which does not contain a minimum amount of recycled content. The aim of the tax is to increase demand for recycled plastics, creating an incentive to collect and recycle plastic waste and divert it away from landfill and incineration.

A regular briefing for the alternative asset management industry. 

With real estate finance (REF) and real estate development finance markets increasingly looking to integrate sustainability within their financing offerings, the Loan Market Association has published a guide on the application of the Sustainability Linked Loan Principles (SLLP) to real estate finance (REF) and real estate development finance transactions.

A regular briefing for the alternative asset management industry. 

The European Commission recently unveiled its long-awaited proposal for a directive on corporate sustainability due diligence, which is designed to tackle human rights and environmental impacts across value chains (the "CSDD").