SPOTLIGHT
CLIMATE CHANGE
Climate Change Timeline
1985 – 2021 – Route to COP26
Eye on ESG Blog
The Eye on ESG Blog is designed to provide practical guidance to global businesses and clients amid the important and growing impact of ESG issues on their institutions and businesses, as well as the latest updates on new ESG-related developments.
__________ READ
READ
Biden Administration Pledges 50-52% GHG Reduction by 2030
President Biden committed the United States to a 50-52 percent reduction in greenhouse gas (GHG) “pollution” from 2005 levels by 2030.
The Nagoya Protocol & Access and Benefit Sharing
Organizing the Supply Chain Toward Protection of Biodiversity Globally.
Biden Administration Jumpstarts Offshore Wind Energy Projects to Create Jobs
On March 29, 2021, the Biden administration announced a “set of bold actions that will catalyze offshore wind energy, strengthen the domestic supply chain, and create good-paying, union jobs,” with a target to deploy 30 GW of offshore wind by 2030 to support 77,000 jobs, power 10 million homes and cut 78 million metric tons in carbon emissions.
Energy Evolution
The energy industry continues to evolve as sectors converge and as demand, supply and consumer preferences change. The global economy is shifting to lower-carbon sources of energy, coinciding with (or resulting from) a renewed focus on environmental, social and governance (ESG) issues.
A Time to Shine — ESG Drives Gender Equity in Leadership
In a new article, “A Time to Shine — ESG Drives Gender Equity in Leadership”, we discuss the intersection of gender, diversity, leadership and environmental, social and governance (ESG) concepts, and how these concepts can combine to drive corporate performance to new heights.
Déjà Vu All Over Again: US FERC Announces New Proceeding to Examine Electric Reliability in the Face of Climate Change
On February 22, 2021, the US Federal Energy Regulatory Commission (FERC) announced its intention to open a new proceeding to examine the threat that climate change and extreme weather events pose to electric reliability.
SEC Acting Chair Directs Staff to Enhance Focus on Climate-Related Disclosure
On February 24, 2021, Acting Chair of the US Securities and Exchange Commission (SEC), Allison Herren Lee, announced that the agency will be focusing on public companies’ climate change disclosures as part of an effort to both assess current compliance with federal securities laws and develop new disclosure requirements for climate change.
Climate change risk – consultation on new trustee duties
The Pension Schemes Act 2021 sets out a framework for new climate risk-related governance and reporting requirements for trustees of larger schemes. The detailed requirements will be set out in regulations and statutory guidance, and the government is currently consulting on draft versions of the regulations and guidance.
TAKE PART
Ecolabels Survey & Overview
Whether ecolabels are an unfamiliar concept, or your business is beginning to undertake, or already underway with, an ecolabelling project we would be interested to hear your thoughts on this topic.
New York Regulator Issues Proposed Guidance for Insurers on Managing Financial Risks from Climate Change
On March 25, 2021, the New York Department of Financial Services issued for public comment “Proposed Guidance for New York Domestic Insurers on Managing the Financial Risks of Climate Change”. Comments must be submitted by 11:59 p.m. EDT on Wednesday, June 23, 2021.
Carbon Capture Use and Sequestration Boot Camp Webinar
Join Mayer Brown on April 6, 2021, for our Carbon Capture Use and Sequestration Boot Camp – from Feasibility to Execution.
WATCH
Carbon Emissions in Brazil: Recognising Earth Day Globally
Luiz Gustavo Bezerra discusses carbon emissions in Brazil.
Net Zero: Recognising Earth Day Globally
Tim Baines and Luiz Gustavo Bezerra discuss Net Zero and Carbon Markets.
Sustainable Development in Asia: Recognising Earth Day Globally
Mark R. Uhrynuk discusses sustainability and related regulatory developments across Asia.
Climate Change and the Biden Administration: Recognising Earth Day Globally
Christina Thomas and Jonathan Becker discuss the recent changes that the Biden Administration has implemented, as well as the changes on the horizon, in relation to climate change.
Corporate Strategies to achieve Net Zero (Portuguese): Recognising Earth Day Globally
Luiz Gustavo Bezerra discusses corporate strategies to achieve Net Zero (in Portuguese).
Green Claims: Recognising Earth Day Globally
Pavlina Chopova-Leprêtre discusses the significant changes that are expected relating to Green Claims rules.
Biodiversity: Recognising Earth Day Globally
Thomas Delille and Luiz Gustavo Bezerra discuss the Nagoya Protocol to the UN Convention on Biological Diversity and the Brazilian Biodiversity Law.
ESG Trailer: Recognising Earth Day Globally
Watch our ESG Trailer: Recognising Earth Day Globally
LISTEN
ESG and Directors’ Duties
In this audio clip, James Whitaker briefly discusses the important role of company directors in promoting positive environmental practices.
UK Pensions Law: Podcast on Climate Risk Reporting Requirements
Mayer Brown Counsel Beth Brown provides background on the Pension Schemes Act 2021 and outlines the regulations in the consultation paper, as well as considerations for trustees seeking to understand and prepare for these future requirements.
ESG Developments in Financial Services
As demand for sustainable finance continues to surge, our finance, environmental and regulatory professionals are all constantly working on the latest ESG-related developments for various financial market participants.
