ESG Legislation: Timeline and Development
Published 13 October 2020
Since the UN Paris Agreement was signed by world leaders in 2016 and UN adopted their Sustainable Development Goals (SDG), we have seen not only increasing investor demand for Environmental, Social and Governance (ESG) practices but also increased activity in ESG legislation. The European Commission has issued an array of regulations covering ESG considerations that asset managers must comply with. Below, we provide a timeline running from 2016 to 2023 outlining the development, including future requirements, concerning ESG legislation. You’ll find the timeline in a pdf format here.
Read our article concerning Disclosure Requirements here.
UPDATE: The Commission has informed that the regulatory technical standards will not be available by the end of December 2020 as initially foreseen, as the unprecedented economic and market stress caused by the COVID-19 crisis has necessitated an extension of the deadline for the public consultation on said draft regulatory technical standards. However the disclosure regulation will apply as of 10 March 2021.
