Briefings
- 23 April 2021European Leveraged Loans Embrace ESG Features in 2021: An Overview of ESG Provisions, Emerging Trends and Areas for Future Development
This briefing by Reorg examines the current approaches to ESG provisions, discusses the underlying elements of ESG margin ratchets, and considers other ESG-related developments in the broader market.
- 15 March 2021Business & Human Rights Update: EU Supply Chain Directive proposals
As the risk and impact of business human rights and other ESG failings become ever more apparent, the EU's plan for a mandatory supply chain due diligence regime gains pace. The proposed regime will have potentially far-reaching implications for businesses and their value chains. In this briefing, Travers Smith analyse the scope and impact of the current EU proposals, as well as key timings and next steps.
- 02 March 2021European Banking Authority Proposes Green Asset Ratio as Key Performance Indicator for Banks under EU's Sustainable Disclosure Requirements
On March 1 2021, the European Banking Authority published advice to the European Commission on the disclosure requirement on environmentally sustainable activities in accordance with Article 8 of the Taxonomy Regulation.
This Legal Update by Mayer Brown provides further detail.
- 12 November 2020LMA publishes written interview with Shell on their December 2019 US$10bn revolving credit facility
On 12 November 2020, we made available a written interview that was conducted with Royal Dutch Shell plc on their December 2019 US$10bn revolving credit facility. The RCF pioneered the use of the rate switch mechanism, containing a switch from US$ LIBOR to compounded SOFR. Kam Mahil, Senior Director - Legal at the LMA spoke to Michael Dawson, Head of Liquidity & FX at Shell about the transaction.
- 30 June 2020Sustainable Finance: European Commission consults on how insurers and asset managers integrate 'sustainability' into their operations
The European Commission (EC) has published six draft delegated acts for consultation, requiring insurers and asset managers to integrate environmental, social and governance (ESG) considerations into their investment, advisory and disclosure processes. The proposed legislation would amend the UCITS, AIFMD, MiFID, IDD and Solvency II frameworks in line with other ESG legislation and the EU Taxonomy. In this briefing, Clifford Chance outlines some of the key requirements under the new proposals.
- 08 June 2020The rise of green loans and sustainability linked lending: where are we now?
In this briefing, Linklaters describes the key changes in the scope of green and sustainability linked lending, including updates on: (i) the initiatives that make up the EU Sustainable Finance Package - the new Taxonomy Regulation, the new ESG Disclosure Regulation and the new ESG Benchmarks Regulation; and (ii) how ESG considerations are being embedded into the EU and UK prudential regulatory frameworks.