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The third year of these historic laws is set to be even more eventful than the first two. The combination of Covid-19, the UK’s exit from the EU, some major case law developments and continued enforcement action mean this will continue to be a fascinating and fast evolving area of the law.
It is worth noting that TEG has confirmed that although their priorities have not been sidelined by Covid-19, there is presently an investment deficit of €180bn per annum needed to align with the Paris Agreement goals (which is being addressed). The taxonomy applies to EU member states, large companies and financial market participants and the UK government has committed to matching or exceeding the EU standards post-Brexit.
This publication is intended for general guidance and represents our understanding of the relevant law and practice as at July 2020. Specific advice should be sought for specific cases. For more information see our terms & conditions
25 May 2020