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BLOG: SBTi Consults on Revised Corporate Net-Zero Standard: Greater Flexibility for Scope 3 Targets but Tight Control of Carbon Credits The Science Based Targets initiative (SBTi), a corporate climate action organisation that develops standards, tools and guidance which allow companies to set science-based greenhouse gas emissions reductions targets, has published an initial draft of its...
BLOG: UK Spring Statement 2025: No fiscal event, but some developments of interest The UK’s Spring Statement delivered on 26 March 2025 did not include further tax increases and the Chancellor stuck to her commitment to one fiscal event per year – which is going to be the Autumn Statement. Yet, there were more than a few interesting...
BLOG: The CMA issues informal guidance on environmental cooperation in the UK construction industry under ‘open door’ policy On 28 March 2025, the Competition and Markets Authority (CMA) published its latest piece of informal guidance under its 'open door' policy on sustainability agreements (BMF Guidance). Addressed to the Builders Merchants Federation (BMF), the guidance...
BLOG: The Parker Review 10 Years On: Improving Ethnic Representation of UK Business In March 2025, the Parker Review Committee (“Committee”) published its annual update report on ‘Improving the Ethnic Diversity of UK Business‘ (the “Report”) marking the Parker Review’s 10-year anniversary. This milestone update revisits the progress made...
BLOG: Modern Slavery Act 2015: Home Office Updates Statutory Guidance On 24 March, the Home Office published updated guidance (the Guidance) for companies producing modern slavery statements as required by the Modern Slavery Act 2015 (MSA). Its publication follows increasing criticism of the MSA as failing to hold...
BLOG: Sustainable Loan Principles Updated On 26 March 2025, the loan trade associations published updated versions of the Green, Social and Sustainability-Linked Loan Principles (together, the Loan Principles) and related guidance material. The changes on this occasion are mostly...
BLOG: Timeline of ESG Developments in 2025 - Q2 Update The first quarter of 2025 has seen a flurry of developments in the world of ESG, from the UK government’s recent updated guidance for entities producing modern slavery statements as required by the Modern Slavery Act 2015 to the publication of the EU’s...
BLOG: EU Agrees Sustainability Omnibus ‘Stop-the-Clock’ Directive and Consultation Launched on the European Sustainability Reporting Standards Today, the European Council formally adopted the “stop-the-clock” Directive. This follows on from the European Parliament voting overwhelmingly to approve the proposal on 3 April 2025, with 531 votes for, 69 against and 17 abstentions. The Directive can...
BLOG: A New Age Dawns for Consumer Protection in the UK The Digital Markets, Competition and Consumers Act 2024 (DMCC Act) came into force on 6 April 2025, overhauling the UK’s consumer protection regime.  The Competition and Markets Authority (CMA) has heralded this as a “step-change in more direct,...
BLOG: European Commission Publishes Updated EUDR Guidance, FAQs, and a Draft Delegated Act, in a Bid to Provide Further Simplifications This month, the European Commission published updated guidance, FAQs, and a draft Delegated Act for consultation, in order to “[provide] further simplifications and [reduce] the administrative burden to facilitate the implementation of the EU...