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BLOG: The Independent Water Commission’s interim findings: Pressure builds for reform, but a sea-change looks unlikely Following a Call for Evidence that elicited over 50,000 responses, the UK’s Independent Water Commission (Commission) has published its interim findings, highlighting five areas it believes to be critical to reforming the UK water industry. The repor... BLOG: ESMA launches consultation on technical standards for ESG rating providers In May, the European Securities and Markets Authority (ESMA) published a consultation paper on a set of three Regulatory Technical Standards (RTS), that will provide additional detail on how the EU intends to regulate ESG ratings providers, which in turn ... BLOG: FRC publishes new Stewardship Code 2026 Following an extensive period of consultation with various stakeholders, the Financial Reporting Council has finally published its new Stewardship Code 2026. This will replace the Stewardship Code 2020 (the “2020 Code”). Draft optional guidance to assist ... BLOG: German Court Dismisses Landmark Climate Case Against Energy Company In May, a German appeals court issued a landmark decision dismissing a climate litigation claim against the parent company of a multinational energy group. Significantly, however, the Higher Regional Court of Hamm found that a company may, in principle, b... BLOG: UK Supreme Court in Dolphin Drilling decides that the meaning of “incidental” depends on statutory context The Supreme Court in Dolphin Drilling dismissed the taxpayer’s appeal, agreeing with the Court of Appeal that the provision of accommodation for offshore workers was an independent end in itself and not (as the First-tier Tribunal and Upper Tribunal had h... BLOG: Regulating the Fashion Sector: What’s on the Horizon? The fashion sector has been creeping up the priority list of regulators worldwide and there are a number of regulations on the horizon which will force players in the industry to reconsider how they create their products to comply with sustainability requ... BLOG: European Court Finds That Scope 3 Emissions Must Be Assessed Before Approval Of Oil And Gas Projects Last month, the European Free Trade Association (EFTA) Court issued an Advisory Opinion in The Norwegian State v Greenpeace Nordic, Nature and Youth Norway declaring that under EU/EEA law, oil and gas projects must not be approved without first assessing ... BLOG: European Commission proposes delays and amendments to Batteries Regulation On 21 May 2025, the European Commission presented its fourth Omnibus package (“Omnibus IV”), as part of a wider effort to simplify EU sustainability rules and reduce regulatory burdens on companies.Omnibus IV introduces targeted amendments to eight legisl... Money laundering: Now a never-ending chain? - R (World Uyghur Congress) v National Crime Agency The UK Court of Appeal has delivered an important judgment highlighting money laundering risks for companies, where they suspect forced labour or other human rights abuses in their supply chains. The Court disagreed with a widely held interpretation of ce... DMCC Act ushers in a new age of consumer protection in the UK The Digital Markets, Competition and Consumers Act 2024 (DMCC Act) received Royal Assent on 24 May 2024, bringing in long-anticipated reforms aimed at forging a UK regulatory framework fit for the digital age.  The DMCC Act also introduces major upda...