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Employment Bulletin - July 2021 Upcoming Employment Bill: latest developments; “Childcare disparity” assumed in discrimination claims; Executive entitled to bonuses for projects completed after redundancy; Gender critical beliefs were protected Topics covered in this bullet... Competition & Regulatory Newsletter (23 June - 6 July 2021) Fine reduction for HSBC as European Commission re-adopts EURIBOR decisions Fine reduction for HSBC as European Commission re-adopts EURIBOR decisions On 28 June 2021 the European Commission adopted two decisions against three major banks in respect of a... FCA proposal for a “consumer duty”: a policy roadmap for product design? The FCA is consulting on its proposal to introduce a new “consumer duty” which is envisaged to set substantively higher standards for the level of care that firms must give to their customers. Natalie Barnes, Associate in the Financial Regula... International tax reform – now it’s time to get excited! In my previous blog, I couldn’t get too excited about the G7’s announcement on 5 June that agreement in principle had been reached on some key aspects of international tax reform because there was so little detail and an agreement between 7 se... Global carbon markets after COP26: The past, present, and future The new rules on Article 6 of the Paris Agreement, agreed at COP26, offer an international governance framework for deploying environmentally effective and transparent carbon markets. These carbon markets could help enable companies, and other private act... Carbon Capture, Usage and Storage: managing co-dependency is key to success Carbon capture and storage (“CCS”, or “CCUS” where usage of the CO₂ captured is contemplated) in the UK has been identified as a “necessity, not an option” by the UK’s Climate Change Committee. Five industrial clusters have met the eligibility criteria as... Sustainability-linked loans in 2021 - Mainstream but not "standard" Sustainability-linked or “ESG” loans which link pricing to the attainment of certain ESG targets are widely available. We consider the emerging trends in 2021 in ESG lending and the key areas where market practice has not yet settled. In the final month ... Nature-related financial disclosures have arrived: Release of the prototype TNFD framework The Taskforce on Nature-related Financial Disclosures (TNFD) has published the first prototype version of its nature-related risk and opportunity disclosure framework to help give nature-related factors greater prominence in business decision-making. 15 ... Competition law and sustainability: Expectations for 2021 The interplay between competition law and sustainability was a hotly debated topic in the competition law community in 2020. This briefing provides an indication of the developments we can expect in this space in 2021 from Europe’s competition regulators.... Hong Kong: Sustainability webinar – recent developments On 15 June 2021, Peter Brian hosted a webinar with Dr. Thomas Tang, CEO at PJ Sustainability Consulting and Adjunct Professor at City University of Hong Kong Business School, Grace Hui, Head of Green and Sustainable Finance at HKEX, and Lisa Chung, Partne...