Publication
Essential Corporate News – Week ending 10 January 2025
On 20 December 2024, the Financial Conduct Authority published PS24/17, Enhancing the National Storage Mechanism (NSM).
Statutory guidance on implementation statements published
United Kingdom | Publication | June 2022
Statutory guidance on the preparation of implementation statements has been issued following a consultation that closed earlier this year. The new statutory guidance will apply to implementation statements prepared in respect of any scheme year ending on or after October 1, 2022.
Key points to note include that additional information on the voting behaviour and policies of asset managers will be required, including more detailed explanations of how these align with the scheme’s stewardship policies and how managers are monitored by trustees.
In addition to the statutory guidance that must be complied with, non-statutory guidance on the preparation of the statement of investment principles has also been released alongside this – trustees should have regard to this as good practice when updating their SIP.
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Recent publications
Publication
The ESG advertising conundrum: Recent case highlights challenges
A recent decision made by the UK's Advertising Standards Authority (ASA) brings into sharp relief the challenges for airlines to strike a balance between marketing their sustainability efforts in an understandable and compelling way, whilst avoiding criticism for “greenwashing”.
Publication
Agreement on new EU gas projects and measures under the European Green Deal
On November 28, 2023, the European Commission (EC) adopted its first list of Projects of Common Interest (PCIs), i.e., projects within the EU territory, and Projects of Mutual Interest (PMIs), i.e., projects connecting the EU with other countries, including 166 projects implementing the European Green Deal.
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