
Publication
ESG and internal investigations: New compliance challenges
As ESG concerns have come to the forefront in different jurisdictions, the scope of these inquiries is expanding in kind.
United Kingdom | Publication | March 2025
On March 17, 2025, HM Treasury published a policy paper setting out its action plan for the Government's next steps in ensuring regulators and regulation support economic growth and innovation. The Pensions Regulator has made several pledges to tackle the complexity and burden of pension regulation.
In addition, the Government has committed to reducing uncertainty across the regulatory system and challenging "excessive risk aversion". More specifically, Annex A to the action plan sets out 60 "key regulator pledges" made by regulatory bodies including the Pensions Regulator, the FCA, the PRA, the Information Commissioner's Office and the Environment Agency. To be included in this list, the action plan says that a pledge must have a "tangible effect" on driving growth and investment and be implementable within the next 12 months.
Those made by the Pensions Regulator include:
The Treasury’s view is that over time, billions of pounds of regulatory cost have contributed to the UK economy being less competitive and less attractive for new investment than it could be. It is suggested that the impact of red-tape costs could be as high as 3-4 per cent of GDP, or around £70bn, despite multiple attempts to cut back regulatory burdens.
Publication
As ESG concerns have come to the forefront in different jurisdictions, the scope of these inquiries is expanding in kind.
Publication
In compliance with the constitutional reforms published in the Federal Official Gazette, new secondary legislation regulating the energy sector, specifically in terms of power and hydrocarbons, was published on March 18, 2025.
Publication
In compliance with the constitutional reforms published in the Federal Official Gazette, new secondary legislation regulating the energy sector, specifically in terms of power and hydrocarbons, was published on March 18, 2025.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2025