The Situation: The European Union continues to
roll out its Action Plan for Financing Sustainable Growth with its
latest proposal concerning climate-related disclosures and the
European Commission's launch of a public consultation process
to close on March 20, 2019.
The Result: Certain EU entities will have
increased climate-related disclosure obligations; the bar is being
raised, in particular, for large entities, banks, and insurance
companies.
Looking Ahead: New final guidelines are
expected by June 2019, and covered entities will need to take a
fresh, in-depth look at their business models, policies, and due
diligence processes in order to provide specific information on
environmental outcomes, principal risks and their management, and
key performance indicators that are traceable, relevant, and
consistent over time.
