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ARTICLE · 30 DECEMBER 2021

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Central Bank Dear CEO Letter On Climate And Other ESG Issues

Matheson
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The Central Bank notes the challenges of adhering to statutory and regulatory requirements in this area and states that its approach will evolve and will be kept under review.

IrelandFinance and Banking
Matheson Asset Management And Investment Funds Group
Matheson Asset Management And Investment Funds Group
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 On 3 November 2021, the Central Bank of Ireland ("Central Bank") published a "Dear CEO" letter on its  supervisory expectations regarding climate and other ESG issues, which was published to coincide with the  26th UN Climate Change Conference ("COP26"). The Central Bank notes that its expectations apply to all  regulated financial service providers ("RFSPs") (including fund management companies) and are articulated  on the basis that they can be applied by RFSPs in a proportionate manner aligned to the nature, scale and  complexity of the individual firm. The expectations do not override or replace any legal, regulatory or supervisory  requirements applicable to RFSPs (such as requirements under the Sustainable Finance Disclosure Regulation  and the Taxonomy Regulation).

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