161 results found

Commission Delegated Regulation (EU) 2021/2139 supplementing the EU Taxonomy Regulation (the "EU Taxonomy Climate Delegated Act")...

The Government of Ireland published the Climate Action Plan 2023, a sectoral roadmap for meeting decarbonisation targets.

In July 2021 the European Commission adopted Fit for 55 as part of the European Green Deal. It is a highly significant, cross-sectoral package detailing the binding actions by which it is proposed the EU will reduce ...

Following their adoption and publication in draft form by the European Commission last June, two new EU Taxonomy delegated acts were published in the Official Journal on 21 November...

The Central Bank of Ireland has recently published its insurance newsletter for September 2023. The two main areas detailed...

nvironmental Delegated Act - setting out the technical screening criteria (TSC) for economic activities making a substantial contribution to the non-climate environmental objectives...

The Central Bank of Ireland (CBI) has published its Insurance Newsletter for September 2022. A few key highlights below.

The Government has published the Climate Action Plan 2023 ("CAP23"), a roadmap for meeting Ireland's emissions reduction requirements.

The European Commission has published FAQ on Delegated Acts under the EU Taxonomy Regulation...

EIOPA's review of the Solvency II framework, the purpose of which was to ensure that the Solvency II regime remains fit for purpose, concluded with the submission to the European Commission and publication of EIOPA's ...

On 23 November 2022, EFRAG delivered, as technical advice, the first set of draft European Sustainability Reporting Standards ("ESRS") to the European Commission. Once adopted by the Commission...

Societal change in response to climate change is not a new topic. However, as the global climate crisis grows, more and more organisations are taking steps to curb their impact on the environment.

The European Central Bank (ECB) recently published a report on its supervisory assessment of institutions' climate-related and environmental risks disclosures.

We have recently written on various topics relating to sustainable finance, including the European Green Deal, greenwashing and the EU Taxonomy Regulation and the related screening criteria.

EIOPA recently published a discussion paper on the prudential treatment of sustainability risks (link below) and held its sustainable finance conference on 7 December 2022.

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.

Combatting greenwashing (i.e. when products or services are not as sustainable as claimed) is a key focus of the Central Bank of Ireland's (CBI) supervisory approach to sustainable finance and addressing climate change.