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Global Regulatory Watch March 2022

Shanghai Stock Exchange published its “14th FYP” action plan. New timeline & updates on Sustainable Financial Development Regulations (SFDR). SEC Proposes Rules to Enhance and Standardise Climate-Related Disclosures for Investors...

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APAC


  • China:

    • Shanghai Stock Exchange published its “14th FYP” action plan.

    • NEA issued the Energy Work Guiding Opinions 2022.

    • China’s energy consumption KPIs to carbon emissions KPIs.

    • National Energy Administration released the “14th FYP” on new energy storage development action plans.

    • NDRC announced medium- and long-term planning for the development of the hydrogen energy industry (2021-2035).

    • MEE published a notice on the management of greenhouse gas emission reports for enterprises in 2022.

    • Ministry of Housing & Urban-Rural Development of the PRoC issued the "14th FYP” for building energy conservation and green building development


  • Hong Kong: HK Exchange Publishes Listing Committee Report 2021, announced agendas to review proposals to enhance ESG standards and climate disclosures among others…

  • Singapore: The Monetary Authority of Singapore (MAS) and CDP, signed an MOU to promote sustainability disclosures and access to quality ESG data across the financial sector and real economy…

  • South Korea: The National Assembly of the Republic of Korea has passed the Carbon Neutrality and Green Growth Law, which includes raising the 2030 National Greenhouse Gas Emission Reduction Target (NDC) to 40% and establishing a national carbon neutrality plans.


EMEA

  • EU:

    • New timeline & updates on Sustainable Financial Development Regulations (SFDR).

    • Sustainable batteries: member states ready to start negotiations with Parliament.

    • The Legal Affairs Committee adopted its position on the Corporate Sustainability Reporting Directive (CSRD).

    • Council agrees on the Carbon Border Adjustment Mechanism (CBAM).

    • ECB's Supervisory assessment of institutions’ climate-related and environmental risks disclosure shows Banks do not fully meet ECB expectations on disclosure of climate and environmental risks.

    • Directorate-General for Energy published the Ecodesign and Energy Labelling Working Plan 2022-2024.

    • The EU’s Platform on Sustainable Finance released its report on Extended Taxonomy and recommendations on technical screening criteria for the four remaining environmental objectives of the EU taxonomy.

    • EU Commission launched a package of proposals aimed at improving the sustainability profile of almost all products...


  • Switzerland: the Federal Council initiated the consultation on the implementing ordinance on climate reporting for large Swiss companies…



AMER
  • Canada: The proposed Single-Use Plastics Prohibition Regulations’s public comment period ending on March 5, 2022. The Low Carbon Economy Fund: A $2 billion fund to support projects that help to reduce Canada’s greenhouse gas emissions is accepting Expression of Interest submissions until March 25, 2022. Minister Wilkinson Advances Energy Security and the Global Transition to Net Zero at the International Energy Agency Ministerial…

  • US: SEC Proposes Rules to Enhance and Standardise Climate-Related Disclosures for Investors. The New York Stock Exchange Announces Launch of the NYSE Sustainability Advisory Council. EPA Proposes Regulations to Plan for Hazardous Substance Discharges in Adverse Weather Conditions…

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