In this week's issue of Travers Smith's Sustainability Insights we are looking at EU sustainability regulation, and what's in store for 2025.

Links:

https://www.consilium.europa.eu/en/press/press-releases/2024/11/08/the-budapest-declaration/

https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-sustainability-insights-the-impact-of-the-draghi-report-on-esg-regulation/

https://www.businesseurope.eu/sites/buseur/files/media/position_papers/legal/2024-11-05_joint_trade_association_statement_towards_eu_due_diligence_that_works_for_all_0.pdf

https://www.consilium.europa.eu/en/press/press-releases/2024/11/08/the-budapest-declaration/#:~:text=We%20must%20adopt%20an%20enabling%20mindset%20based%20on%20trust%2C%20allowing%20business%20to%20flourish%20without%20excessive%20regulation.

https://www.peievents.com/en/event/responsible-investment-forum-europe/

https://www.linkedin.com/posts/tim-lewis-a517261a_last-night-we-gathered-members-of-our-asset-activity-7265398692105314307-376F

https://www.traverssmith.com/knowledge/knowledge-container/cs3d-whats-new-and-whats-next/

https://www.traverssmith.com/knowledge/knowledge-container/csrd-the-road-to-compliance

https://apps.fliplet.com/esgapp

https://www.traverssmith.com/knowledge/knowledge-container/possible-changes-to-the-eu-sfdr-the-european-commission-seeks-views/

https://www.traverssmith.com/knowledge/knowledge-container/esas-propose-changes-to-sfdr-regulatory-technical-standards/

https://www.traverssmith.com/knowledge/knowledge-container/esma-guidelines-on-fund-names/

https://www.consilium.europa.eu/en/press/press-releases/2024/11/19/environmental-social-and-governance-esg-ratings-council-greenlights-new-regulation/

https://www.fca.org.uk/news/statements/fca-welcomes-move-bring-esg-ratings-providers-regulation

https://www.newprivatemarkets.com/pe-firms-at-risk-of-esg-litigation-says-travers-smith/

In this week's issue of Travers Smith's Alternative Insights, we are looking at some recent UK government announcements that affect alternative asset managers.

Links:

https://www.traverssmith.com/knowledge/knowledge-container/autumn-budget-2024/

https://www.gov.uk/government/speeches/mansion-house-2024-speech

https://www.gov.uk/government/news/chancellor-fires-up-financial-services-sector-to-drive-growth#:~:text=BVCA%20Chief%20Executive%20Michael%20Moore%20said%3A%C2%A0

https://assets.publishing.service.gov.uk/media/6735d9ebb613efc3f18230e9/pension_fund_investment_and_the_uk_economy.pdf

https://www.gov.uk/government/publications/pensions-investment-review-interim-report

https://www.ft.com/content/362ca4cd-a892-4525-bddf-82abe5f339b4#msdynmkt_trackingcontext=910b9634-aa02-4b3a-a831-bcb7e4b55c60

https://assets.publishing.service.gov.uk/media/67372cf9c0b2bbee1a127202/pensions_investment_review_unlocking-the_uk_pensions_market_for_growth.pdf

https://www.gov.uk/government/calls-for-evidence/financial-services-growth-and-competitiveness-strategy

https://on.ft.com/3V9Tpp8

In this week's issue of Travers Smith's Sustainability Insights we are looking at what COP29 tells us about the new UK government's green growth ambitions.

Links:

https://unfccc.int/cop29

https://www.bbc.co.uk/news/articles/cpqd1rzw9r4o

https://www.bbc.co.uk/news/articles/cx2lknel1xpo

https://www.traverssmith.com/knowledge/knowledge-container/what-to-expect-at-cop29/

https://unfccc.int/process-and-meetings/the-paris-agreement

https://unctad.org/publication/new-collective-quantified-goal-climate-finance

https://www.bbc.co.uk/news/science-environment-54797743

https://www.ft.com/content/24b994ec-9d69-47df-8c23-efc5762877e9

https://unfccc.int/resource/docs/convkp/conveng.pdf

https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-sustainability-insights-the-role-of-government-in-transition-finance/

https://www.iigcc.org/hubfs/IIGCC%20publishes%20open%20letter%20in%20support%20of%20an%20ambitious%20New%20Collective%20Quantified%20Goal%20on%20climate%20finance.pdf

https://www.newprivatemarkets.com/tpg-and-brookfield-hail-climate-fund-momentum/

https://www.bbc.co.uk/news/articles/cx2ny8zndpxo

https://www.bbc.co.uk/news/articles/c4gve4d8jljo

In this week's issue of Travers Smith's Alternative Insights, we are looking at the Labour Government's Autumn Budget, and its likely impact on UK alternative asset managers.

In this week's episode of Travers Smith's Sustainability Insights we are looking at the new UK government's approach to transition finance.

Links:

https://www.gov.uk/government/news/record-breaking-international-investment-summit-secures-63-billion-and-nearly-38000-jobs-for-the-uk

https://www.cityam.com/bosses-at-worlds-biggest-banks-britain-is-ready-for-investment/

https://www.gov.uk/government/speeches/pm-international-investment-summit-speech-14-october-2024

https://www.gov.uk/government/news/game-changing-tech-to-reach-the-public-faster-as-dedicated-new-unit-launched-to-curb-red-tape

https://www.cityam.com/rachel-reeves-promises-to-revolutionise-uk-capital-markets-and-boost-london-listings/

https://www.gov.uk/government/news/dan-corry-appointed-to-lead-defra-regulation-review

https://assets.publishing.service.gov.uk/media/670cde8692bb81fcdbe7b745/industrial-strategy-green-paper-final.pdf

https://www.ukib.org.uk/

https://www.british-business-bank.co.uk/finance-providers-equity-finance/british-growth-partnership

https://www.linkedin.com/posts/bvca_a-significant-step-forward-for-investment-activity-7251635037433991168-ztWw/

https://www.theglobalcity.uk/PositiveWebsite/media/Research-reports/Scaling-Transition-Finance-Report.pdf

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023H1425

https://www.ft.com/content/c0ca95ce-ffcf-4c10-b789-174e359e16ef

https://player.captivate.fm/episode/457a3e0b-8938-43d1-8590-64e33625b7c0/

https://url.uk.m.mimecastprotect.com/s/VBJCC8p4c9q036txt0FyxU-_?domain=sites-traverssmith.vuturevx.com

Welcome to the fifth episode in our Sustainability Insights ... in conversation series.

In the fifth episode of our Sustainability Insights … in conversation series, where we discuss the role of responsible investment in improving risk-adjusted returns, in aligning values, and in solving real world problems.

Does Sustainable Investing Work?

In this week's issue of Travers Smith's Alternative Insights, we are looking at we are looking at the EU AI Act, and its likely impact on the attractiveness of the EU as a hub for Artificial Intelligence.

Links:

https://academic.oup.com/book/36491

https://digital-strategy.ec.europa.eu/en/policies/european-approach-artificial-intelligence

https://www.theguardian.com/books/2023/sep/02/i-hope-im-wrong-the-co-founder-of-deepmind-on-how-ai-threatens-to-reshape-life-as-we-know-it

https://oecd.ai/en/ai-principles

https://www.esma.europa.eu/sites/default/files/2024-05/ESMA35-335435667-5924__Public_Statement_on_AI_and_investment_services.pdf

https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-financial-regulation-and-ai/

https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-financial-regulation-and-ai/

https://www.gov.uk/government/consultations/ai-regulation-a-pro-innovation-approach-policy-proposals/outcome/a-pro-innovation-approach-to-ai-regulation-government-response

http://opiniojuris.org/2020/11/25/the-time-has-come-for-international-regulation-on-artificial-intelligence-an-interview-with-andrew-murray/#:~:text=I%20would%20much%20prefer%2C%20if%20possible%2C%20if%20this%20was%20a%20truly%20international%20(UN%2Dled%2C%20for%20example)%20exercise%20wherein%20countries%20like%20China%20are%20on%20board%20and%20not%20feeling%20coerced%20into%20adopting%20something

In this week's issue of Travers Smith's Sustainability Insights we are looking at Mario Draghi's report on EU competitiveness and its potential impact on sustainability regulation for private capital firms

Links:

https://commission.europa.eu/document/download/97e481fd-2dc3-412d-be4c-f152a8232961_en

https://www.ft.com/content/298008a0-b75d-4062-9cb1-86b12ac30fbd

https://commission.europa.eu/document/download/ec1409c1-d4b4-4882-8bdd-3519f86bbb92_en

https://ec.europa.eu/commission/presscorner/detail/en/IP_00_96

https://www.epc.eu/content/PDF/2024/20230277_hidden_champions_missed_opportunities_en.pdf

https://www.traverssmith.com/knowledge/knowledge-container/new-mandatory-tcfd-reporting-for-more-uk-companies/

https://commission.europa.eu/system/files/2023-03/Communication_Long-term-competitiveness.pdf

https://doi.org/10.1093/jfr/fjac001

https://link.springer.com/article/10.1007/s11142-021-09609-5

https://www.bvca.co.uk/Portals/0/BVCA%20Response%20to%20FRC%20UK%20SD%20TAC%20CfE.pdf

https://commission.europa.eu/document/download/e6cd4328-673c-4e7a-8683-f63ffb2cf648_en?filename=Political%20Guidelines%202024-2029_EN.pdf

In this week's issue of Travers Smith's Alternative Insights, we are looking at we are looking at NAV lending to private equity funds, and ILPA's recently issued guidance.

Links:

McKinsey's 2024 Global Markets Review

ILPA guidance on continuation funds

ILPA review of its highly impactful reporting template

ILPA guidance on NAV-based facilities

Financial Stability Report

BVCA pointed out

ILPA Guidance

Welcome to the third episode in our Sustainability Insights ... in conversation series.

In the fourth episode of our Sustainability Insights … in conversation series, Simon Witney speaks to Diandra Soobiah, Director of Responsible Investment at Nest, the National Employment Savings Trust. Their discussion explores Nest's significant commitments to the private markets and, with 15% of NEST's £42 billion AUM allocated to private markets, Diandra explains what more she wants to see from the sector.