REGULATORY RADAR - The Equator Principles Association has released a new version of the Equator Principles, which serve as a common set of standards for financial institutions to assess and manage environmental and social risks in financing projects, such as project-related loans and project finance advisory services.
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REGULATORY RADAR - The California Insurance Commission issued a one-year ban on insurers cancelling policies for homes and businesses in wildfire areas, a move that will impact at least 800,000 homes.
Read MoreREGULATORY RADAR - On January 6, 2020, the New Jersey Assembly’s Environment and Solid Waste and Appropriations Committees voted to pass legislation that establishes goals, initiatives, and programs to encourage and support use of plug-in electric vehicles (EVs).
Read MoreREGULATORY RADAR - Across the United States, the minimum wage increased for 24 states and 48 cities at the start of 2020.
Read MoreREGULATORY RADAR - The Hong Kong Stock Exchange has published conclusions to its ESG Reporting Guide consultation, based on a questionnaire seeking public views on strengthening ESG rules and publishing guidance materials on ESG and gender diversity.
Read MoreREGULATORY RADAR - On January 6, 2020, the United States Environmental Protection Agency (EPA) signed an Advance Notice of Proposed Rule with the intention of enacting a rulemaking effort known as the Cleaner Trucks Initiative.
Read MoreREGULATORY RADAR - On January 1, 2020, a global regulation set by the International Maritime Organization (a United Nations agency responsible for ensuring safe and efficient shipping on clean oceans) came into effect, and will substantially reduce harmful sulfur oxide emissions from ships.
Read MoreREGULATORY RADAR - Denmark has adopted its first ever climate bill. In December 2019, the Danish Parliament approved a target of reducing carbon dioxide (CO2) emissions by 70% by 2030, in comparison with 1990 levels.
Read MoreREGULATORY RADAR - The Consumer Financial Protection Bureau (CFPB) has issued policy guidance clarifying its intended application of the “abusiveness” standard under the Dodd-Frank Act, which was intended to protect consumers from abusive practices related to financial services and products.
Read MoreREGULATORY RADAR - France has passed new rules prohibiting luxury goods companies from destroying returned items and unsold goods.
Read MoreREGULATORY RADAR - On January 27, 2020, New Jersey Gov. Philip D. Murphy announced that builders will be required to account for the impact of climate change, including rising sea levels, to receive government approvals for projects.
Read MoreREGULATORY RADAR - In January 2020, the Virginia Senate and House of Delegates voted to amend the U.S. Constitution, becoming the last state needed to ratify the Equal Rights Amendment (E.R.A.).
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