Last updated – 1 February 2022
ESG regulations are government standards for ESG actions or disclosures. While the ESG space is largely unregulated, legal requirements are coming into place in different countries, at different paces.
European Union
Sustainable Finance Disclosure Regulation (SFDR)
EU Taxonomy Regulation Article 8 Delegated Act
In development: Corporate Sustainability Reporting Directive (CSRD)
Regulatory body: European Commission (EC)
United Kingdom
In development: Sustainability Disclosure Requirements (SDR) and Investment Labels
In development: Diversity and Inclusion on Company Boards and Executive Committees
In development: Climate-related Disclosure Requirements
Regulatory body: Financial Conduct Authority (FCA)
United States
In development: Climate Disclosures for Public Companies
Regulatory body: Securities and Exchange Commission (SEC)
In development: Climate-related Financial Risks and Insurers
Regulatory body: US Federal Insurance Office (FIO)
In development: California – Climate Corporate Accountability Act (CCAA)
Regulatory Body: California Secretary of State Office
In development: New York – Fashion Sustainability and Social Accountability Act (FSSAA)
Regulatory body: New York State Department of Law
Australia
Prudential Practice Guidance on Climate Change and Financial Risks
Regulatory body: Australian Prudential Regulation Authority
Brazil
Management and Disclosure of Social, Environmental and Climate Risks
Regulatory body: Central Bank of Brazil (BCB)
In development: Circular on providing for the requirements for sustainability, to be observed by companies, insurance companies, open supplementary pensions (EACPCs) capitalisation companies and local reinsurers.
Regulatory body: Superintendent of Private Insurance (Susep)
Canada
In development: ESG-related Investment Disclosure for Funds
In development: Climate-related Disclosures for Listed Issuers
Regulatory body: Canadian Securities Administrator (CSA)
Chile
Sustainability and Corporate Governance Requirements in Annual Reports
Regulatory body: Financial Market Commission of Chile (CMF)
China
ESG-related Amendments to the Disclosure Rules Applicable to Listed Companies
Regulatory body: China Securities Regulatory Commission
Germany
Supply Chain Act
Regulatory body: Federal Office for Economic Affairs and Export Controls (BAFA)
Hong Kong
In development: Green and Sustainable Finance Strategy (Climate-related Disclosures)
Regulatory body: Hong Kong Securities and Future Commission (SFC), Hong Kong Monetary Authority (HKMA)
Japan
Revisions of Corporate Governance Code
In development: Mandatory TCFD reporting for prime segment listed companies
Regulatory body: Japan Financial Services Agency (FSA)
New Zealand
In development: Mandatory TCFD Reporting
Regulatory body: External Reporting Board New Zealand (XRB)
Singapore
Environmental Risk Management for Asset Managers, Banks and Insurers
Regulatory body: Monetary Authority of Singapore (MAS)
South Korea
In development: Mandatory ESG Report Disclosure
Regulatory body: Financial Services Commission of South Korea (FSC)
Switzerland
Articles 964a-964c, 964j-964l of the Code of Obligations
Regulatory body: Federal Audit Oversight Authority (FAOA)
