The EU has reinforced its commitment to the European Green Deal under the new European Commission, maintaining its objective to be the first climate-neutral continent by 2050. Ursula von der Leyen’s mission letter to Commissioner Albuquerque, Commissioner for Financial Services and the Savings and Investments Union, directed the Commissioner to “scale up sustainable finance”, in particular transition finance and climate resilience. The Commissioner has been tasked with the promotion of the development and transparent categorisation of financial products and services with sustainability features and to continue working at an international level to ensure that the EU remains a global leader in sustainable finance.

Matheson’s Financial Services offering advises on all aspects of sustainable finance, including the disclosure obligations for financial market participants under the Sustainable Finance Disclosure Regulation (“SFDR”), EU-Taxonomy alignment disclosures, financial products tracking Paris-aligned Benchmarks and Climate Transition Benchmarks and use of the EU Green Bond Standard.