Publication
New Internal Regulations of the National Energy Commission
The Internal Regulations of the National Energy Commission or “CNE” were published in the Federal Official Gazette.
Pensions Regulator publishes report on ESG compliance
United Kingdom | Publication | August 2024
On July 30, 2024, the Regulator published its market oversight report on how trustees are complying with their environmental, social and governance (ESG) duties, including in respect of climate change.
The Regulator finds that the vast majority of trustees are meeting their ESG-related disclosure requirements, but deeper analysis found that many are only delivering minimum compliance.
Some of the suggestions the Regulator makes are that trustees could:
- Include appropriate levels of detail in their reporting to demonstrate that they are effectively managing financially material ESG related risks.
- Consider going beyond climate change reporting and voluntarily becoming early adopters of reporting on aspects such as social factors or nature related reporting.
- Take a more thorough approach to assessing their scheme’s arrangements with asset managers in order to protect saver outcomes.
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Email
lesley.browning@nortonrosefulbright.com
Recent publications
Publication
UK Pensions Briefing | Pensions Regulator publishes its first Annual Funding Statement under the new funding code
The Regulator’s annual funding statement for private sector DB schemes was published on April 29, 2025. It is the first such statement since the new DB funding regime came into force from September 22, 2024, onwards.
Publication
A deeper challenge: First nations underwater cultural heritage in Australia
The destruction of the 46,000-year-old Juukan Gorge rock shelters in 2020 was a wakeup call for project proponents on the importance of successfully managing Aboriginal and Torres Strait Islander cultural heritage risks.
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