Key Legal and Regulatory Updates in Sustainable Finance for 2023
Legal and Regulatory Study Commissioned by ISFCOE to Update National Sustainable Finance Roadmap
A recent legal and regulatory study commissioned by the International Sustainable Finance Centre of Excellence (ISFCOE) has provided critical input for the update of the National Sustainable Finance Roadmap in 2023. The study, which builds upon the 2021 report titled “Ireland as a Global Centre of Excellence for Sustainable Finance – Legal and Regulatory Report,” outlines the evolving global legal and regulatory landscape, updates on European and Irish legal developments, and pending future developments in sustainable finance.
The study highlights the challenges faced by stakeholders in adapting to rapidly changing rules and regulations, particularly in light of the European Union’s ambitious legislative program in sustainable finance. The report emphasizes the importance of engagement at the EU level to address key interpretation issues and calls for further guidance from the Central Bank of Ireland to assist with compliance.
Key upcoming legislative and regulatory developments are outlined in the report, underscoring the need for a holistic, multi-disciplinary approach to address the challenges and opportunities presented by sustainable finance. The study also emphasizes the importance of continued government support to leverage Ireland’s reputation as a leader in sustainable finance.
Overall, the study highlights the need for ongoing collaboration and knowledge development to maintain Ireland’s position as a center of excellence for sustainable finance. With the global focus on combating climate change and meeting sustainability goals, Ireland has the opportunity to capitalize on its strong regulatory framework and skilled talent pool to attract sustainable investment and drive the transition to a more sustainable economy.