Insights

GHGP Scope 2 revision explained

The Greenhouse Gas Protocol (“GHGP”) provides established guidance on greenhouse gas emissions accounting, including Scope 2. It is used by voluntary frameworks such as the Science Based Targets initiative (“SBTi”) and RE100, as well as mandatory disclosure regimes including the European Sustainability Reporting Standards (“ESRS”) and the International Financial Reporting Standards (“IFRS”). The GHGP is currently undertaking its first major revision of the Scope 2 Guidance since 2015, with major implications for future reporting requirements, notably for the consumption of electricity.

SFDR 2.0 explained: strategic insights into the draft update

The European Commission’s forthcoming Sustainable Finance Disclosure Regulation (“SFDR”) revision signals a turning point in the EU’s approach to sustainable finance. Proposed changes include updates to product classifications, modifications to Principal Adverse Impacts (“PAIs”), and the formal inclusion of impact investing. The aim is to make the SFDR more efficient, simpler, and proportionate. It is important to note that the proposal document presented by the European Commission does not yet entail any definitive obligations, as it must still go through the full legislative process for final approval, which is expected to occur, at the earliest, in 2028.

What is catching the attention of tech investors in 2025?

Our recent due diligences on tech SME targets reveals a clear shift: sustainability is no longer a checkbox, it’s a strategic lens shaping investment decisions, tech transactions, and long-term positioning.

Slicing and dicing: getting to the “so what?” of your portfolio’s ESG data

As ESG data becomes more embedded in investment processes, the focus is shifting from simply collecting metrics to understanding what they actually mean. It’s no longer enough to report on emissions, diversity, or governance scores - investors want to know: “So what?”

Decoding California’s climate mandates

The $4 billion paradox: when responsible investing discovered defence

Maria Merry del Val, Director – ESG and Responsible Investing For years, defence spending sat firmly outside the remit of responsible investment. Now, that boundary is blurring. The very sector once synonymous with exclusion lists is now attracting billions in sustainability -labelled funds, creating a paradox that investors can no longer ignore.

ESG due diligence highlights covering Q1 and Q2 2025

Amita J, Practice Lead, ESG Due Diligence; Kumail Haider, Global Head of Due Diligence; Amita Jain, Lead of Due Diligence APAC; and Joris Olde Rikkert, Lead of Due Diligence UK. Our latest ESG due diligence work shows clear momentum across deals in the first half of 2025. In this period, we delivered 87 assessments, added to a total of more than 1,000 over the past 15 years, and identified over 430 opportunities for value creation. Our global coverage extended across the UK, Europe, North America, Latin America, and Asia, with each review aligned to client needs and leading ESG frameworks.

The limits of one-size-fits-all sustainability rules

The European Commission sought to simplify sustainability reporting. Instead, it may have created a bigger challenge.

Sustainability-linked lending: a market dividing into two clear paths

The sustainability-linked lending market has delivered over €300 billion in annual issuances for five consecutive years reflecting its importance in corporate finance (ING, 2025). The financial benefits for borrowers are clear: sustainability-linked structures can lead to reduced interest rates and improved access to capital. According to a recent report by Bain & Company and the Principles for Responsible Investment (“PRI”), sustainability-linked lending is a key driver of sustainability-linked value creation. At exit, it contributes to 6% in value increase of private market assets, reinforcing the business case for ESG integration (PRI, 2025).