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Investment advisers offering funds in more than one country are accustomed to adapting to different regulatory requirements. However, the challenges presented by the global regulation of environmental, social, and governance (ESG) investing strategies are presenting a particularly arduous burden, says global law firm K&L in its new report, Global Survey of ESG Regulations for Asset Managers. Not only do investor demands differ among countries, but the regulators and other controlling bodies have imposed, or proposed to impose, different requirements that will impact approaches to investing fund assets, disclosures, and marketing, even with the same strategies.

In the report, K&L Gates provides an overview of recent regional ESG regulatory updates affecting investment management:

United States

- Federal ESG regulation less likely under new administration - Climate risk disclosure rules may be rescinded - Legal actions against asset managers participating in Climate Action 100+ and NZAM - NZAM (the Net Zero Asset Managers initiative) suspended activities on January 13 to review processes

Hong Kong

- Published Roadmap on Sustainability Disclosure (December 2024) - HKICPA (the Hong Kong Institute of Certified Public Accountants) published sustainability ......................

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