Catherine Sellars

The pace is certainly picking up on implementation of the Economic Crime and Corporate Transparency Act 2023 (ECCTA), which will introduce a radical transformation of how people deal with Companies House. If you need a refresher, more details can be found in our toolkit here.

Rachel Reeves has recently announced her plans to accelerate the development of new legislation regulating the way in which ESG ratings are formulated and applied in the UK, building upon work started by the previous administration earlier this year. The way in which ESG ratings are created and measured is largely an unregulated landscape at the moment.

Last week, the UK government provided an update on the implementation of the UK's Sustainability Disclosure Requirements (SDR) framework. Introducing economy-wide SDRs is central to the government's long-term strategy of facilitating transparent flows of information between key stakeholder corporates, investors and other stakeholders in order to ensure that those looking to allocate capital with sustainability in mind can do so on the basis of readily available and reliable data.