Sustainability Insights: The impact of the Draghi report on ESG regulation

In this week's issue of Travers Smith's Alternative Insights, we are looking at the Labour Government's Autumn Budget, and its likely impact on UK alternative asset managers.

In this week's episode of Travers Smith's Sustainability Insights we are looking at the new UK government's approach to transition finance.Links:https://www.gov.uk/government/news/record-breaking-international-investment-summit-secures-63-billion-and-nearly-38000-jobs-for-the-ukhttps://www.cityam.com/bosses-at-worlds-biggest-banks-britain-is-ready-for-investment/https://www.gov.uk/government/speeches/pm-international-investment-summit-speech-14-october-2024https://www.gov.uk/government/news/game-changing-tech-to-reach-the-public-faster-as-dedicated-new-unit-launched-to-curb-red-tapehttps://www.cityam.com/rachel-reeves-promises-to-revolutionise-uk-capital-markets-and-boost-london-listings/https://www.gov.uk/government/news/dan-corry-appointed-to-lead-defra-regulation-reviewhttps://assets.publishing.service.gov.uk/media/670cde8692bb81fcdbe7b745/industrial-strategy-green-paper-final.pdfhttps://www.ukib.org.uk/https://www.british-business-bank.co.uk/finance-providers-equity-finance/british-growth-partnershiphttps://www.linkedin.com/posts/bvca_a-significant-step-forward-for-investment-activity-7251635037433991168-ztWw/https://www.theglobalcity.uk/PositiveWebsite/media/Research-reports/Scaling-Transition-Finance-Report.pdfhttps://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023H1425https://www.ft.com/content/c0ca95ce-ffcf-4c10-b789-174e359e16efhttps://player.captivate.fm/episode/457a3e0b-8938-43d1-8590-64e33625b7c0/https://url.uk.m.mimecastprotect.com/s/VBJCC8p4c9q036txt0FyxU-_?domain=sites-traverssmith.vuturevx.com

Welcome to the fifth episode in our Sustainability Insights ... in conversation series.In the fifth episode of our Sustainability Insights … in conversation series, where we discuss the role of responsible investment in improving risk-adjusted returns, in aligning values, and in solving real world problems.Does Sustainable Investing Work?

In this week's issue of Travers Smith's Alternative Insights, we are looking at we are looking at the EU AI Act, and its likely impact on the attractiveness of the EU as a hub for Artificial Intelligence.Links:https://academic.oup.com/book/36491https://digital-strategy.ec.europa.eu/en/policies/european-approach-artificial-intelligencehttps://www.theguardian.com/books/2023/sep/02/i-hope-im-wrong-the-co-founder-of-deepmind-on-how-ai-threatens-to-reshape-life-as-we-know-ithttps://oecd.ai/en/ai-principleshttps://www.esma.europa.eu/sites/default/files/2024-05/ESMA35-335435667-5924__Public_Statement_on_AI_and_investment_services.pdfhttps://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-financial-regulation-and-ai/https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-financial-regulation-and-ai/ https://www.gov.uk/government/consultations/ai-regulation-a-pro-innovation-approach-policy-proposals/outcome/a-pro-innovation-approach-to-ai-regulation-government-responsehttp://opiniojuris.org/2020/11/25/the-time-has-come-for-international-regulation-on-artificial-intelligence-an-interview-with-andrew-murray/#:~:text=I%20would%20much%20prefer%2C%20if%20possible%2C%20if%20this%20was%20a%20truly%20international%20(UN%2Dled%2C%20for%20example)%20exercise%20wherein%20countries%20like%20China%20are%20on%20board%20and%20not%20feeling%20coerced%20into%20adopting%20something

In this week's issue of Travers Smith's Sustainability Insights we are looking at Mario Draghi's report on EU competitiveness and its potential impact on sustainability regulation for private capital firmsLinks:https://commission.europa.eu/document/download/97e481fd-2dc3-412d-be4c-f152a8232961_enhttps://www.ft.com/content/298008a0-b75d-4062-9cb1-86b12ac30fbdhttps://commission.europa.eu/document/download/ec1409c1-d4b4-4882-8bdd-3519f86bbb92_enhttps://ec.europa.eu/commission/presscorner/detail/en/IP_00_96https://www.epc.eu/content/PDF/2024/20230277_hidden_champions_missed_opportunities_en.pdfhttps://www.traverssmith.com/knowledge/knowledge-container/new-mandatory-tcfd-reporting-for-more-uk-companies/https://commission.europa.eu/system/files/2023-03/Communication_Long-term-competitiveness.pdfhttps://doi.org/10.1093/jfr/fjac001https://link.springer.com/article/10.1007/s11142-021-09609-5https://www.bvca.co.uk/Portals/0/BVCA%20Response%20to%20FRC%20UK%20SD%20TAC%20CfE.pdfhttps://commission.europa.eu/document/download/e6cd4328-673c-4e7a-8683-f63ffb2cf648_en?filename=Political%20Guidelines%202024-2029_EN.pdf

In this week's issue of Travers Smith's Alternative Insights, we are looking at we are looking at NAV lending to private equity funds, and ILPA's recently issued guidance. Links: McKinsey's 2024 Global Markets ReviewILPA guidance on continuation fundsILPA review of its highly impactful reporting templateILPA guidance on NAV-based facilitiesFinancial Stability ReportBVCA pointed outILPA Guidance

Welcome to the third episode in our Sustainability Insights ... in conversation series.In the fourth episode of our Sustainability Insights … in conversation series, Simon Witney speaks to Diandra Soobiah, Director of Responsible Investment at Nest, the National Employment Savings Trust. Their discussion explores Nest's significant commitments to the private markets and, with 15% of NEST's £42 billion AUM allocated to private markets, Diandra explains what more she wants to see from the sector.

In this week's issue of Travers Smith's Alternative Insights, we are looking at trends in the private markets as discussed at our third annual Alternative Insights Summit in June.To see the agenda for our Summit, click here. Links:https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-back-to-work/https://www.linkedin.com/posts/travers-smith_assetmanagement-alternativeinsights-privatecapital-activity-7217464206562865152-BOcrhttps://www.linkedin.com/posts/travers-smith_assetmanagement-investigations-markets-activity-7219621018435227648-h7dEhttps://www.linkedin.com/posts/travers-smith_markets-assetmanagement-pensions-activity-7221107755879731200-eAlhhttps://www.bvca.co.uk/Policy/Investment-Compacthttps://www.linkedin.com/posts/travers-smith_assetmanagement-tax-markets-activity-7221835553900531714-vyWu/https://www.linkedin.com/posts/travers-smith_esg-sustainability-markets-activity-7218950444658626560-d1kP/

In this week's issue of Travers Smith's Alternative Insights, we are looking at trends in the private markets as reported by the keynote speaker at our recent summit.Links:https://www.bain.com/insights/topics/global-private-equity-report/https://www.collercapital.com/coller-capitals-40th-global-private-capital-barometer-summer-2024/

In this week's issue of Travers Smith's Sustainability Insights we are looking at the future for UK sustainability policy.We have released the third episode in our podcast series Sustainability Insights … in conversation. In conversation with Simon Witney, Ellen De Kreij, lead advisor to Apax’s Operational Excellence Practice on Impact and Sustainability, explains how Apax selects impact investments, how they work with management to promote impact, and how they report on impact to their investors.Listen to the conversation here, and please subscribe to receive future editions in this podcast series direct to your inbox.Links:https://www.cer.eu/insights/what-will-eu-election-results-mean-europehttps://uksif.org/wp-content/uploads/2023/08/Letter-to-PM-on-NZ-commitment-Aug23-UPDATED.pdfhttps://www.gov.uk/government/news/uk-becomes-first-major-economy-to-pass-net-zero-emissions-lawhttps://www.gov.uk/government/news/plans-unveiled-to-decarbonise-uk-power-system-by-2035https://www.gov.uk/government/news/uk-enshrines-new-target-in-law-to-slash-emissions-by-78-by-2035https://www.gov.uk/government/publications/net-zero-strategyhttps://www.traverssmith.com/knowledge/knowledge-container/biodiversity-net-gainhttps://www.bbc.co.uk/news/articles/cw44vj3e1wyohttps://www.traverssmith.com/knowledge/knowledge-container/sustainability-disclosure-requirements-sdr-and-investment-labels-the-new-rules/https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-sustainability-insights-the-european-commissions-review-of-sfdr/https://www.greenfinanceinstitute.com/wp-content/uploads/2023/10/GTAG-Chair-Final-Statement.pdfhttps://committees.parliament.uk/publications/43465/documents/216119/default/https://www.traverssmith.com/knowledge/knowledge-container/the-carbon-border-adjustment-mechanism-recap-and-updates/https://www.gov.uk/govhttps://betterbusinessact.org/ernment/consultations/addressing-carbon-leakage-risk-to-support-decarbonisationhttps://www.bbc.co.uk/news/uk-politics-68244772https://www.bvca.co.uk/Portals/0/Documents/Research/2024%20Reports/BVCA-Manifesto-For-Growth.pdfhttps://labour.org.uk/wp-content/uploads/2024/01/Financing-Growth.pdf