Financial institutions are being impacted by Environmental, Social, and Governance (ESG) regulations, including regulations pertaining to human rights. The trend to regulate financial institutions with respect to ESG criteria also impacts the financial covenants applicable to operational companies borrowing for their activities, including corporations active in the commodity business.

The Regulatory Trend in the Financial Sector, including in Europe with the EU Sustainable Finance Disclosure and the EU Sustainable Finance Taxonomy Regulations, is affecting entities conducting business within Europe and outside of Europe.

• The Implementation Issues Regarding the ESG Regulations in Europe
• The ESG Financial Covenants Applicable in the Financing of Commodity Trading