Sustainability Disclosure Requirements (SDR) – EVORA Insights

New sustainability disclosure requirements (SDR) and a labelling system for investment products have been released by the UK’s Financial Conduct Authority, with some requirements set to take effect as soon as 2024. Context On November 28th 2023, the Financial Conduct Authority (FCA) released the long-anticipated Sustainability Disclosure Requirements and investments labelling system. The regime has…

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Three Signs Real Estate Must Move to a More Sustainable Model

1. Governments are putting sustainability into law and regulations continue to tighten. The response of the international community to Donald Trump’s decision to withdraw from the 2015 Paris agreement demonstrates that we (most of the rest of the world) have long since reached our ‘tobacco’ moment and acknowledged that climate change is real and we…

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Budget 2016: Changes to the UK Government Energy Efficiency Strategy

Significant changes to the Government’s energy efficiency strategy were announced in today’s budget (16 March 2016).  Key points are summarised below: The Carbon Reduction Commitment (CRC) energy efficiency scheme will be scrapped at the end of the 2018-19 compliance year (the end of Phase 2). Obligated businesses will be required to surrender allowances for the…

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70% of organisations on the road to ESOS compliance

Latest figures from the Environment Agency show 6000 organisations have ESOS compliance. In the two days before 29 January deadline, the agency received a further 1,015 notifications of compliance. This last-minute action reflected earlier fears of a slow start to compliance by organisations covered by the scheme. More information via The Environmentalist

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Changes to Display Energy Certificates

The Government is proposing a shake up to the current Display Energy Certificates to reduce the cost burden on the public sector with the likely outcome that schools, town halls and swimming pools will be exempt from the requirements to have a DEC. We have responded to the Department for Communities and Local Government (DCLG),…

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Heat Network Update 2015

The Heat Network (Metering and Billing) Regulations 2014 – an update EVORA can now provide a further update on the above regulations. The National Measurement Office has issued a Scope and Guidance Document covering the regulations. A heat supplier obligated under the regulations is defined as a person (or organisation) who supplies and charges for…

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Environmental Legal Updates

Please find an update on environmental legal updates on F Gas rules and The Heat Network (Metering and Billing) Regulations 2014, which may impact on the operation of your buildings. Changes to F Gas rules Introduced in the UK on 1st January 2015, EU Regulation 517/2014 has replaced previous regulations dealing with maintenance and inspection of…

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