Authors: Alexandra Beidas, Mirit Ehrenstein

UK - ESG impact on pay for financial services firms

The EU is introducing new ESG-related obligations for financial sector managers and advisers which will come into force next year. This applies beyond those who pursue ESG-related strategies. In addition, CRD V and the IFD require the EBA to produce a report on incorporating ESG risks into governance, risk management and supervision for firms subject to those Directives. We consider these and what you need to do to prepare, specifically in relation to remuneration.

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