As businesses emerge from COVID with a significant amount of corporate debt, the landscape in the financial markets have also evolved: The focus on ESG issues has intensified. We have seen institutional investors demand more in these areas, in terms of both disclosures and concrete targets, from banks and funds. Meanwhile, emerging regulations, and reforms designed to help meet climate change targets and to enhance corporate governance, sustainability and environmental and social responsibility, are underway. It is timely to take stock of where we are and consider how ESG issues could affect refinancings and restructurings of debt going forward. This article highlights seven key potential development areas through considering recent legal developments, market practices and trends.

We would be interested to hear the views of our clients and other market practitioners. Join the discussion on the Mayer Brown
Eye on ESG Blog. You can also find more updates and articles to keep you up to speed of the transition to sustainable business and finance there.

Downloads –