09 Jul 2021 Originally a self-regulated sphere in which voluntary principles underpinned activity, ESG debt is attracting increasing regulatory focus тАФ┬аespecially in Europe, where the EUтАЩs ambitious Action Plan on Sustainable Finance is creating a demanding new framework around the market. What does this imply for issuers and investors? And are other regions in step with European developments? Clifford Chance and Latham & Watkins clarify the state of play. The raft of measures that make up the EUтАЩs Action Plan on Sustainable Finance тАФ including the Taxonomy for Sustainable Activities, the Green Bond Standard (GBS) and the Sustainable Finance Disclosure Regulation (SFDR) тАФ represent European regulatorsтАЩ response to the need to mobilise more capital in pursuit of Paris Agreement targets.