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Home > Environmental, Social and Corporate Governance (ESG) > TCFD Is Dead, Long Live ISSB – Are You Ready?

TCFD Is Dead, Long Live ISSB – Are You Ready?

By Aliza Cinamon, Rachel Lowe & Michael Singh on May 22, 2025

Sustainability reporting is evolving fast. As global momentum builds around the endorsement and adoption of the International Sustainability Standards Board (ISSB) standards in key jurisdictions, businesses must act now to stay ahead. Our latest report breaks down—what’s changing, where it’s headed, and how you can prepare.

Download the full report now and gain the insights you need to navigate the future of the ISSB’s climate-related financial disclosures with confidence. It covers:

  1. The key differences between the ISSB Standards and the TCFD Recommendations
  2. How endorsement and adoption of the ISSB standards is progressing across major jurisdictions
  3. Essential steps to ensure a smooth transition for your business

DOWNLOAD THE FULL REPORT

Posted in Environmental, Social and Corporate Governance (ESG), UK/EU Financial Regulation
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Photo of Aliza Cinamon Aliza Cinamon

Aliza R. Cinamon leads Proskauer’s Environmental Group. She advises both U.S. and international clients on a broad spectrum of environmental issues in connection with complex corporate, real estate, financing and bankruptcy transactions. Aliza provides clients with a deep array of capabilities, acting on…

Aliza R. Cinamon leads Proskauer’s Environmental Group. She advises both U.S. and international clients on a broad spectrum of environmental issues in connection with complex corporate, real estate, financing and bankruptcy transactions. Aliza provides clients with a deep array of capabilities, acting on matters that involve liability and risk allocation issues, remediation, brownfields, ESG, sustainability and climate change, public company disclosures, environmental insurance and technical expert management. Her practice also includes representing clients in superfund litigation matters, environmental compliance and permitting and federal and state environmental enforcement proceedings. She has worked on transactions involving both public and private companies covering a wide variety of industries including pharmaceuticals, chemical manufacturing, life sciences, telecommunications, real estate construction and development, sports and retail.

Aliza is also devoted to pro bono matters, including heading the Firm’s efforts on behalf of Holocaust victims eligible for reparations, obtaining disability benefits for veterans, identifying and assisting potential victims of trafficking, helping persecuted Iraqis seeking refuge in the U.S. and providing corporate counseling for a number of the Firm’s other pro bono clients. Before joining Proskauer, Aliza interned for the U.S. District Court, New York, Southern District with Judge Shira Scheindlin.

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Photo of Rachel Lowe Rachel Lowe

Rachel E. Lowe is a special regulatory counsel in the Corporate Department and a member of the Private Investment Funds Group.

Rachel advises on financial services regulation specializing in sustainable finance and ESG regulation. She has particular expertise in drafting and advising on…

Rachel E. Lowe is a special regulatory counsel in the Corporate Department and a member of the Private Investment Funds Group.

Rachel advises on financial services regulation specializing in sustainable finance and ESG regulation. She has particular expertise in drafting and advising on the Sustainable Finance Disclosure Regulation (SFDR) and the Taxonomy Regulation. Rachel has also supported with EU MiFID and AIFMD sustainability updates for clients, including from a governance and organizational perspective, as well as providing drafting and training support. She also advises on the Corporate Sustainability Reporting Directive (CSRD), including analysis of its applicability for large international group structures.

From a UK perspective, Rachel supports clients with the TCFD-related requirements in the Financial Conduct Authority’s ESG Sourcebook and is increasingly engaged on the UK’s Sustainability Disclosure Requirements (SDR).

More broadly, Rachel has worked with litigation colleagues to assist clients with understanding and mitigating greenwashing-related legal and regulatory risk.

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Photo of Michael Singh Michael Singh

Michael is an associate in the Private Funds Group in the Corporate Department.

Michael advises clients on a variety of regulatory issues both from a UK and European perspective. He also helps clients on fund related transactions. His clients include private equity firms…

Michael is an associate in the Private Funds Group in the Corporate Department.

Michael advises clients on a variety of regulatory issues both from a UK and European perspective. He also helps clients on fund related transactions. His clients include private equity firms, investment managers, FinTech companies and wealth management businesses.

He is dual-qualified as a German lawyer (“Rechtsanwalt”) and Solicitor of England and Wales and previously was in-house counsel at Deutsche Bank.

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