Although there is increasing demand for investments that take into account environmental, social and governance (ESG) factors, ESG investing poses certain challenges for fund managers. A Dechert program examined the most pressing issues facing fund managers that are interested in pursuing ESG strategies. The program featured partners Julien Bourgeois; Andrew L. Oringer; Mark D. Perlow; Mikhaelle Schiappacasse; and Anthony S. Kelly, former Co‑Chief of the Asset Management Unit of the SEC’s Division of Enforcement. This article, the second in a two-part series, covers E.U and global ESG developments, including E.U. and global leadership; disclosure, taxonomy and low-carbon benchmarks regulations; and other E.U. initiatives. (The first article focuses on the U.S. regulatory landscape.) See “Survey Identifies Drivers and Obstacles for Sustainable Investing” (Apr. 2, 2020); and “Preparing for the Impact Revolution: How Fund Managers Can Implement the Philosophy of ‘Doing Well by Doing Good’” (Mar. 21, 2019).