Archive

Leaked paper says EU omnibus will protect investors' data needs

'Simplification' of sustainability reporting requirements will be done in a way that 'ensure[s] tight alignment of the data required with the needs of investors', according to a leaked draft policy paper by the European Commission.

France calls for 'massive regulatory pause' of CSDDD, CSRD

The EU should 'indefinite[ly] postpone' sustainability due diligence rules and delay implementation of its Corporate Sustainability Reporting Directive (CSRD) by two years, the French government has said.

TNFD's data facility could reduce the dominance of big players, says tech firm

The Taskforce on Nature Related Financial Disclosure's (TNFD) open data facility should introduce open funding applications and tiered licensing to reduce market dominance of big players, Refinq has said.

Account for 'stranded asset' risks alongside transition plan rules, EU advised

The EU should create a framework to account for the depreciation of highly polluting assets "at risk of becoming stranded" to help financial institutions assess the credibility of transition plans, it has been told by advisers.

NatureAlpha hires BlackRock's Segafredo, eyes index creation

Nature data specialist NatureAlpha has hired Laura Segafredo from BlackRock, Environmental Finance has learned. She will look to help grow the business including through developing nature-focused indexes.

BNP Paribas backs species conservation metrics

Mars, Unilever & Nestle warn EU against omnibus sustainability regulation

Business giants Mars, Unilever and Nestle have urged the European Commission against reopening several sustainability rules under a proposed 'omnibus' regulation, saying they risk undermining investment and competitiveness.

French regulator wades into CSRD debate with call for faster adoption of sector-specific ESRS

The French accounting standards authority has suggested the EU should speed up adoption of sector-specific reporting standards as part of a radical overhaul that could contribute to reducing requirements under the Corporate Sustainability Reporting Directive (CSRD).

EU sustainability omnibus regulation 'like opening Pandora's box'

The EU faces a complicated task balancing its drive for 'simplification' of sustainability reporting with ensuring it does not adversely affect a complex network of regulations linked to the EU Green Deal - a move one observer likened to "opening Pandora's box".

Regulators divided on value of transition plans for ensuring financial stability

Financial regulators globally are divided on whether climate transition plans should be used to assess financial institutions' risk management, according to a report by the Financial Stability Board (FSB).