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Old emissions data risks undermining taxonomy, advisers tell EU

"Immediate work is required" to replace outdated emissions data that does not reflect major improvements in companies' greenhouse gas emissions performance and that risks lowering ambition among EU taxonomy users, expert advisers said.

CSRD needs more explicit link to transition plans and capex, advisers tell EU

People Moves, 23 January: Glass Lewis, EU Platform on Sustainable Finance, Gresham House ... and more

Commission calls for entrants for next Platform on Sustainable Finance

Commission adopts EU taxonomy reporting cuts despite data accessibility concerns

The European Commission has adopted cuts to EU taxonomy reporting that will "reduce administrative burden" for companies and financial institutions, including to templates it said would reduce datapoints lenders must report by 89%.

Taxonomy cuts to 'significantly damage' sustainable investment market, warn EU advisers

The EU has been warned by its expert advisers that proposed cuts to its sustainability taxonomy will have negative 'ripple effects' on the Sustainable Finance Disclosure Regulation (SFDR) and constrain the market for sustainable and transition investments.

EU Platform identifies core elements of a transition plan

Analysis of EU companies' transition plans "lays the foundation for minimum requirements" for credible plans, according to independent advisors to the European Commission.

EU warned against undermining taxonomy as advisers unveil transition monitoring tool

The EU has been warned it could undermine its sustainability taxonomy if it follows through with plans to significantly reduce the scope of reporting requirements, in a report by independent expert advisers.

EU advisers present taxonomy overhaul to 'cut reporting burden by one-third'

The EU should allow companies and financial institutions to use estimates and data proxies more widely when reporting alignment with the EU Taxonomy, among measures to reduce reporting requirements of businesses by "more than one-third", according to advisers.

Omni-confusion

What will the EU's Omnibus regulation mean for sustainable finance, Michael Hurley asks