-
IMF publicly supports EU proposal to apply carbon pricing to imports
18 September 2020The head of the International Monetary Fund (IMF) has backed proposals by the EU to introduce carbon levies to imports if major emitting countries are unable to agree a minimum carbon price.
-
EU targets €225bn green bond issuance amid strengthened climate push
16 September 2020The EU said it intends to raise 30% of its €750 billion ($890 billion) Next Generation EU (NGEU) recovery fund through the issuance of green bonds, as it boosted its greenhouse gas (GHG) emissions reductions target for 2030.
-
EU recovery fund deal could boost green bond market: S&P
24 July 2020A massive potential 'green' debt issuance to fund the EU coronavirus (Covid-19) recovery plan could help crowd-in further green private capital to the market, S&P Global Ratings tells Ahren Lester.
-
European insurers demand more sustainable investments
21 July 2020Insurance Europe, which represents most of the continent's insurance industry, has reiterated calls for the European Commission to increase the supply of suitable sustainable investments. It also called for increased access to environmental, social and governance (ESG) data, and asked the Commission to ensure proportionate ESG rules.
-
EU's TEG publishes five principles for sustainable recovery
17 July 2020The EU Technical expert group on sustainable finance (TEG) has proposed five high-level principles for sustainable recovery and resilience that should guide the bloc's stimulus packages in response to the coronavirus (Covid-19) crisis.
-
EU launches Sustainable Finance Platform after Taxonomy approval
19 June 2020The European Commission has officially launched a new expert group that will advise the bloc on its final EU Taxonomy criteria for 'green' activities and a potential expansion to cover social objectives and 'brown' activities.
-
EIOPA calls for non-financial information to be audited
17 June 2020The lack of reliability and comparability of the non-financial information disclosed by companies is one of the challenges to embedding sustainability considerations in investors' risk management and other processes, according to the European Insurance and Occupational Pensions Authority (EIOPA).
-
UK will 'wait to decide' whether to adopt EU Taxonomy after Brexit
08 June 2020The UK government is to reserve judgment on whether it will adopt the EU Taxonomy for sustainable activities after it finalises its departure from the bloc, due to the lack of "clarity" currently surrounding the guidelines.
-
'Time has come' for SEC to address ESG disclosure
22 May 2020A committee of the US Securities and Exchange Commission (SEC) has urged the regulator to take a lead on environmental, social and governance (ESG) disclosures, amid concerns a delayed response will result in US firms suffering a "distinct disadvantage" in accessing international capital.
-
Use our Taxonomy as a framework for economic recovery, urges EU's TEG
27 April 2020Policy makers and the private sector have been urged to use the tools developed as part of the EU's sustainable finance action plan to guide the rebuilding of economy following the coronavirus (Covid-19) crisis.