Archive

EU sustainability rule cutback is chance to coalesce with 'global baseline' - IFRS chair

The EU's plans to reduce its sustainability reporting requirements present an opportunity to align more closely with the IFRS sustainability disclosure standards, according to the chair of the IFRS Foundation.

Investors sound alarm that EU's Omnibus threatens 'significant weakening' of ESG data

The European Commission's plans to overhaul sustainability reporting risk hollowing out the EU sustainable finance framework and jeopardising its Green Deal, it has been warned by investors with a combined €6.6 trillion ($6.8 trillion) in assets.

EU pitches 'unprecedented simplification' with cuts to sustainability reporting

Omni-confusion

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

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.

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.

Von der Leyen promises 'far-reaching simplification' of sustainable finance rules

The European Commission will present "far-reaching simplification of our sustainable finance and due diligence rules" next month alongside a plan to promote invest in clean technologies, its president Ursula von der Leyen said.

Tailor SFDR to fit 'unique' pension fund needs, Dutch association urges EU

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.