Archive

EU: Green bond issuance to 'gather pace' in 2024 after slow start

The EU expects to accelerate its green bond issuance in 2024 following revisions to member states' investment plans, after the massive green bond programme fell behind its targeted share of total borrowing by the bloc.

European FIs 'heavily exposed' to nature risks, warns Commission

European financial institutions are "heavily exposed" to nature-related risks, the European Commission's Joint Research Centre has found, warning this could have "dire consequences" for the financial system.

Investors devise long wish list for much-maligned SFDR

Every financial product sold in the EU should be required to disclose sustainability information under the much-maligned Sustainable Finance Disclosure Regulation (SFDR), Europe's largest asset manager has said.

Updated: Financial institutions partially exempt from supply chain due diligence under 'milestone' rules

The finance sector will be exempt from carrying out environmental and social due diligence of companies 'downstream' in the supply chain under newly agreed EU rules, in a victory for lobbyists who claimed it would add disproportionate costs and unfairly expose institutions to legal claims.

Taxonomy criteria for aviation and shipping enter EU law

EU consulting on taxonomy expansion

No need to scrap SFDR Articles 8 and 9, PwC says

The EU could make "tweaks" to its Sustainable Finance Disclosure Regulation (SFDR), rather than wholesale changes that could lead to the Article 8 and 9 categories being scrapped, according to an executive at PwC Luxembourg.

Extend SFDR reporting to all financial products, says Mirova

Even financial products not targeting sustainability objectives should be required to provide information under the Sustainable Finance Disclosure Regulation (SFDR), Mirova has argued.

EU mulls scrapping Article 8, 9 distinction and creating sustainability 'categories'

The EU is considering radical changes to its controversial Sustainable Finance Disclosure Regulation (SFDR) that could see it ditch the Article 8 and 9 designations that are widely used by investors to signal the sustainability ambition of funds.

Commission makes concession following criticism of ESRS materiality opt-out

Companies that say climate-related matters are not 'material' to them will be required to provide European regulators with a "detailed explanation" why, under revisions to the European Sustainability Reporting Standards.