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Minimum standards for ESG benchmarks would face 'strong pushback', PwC says
20 February 2023The creation of mandatory minimum standards for all environmental, social and governance (ESG) indexes in the EU would likely face "strong pushback", PwC has warned in a report to the European Commission.
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Corporate sustainability 'due diligence' proposal passes key vote
10 February 2023An EU Parliamentary committee has approved the text of a proposed directive to ensure large financial and non-financial corporates prevent human rights violations and adverse environmental impacts in their value chains.
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Spate of climate litigation takes aim at oil, gas, cement and nuclear
09 February 2023A spate of climate-related litigation has been launched that proponents say will increase companies' accountability for their contribution to climate change and prevent 'greenwashing'.
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EU green bond standard mired in broader market discussions
23 January 2023Attempts to finalise a standard have been bogged down in talks about whether the labelled bond market also needs minimum requirements - but there is hope of resolution. Ahren Lester reports
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EU says defence industry not excluded from sustainability taxonomy
03 January 2023The European Commission has advised companies that some activities in the defence industry can be identified as 'sustainable' under the EU's sustainability taxonomy.
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EU agrees 'game-changing' carbon market expansion
20 December 2022The EU has agreed a ground-breaking carbon border adjustment mechanism (CBAM) alongside a deal to strengthen and expand its emissions trading system (ETS),...
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More turbulence forecast for EU taxonomy as expert group plots way forward
30 November 2022The European Commission has been warned of further challenges that could stifle progress on its sustainability taxonomy, including in areas such as forestry and on criteria to ensure investments do not 'significantly harm' the EU's sustainability objectives.
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EU asks regulator to 'consider merit' of Taxonomy-linked green loan label
28 November 2022The European Commission has asked the European Banking Authority (EBA) to "consider the merits" of creating a "green loan label" based on the EU Taxonomy.
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COP27: ISSB signs partnership framework with 20 organisations
09 November 2022Interoperability framework with EFRAG still in the woodwork, while CDP integrates IFRS S2
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EU Taxonomy alignment lower than expected, says Commission
21 October 2022The EU Commission is to prioritise work to promote transition plans, following lower-than-expected levels of investor alignment with the sustainability taxonomy, a key executive has said.