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Updated: Financial institutions partially exempt from supply chain due diligence under 'milestone' rules
14 December 2023The 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.
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EU member states back extension of net-zero investment act to cover nuclear, aviation fuel
08 December 2023 -
EU Parliament, Council reach building energy performance deal
08 December 2023 -
EU database for sustainability information to cover green bonds
24 May 2023Plans to create a free-to-use database of EU sustainability disclosures passed a key milestone, after politicians struck an agreement on its development which will extend its coverage to include green bonds.
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EU Council edges towards mandatory ESG disclosure for sustainable bonds
12 May 2023The European Council has publicly moved towards agreeing to include mandatory environmental, social and governance (ESG) disclosures for all labelled sustainable bonds into EU bond prospectus rules,...
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EU Green Bond Standard 'tax haven' ban provisionally agreed
09 March 2023The ban on issuers from 'tax haven' jurisdictions from issuing bonds under the EU Green Bond Standard (EU GBS) was retained in the provisional agreement on the landmark regulation last week, Environmental Finance has learned.
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EU Green Bond Standard: Provisional deal on landmark regulation agreed
01 March 2023The ground-breaking green bond regulation is now on the home straight after key compromises were sealed, with sustainability-linked bonds now firmly in sight of EU regulation. Ahren Lester reports
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Calls to include financial services in CSDDD
23 December 2022MEPs and NGOs urge the European legislators to include financial institutions and strengthen social requirements in its version of the Directive
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De Cambourg backed for EFRAG sustainability reporting role
14 July 2022Patrick de Cambourg has received the support of the European Parliament's committee on legal affairs to become chair of EFRAG's Sustainability Reporting Board.
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Delayed European database for disclosures gets Council sign-off
30 June 2022A two-year delay to a proposal for a free, publicly available European Single Access Point (ESAP) for financial and sustainability-related information has been agreed by EU member states.