Archive

EU weakens ETS ambition, in 'major setback' for climate mitigation

In a fundamental reshape to one the European Union's flagship decarbonisation policies, the European Commission has today announced plans to weaken the ambition of the Emissions Trading Scheme.

SEC chair suggests making permanent controversial 'no action' stance

The US Securities and Exchange Commission (SEC) chair suggested the agency would continue not to adjudicate on the validity of shareholder proposals, arguing that the move "did not create the chaos that many feared" this year.

Retrenching regulations are reshaping reporting

With reporting requirements in retreat, what are the implications for ESG data, asks Michael Hurley

CSRD 'simplification' saga nears end with adoption of EU standards

Observers have welcomed the adoption of heavily reduced European Sustainability Reporting Standards (ESRS), a development they said would accelerate preparations for implementation following almost two years of uncertainty.

EU requests input on CSDDD guidance

The European Commission has asked for feedback to inform the development of guidelines on implementing the EU Corporate Sustainability Due Diligence Directive (CSDDD).

'Any EU public sector debt to automatically qualify for new SFDR transition label'

EU countries are preparing to recommend allowing general purpose debt issued by EU-based public sector bodies as eligible under the Sustainable Finance Disclosure Regulation's (SFDR) new transition label, according to a leaked draft obtained by Environmental Finance.

Exemption for asset managers in ESRS 'creates a reporting vacuum'

The EU risks creating a "reporting vacuum" that undermines investors' data needs if it proceeds with a proposal to exempt asset managers' reporting under the Corporate Sustainability Reporting Directive (CSRD), observers warned.

Brazil revokes mandatory sustainability reporting for listed companies

SEC cites EU, ISSB 'challenges' among reasons for revoking climate rules

The US Securities and Exchange Commission (SEC) cited "challenges faced by other climate-risk reporting regimes" including in the EU's among reasons for proposing to revoke in full its own rules.

EU banks call for cuts to ESG rules to 'level playing field' with US

Complex ESG-related EU banking rules impede financing for the energy transition and disadvantage domestic institutions relative to their US peers, European banks said as they called for cuts to regulation.