Require transition plans in Solvency II, EU urged
'Ground-breaking' CSDDD rule secures European Parliament approval
The EU Corporate Sustainability Due Diligence Directive (CSDDD) has secured approval from the European Parliament that will require companies to implement climate transition plans and disclose the impact of their value chains on human rights and the environment.
Financial institutions in scope of EU due diligence rules after vote
Financial institutions would be required to disclose climate transition plans and conduct due diligence to ensure they do not contribute to negative impacts across their value chain, under new rules agreed by an influential EU Parliamentary committee.
Asset manager biodiversity action 'lagging' behind other ESG themes
Glencore shareholders demand more transparency on coal plan
Investors representing $2.2 trillion in assets have asked Glencore to provide more information on how the mining giant's ongoing thermal coal production aligns with its commitment to support the Paris agreement
Calls to include financial services in CSDDD
MEPs and NGOs urge the European legislators to include financial institutions and strengthen social requirements in its version of the Directive
HSBC pledges to stop financing new oil and gas
HSBC has announced it will not finance any new oil and gas fields, in a move a pressure group said sends a strong signal to other banks to follow.