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UK will 'wait to decide' whether to adopt EU Taxonomy after Brexit
08 June 2020The UK government is to reserve judgment on whether it will adopt the EU Taxonomy for sustainable activities after it finalises its departure from the bloc, due to the lack of "clarity" currently surrounding the guidelines.
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Deutsche Bank sets 'ambitious' sustainability targets
15 May 2020Deutsche Bank outlined targets which will see the German lender boost sustainability assets to over €200 billion ($217 billion) by 2025 and issue its first green bond.
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'Alarming' omission of oil and gas from EU financial disclosure rules draft
04 May 2020EU financial regulators have been criticised for appearing to omit oil and gas from its definition of fossil fuel sectors in its draft environmental, social and governance (ESG) disclosure requirements.
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Use our Taxonomy as a framework for economic recovery, urges EU's TEG
27 April 2020Policy makers and the private sector have been urged to use the tools developed as part of the EU's sustainable finance action plan to guide the rebuilding of economy following the coronavirus (Covid-19) crisis.
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S&P Dow Jones launches Paris-aligned index family
21 April 2020S&P Dow Jones Indices (S&P DJI) has launched a family of climate-focused European indexes which are consistent with the specifications of the EU technical expert group on sustainable finance (TEG) report.
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External reviewers under EU green bond standard will 'still have some flexibility'
14 April 2020Verifiers under the EU Green Bond Standard (EU GBS) would still have some flexibility in how they reach their conclusions, a member of the EU's Technical Expert Group on Sustainable Finance (TEG) has argued.
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EU Taxonomy needs more transition technologies, says EnBW
14 April 2020Utility firms remain hopeful that the EU Taxonomy on Sustainable Activities will include more 'transition technologies' following the latest consultation period.
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Carney: EU Taxonomy 'still too narrow'
25 March 2020Former Bank of England governor Mark Carney has reiterated that the EU Taxonomy for Sustainable Activities remains "quite proscriptive" despite recent revisions, while he is optimistic it will become richer through the addition of transition activities in the future.
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EU Taxonomy to be reference in innovating bond market - ICMA
17 March 2020The International Capital Market Association (ICMA) believes the EU Taxonomy for Sustainable Activities will become a key reference as the green bond market moves beyond its current use of proceeds focus.
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EU's TEG: Develop 'brown' taxonomy to support energy transition
09 March 2020The EU should devise a taxonomy of activities that cause significant harm to the environment, the Technical Expert Group on Sustainable Finance (TEG) has recommended.