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Canada regulator's guidance muddies waters on legality of net-zero plans, says accounting body
06 March 2025Guidance from Canada's Competition Bureau on how regulation of environmental claims such as net-zero plans will be enforced has "not mitigated the issues created by the legislation ... in fact it may have exacerbated them," according to an accounting body.
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PCAF's guidance to set 'guardrails' for avoided emissions claims
05 March 2025Forthcoming guidance from the Partnership for Carbon Accounting Financials (PCAF) will set "guardrails" for financial institutions' claims of greenhouse gas (GHG) emissions their investments 'avoid' - but corporate standard setters also need to act on the topic, PCAF's technical director said.
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Nature reporting's bias to financial materiality focus 'is a problem'
04 March 2025Most nature-related financial reporting has a bias of focusing more on the business impacts of nature loss than companies' impacts on biodiversity, Environmental Finance's Natural Capital Investment EMEA 2025 conference in London has heard.
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Mirova invites collaboration on measure combining 'avoided' and reduced GHG emissions
04 March 2025Mirova has launched a 'call for expressions of interest' to help it create a measure of company climate performance that includes 'avoided emissions' as well as reduction of greenhouse gas (GHG) emissions and carbon credits.
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EU Omnibus: Dropping sector-specific standards 'gives away power to ISSB'
28 February 2025The EU's decision to abandon sector-specific standards for its Corporate Sustainability Reporting Directive (CSRD) "gives away power" to the International Sustainability Standards Board (ISSB), according to law firm Frank Bold.
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EU Omnibus: Investors left to ask what corporate reporting cuts mean for SFDR
27 February 2025Investors face a waiting game to know whether cuts to corporate reporting will leave them short of the information they need under the Sustainable Finance Disclosure Regulation (SFDR), with the result of a review of the latter not expected until the end of this year.
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EU Omnibus: 'Investors will be left in the dark' by CSRD cuts, voluntary taxonomy reporting
26 February 2025Proposals to require only the largest companies to report on the EU taxonomy and to cut the scope of the Corporate Sustainability Reporting Directive (CSRD) have fuelled concerns that investors will be deprived of sustainability data, as the EU unveiled its controversial 'simplification' package.
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CSRD's reduced scope may hinder EU competitiveness, says Vattenfall
25 February 2025Reducing the scope of the Corporate Sustainability Reporting Directive (CSRD) may hinder the competitiveness of larger companies keen to invest in sustainability because it reduces access to information about their value chains, it was argued.
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Weakened CSDDD would 'limit investor leverage on Paris-aligned climate lobbying'
25 February 2025The threat of a hollowed-out EU Corporate Sustainability Due Diligence Directive (CSDDD) would hinder investors' ability to hold companies accountable for the climate-related lobbying practices, an investor representative has said.
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Omnibus leak suggests big cutback to CSRD, CSDDD
24 February 2025The EU Corporate Sustainability Reporting Directive (CSRD) is set to be cut drastically, with far fewer companies required to report, according to a leaked document which is reportedly the basis for this week's Omnibus announcement.