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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.
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UK sustainability-labelled funds number more than 100, FCA says
20 February 2025More than 100 UK funds have said they plan to use a sustainability label, the Financial Conduct Authority (FCA) has said.
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NBIM urges closer alignment of CSRD with ISSB standards
20 February 2025Norges Bank Investment Management (NBIM) has encouraged the EU to change its Corporate Sustainability Reporting Directive (CSRD) standards to "move to actual alignment with the global baseline" of International Sustainability Standards Board (ISSB) standards.
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Investors worth £5trn push BP for a 'say on climate', amid concerns it will abandon 2030 target
19 February 2025A group of institutional investors has urged BP to hold a shareholder vote on its climate transition plans, amid "concern" at reports the oil and gas company will abandon a key decarbonisation target.
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First batch of reports already demonstrates value of CSRD, academic says
19 February 2025The first set of reports prepared in alignment with the EU Corporate Sustainability Reporting Directive (CSRD) demonstrate the value in the regulation - as information was easier to find than previously - according to early academic analysis.
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Spain urges EU to maintain double materiality in CSRD
18 February 2025The Spanish Government has urged the EU not to drop the 'double materiality' approach at the heart of its Corporate Sustainability Reporting Directive (CSRD), saying investors need this information to make decisions.
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Transition plans can show how net-zero feeds growth, says head of regulator network
18 February 2025Climate transition plans can demonstrate how net-zero policies will deliver finance to support countries' growth objectives, the head of a group to establish 'global norms' for transition planning has said.