.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
BNN Bloomberg: BNP Paribas Asset Management says ESG clients have been piling into money market funds, drawn by the allure of stable returns in cash-like instruments.
ESG Today: A key piece of EU legislation setting mandatory obligations for companies to address their negative impacts on human rights and the environment was dealt a significant blow, failing to achieve final approval by the European Council, following objections from countries including Germany and Italy, despite a provisional agreement on the regulation reached earlier by the Council with the EU Parliament.
ESG Clarity: Investor engagement with oil and gas companies has achieved “derisory” results and must be radically improved, including by voting down directors, according to an open letter NGO Reclaim Finance sent to 50 large investment firms.
Forbes: In 2023, the EU had a number of requirements come into effect that have a direct impact on U.S. businesses. These are directives focused on environmental, social and governance, commonly referred to as ESG, which all public companies are required to disclose.
ESG Clarity: The Belgian Presidency has decided to postpone the Corporate Sustainability Due Diligence Directive (CSDDD) vote in the Council of the EU, following Germany’s announcement of abstention and the need for further discussions among EU Member States.
BNN Bloomberg: The European Union has agreed to delay additional ESG disclosure requirements by two years, as it responds to pressure from businesses leaders who warn they’re buckling under the weight of regulations.
ESG Clarity: The European Commission’s proposal for almost full decarbonisation by 2040 “is revolutionary and reinforces the EU position as a global leader on climate change”, according to a leading policy director at the International Emissions Trading Association (IETA).
BNN Bloomberg: The EU was on track to move forward with the Corporate Sustainability Due Diligence Directive after December, when lawmakers and representatives of member states ended months of negotiations with a provisional agreement.
BNN Bloomberg: Europe’s banks are asking investors not to pay too much attention to a new green metric due to be published in in the coming weeks, as early estimates show the industry woefully behind where it needs to be.
GreenBiz: In early 2024, France introduced the potential of jail time for any corporate director who fails to comply with the country’s Corporate Sustainability Reporting Directive (CSRD). Specifically, the penalty includes a fine of up to $81,400 and jail time of up to five years.
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