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ESG Newsletter

      CSDDD Vote Delay ‘A Leadership Failure’ Amid Rising Tensions

      2024-02-09

      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.

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      EU to Delay ESG Reporting Rule for Some Sectors by Two Years

      2024-02-07

      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.

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      EU Sets 90% Decarbonisation Reduction Target By 2040

      2024-02-07

      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).

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      EU’s Toughest ESG Rule Hits Stumbling Block on German Concerns

      2024-02-01

      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. 

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      Banks Are Asking Investors to Look Past a Dreaded ESG Metric

      2024-01-24

      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.

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      France Will Jail Corporate Directors Who Fail To Adhere To New CSRD Requirements

      2024-01-24

      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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      EU Lawmakers Back Delay To Sector-Specific ESG Corporate Sisclosures To 2026

      2024-01-24

      Yahoo News: European Union lawmakers backed a two-year delay in sector-specific rules for the oil, energy and mining industries, to make more detailed disclosures on environmental, social and governance (ESG) factors, citing the need to ease regulatory burdens on companies.

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      EU Banking Regulator Releases Proposed Requirements for Banks to Manage ESG, Climate Transition Risks

      2024-01-19

      ESG Today: EU banking supervisor The European Banking Authority (EBA) announced the launch of a consultation on new proposed guidelines, setting out requirements for banks to identify, measure, manage and monitor ESG risks, including setting plans to address risks arising from the EU’s transition to a climate-neutral economy.

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      More Men Than Women Joined Boards Of Europe’s Top Financial Service Firms Last Year

      2024-01-15

      The Guardian: More men than women were appointed to the boards of large financial services firms in Europe last year, even as nearly a third of companies risked falling short of the EU’s upcoming plans to impose mandatory quotas for women on corporate boards.

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      US ESG Support Dips Below 50%, European Asset Managers Stay Strong

      2024-01-11

      Funds Europe: Political hostility to US ESG investing has dampened enthusiasm among American asset managers, while European counterparts maintain support for ESG-related shareholder proposals, according to Morningstar.

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