The ECB is indirectly supporting fossil fuel companies operating in critical biodiversity areas, despite growing focus on nature-related financial risks.
The EU standard setter fears the newly simplified sustainability standards for non-EU companies do not create a level playing field between EU entities and their international peers
New standards reduce reporting complexity for companies, but retain double materiality requirements.
EU regulators release climate stress test results, revealing that while transition risks alone are not a threat to financial stability, significant losses are possible when combined with macro shocks.
The Dutch Authority for the Financial Markets is offering advice on incorporating double materiality into disclosures, ahead of new EU requirements.
Mainland China’s stock exchanges are planning to introduce sweeping environmental disclosure rules for large listed companies.
The EU presidency is expected to propose that corporate climate-accountability rules initially exclude financial institutions as member states give in to bank lobby groups.
European Parliament members “held the fort” in favour of sustainability reporting rules to begin in January 2024. …
Transition Plan Taskforce released a “gold standard” disclosure framework for reporting on climate transition plans. …
The TNFD released its final recommendations for how companies should explain nature-related risk to investors. …
Responses to draft disclosure standards reveal split on whether ISSB should prioritise biodiversity or social issues. …
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