Author Archives: Liz Pfeuti
Global standard-setters unite on sustainability reporting

EU eases sustainability reporting rules 

June 20, 2023


The European Commission has introduced a series of proposed changes aimed at easing the burden on companies falling under the newly-widened remit of the European Sustainability Reporting Standards (ESRS). 

The proposals seek …

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EU Flags in front of the European Commission

ESG rating providers face EU regulation

June 15th, 2023


The European Commission is introducing new rules for ESG rating providers as part of a package of regulations to extend its sustainable finance framework.

In a bid to standardise ESG ratings, …

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Nature, British Countryside

Financial Services and Markets Bill adds nature into net-zero reg 

June 14th, 2023


The UK’s House of Lords has added an amendment to the Financial Services and Markets Bill that adds nature to the upcoming regulatory principle on net-zero …

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DoL, Department of Labor

DoL’s new ESG rule takes finger ‘off the scale’

June 8, 2023


The US Department of Labor’s new ESG rule does not tip the balance in favour of ESG investing, according to officials within the department.

The rule, ‘Prudence and …

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European Parliament, Strasburg, EU, EC

CSDDD rule secures European Parliament approval

June 7, 2023


The EU Corporate Sustainability Due Diligence Directive (CSDDD) has secured approval from the European Parliament.

The directive means that companies will now be required to implement climate transition plans …

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Corporate Governance

FRC consults on revisions to UK Corporate Governance Code

June 2, 2023


The UK’s Financial Reporting Council (FRC) is consulting on revisions to the country’s Corporate Governance Code, with comments requested by 13 September.

The consultation follows a government response

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Floating green icons representing sustainability data and science

Science Based Targets Network releases inaugural nature targets

June 2, 2023


The Science Based Targets Network (SBTN) has issued the first science-based targets for how companies measure and quantify their environmental impacts.

The goal of the targets is to empower …

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Shell petrol station

Shell faces high dissent on climate

May 25, 2023


Climate investors face disappointment as Shell shareholders vote against a resolution to reduce emissions in line with the Paris Agreement. 

During Shell’s annual general meeting on May 23, shareholders rejected the …

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Glencore Mine, Mt Isa, Queensland, Australia

Glencore faces investor unrest at AGM 

May 23, 2023


Mining company Glencore faces increased pressure from investors seeking greater transparency on how its thermal coal production aligns with the Paris Agreement.  

Ahead of the annual general meeting on May …

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EU, European Parliament

EU votes to ban unsupported carbon neutral claims  

May 17, 2023


The European Parliament has voted to support a proposed ban on environmental claims that are based solely on carbon offsetting schemes. 

The ‘Directive on Green Claims’ would …

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