EU Archives

EU diverges from UK on stewardship disclosures

EU diverges from UK on stewardship disclosures January 3rd, 2023 European regulations could deviate from UK rules on stewardship disclosures following responses to a consultation on the EU’s Sustainable Finance Disclosure Regulation (SFDR). Asset manager DWS called for greater disclosures on the “quality and quantity” of stewardship engagement in its response to the consultation, Responsible […]

Global standard-setters unite on sustainability reporting

EU eases sustainability reporting rules

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).

EU votes to ban unsupported carbon neutral claims

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 prohibit companies from using generic labels such as “environmentally friendly” or “carbon neutral” without detailed evidence. The […]

Investors back EU plan for human rights due diligence rules

EU adds financial services to due diligence proposal

Proposed legislation will hold financial services firms based in or operating in the EU accountable for human rights and environmental violations in their value chain.

Green financial disclosure documents spread out upon a table top

European Commission updates SFDR guidance

The European Commission (EC) has amended guidance to clarify how to interpret the Sustainable Financial Disclosure Regulation (SFDR).

Women on FTSE 350 boards still to hit 33% target

ES issues gaining more support from female fund managers

ES issues gaining more support from female fund managers February 10, 2023 Female fund managers support environmental and social (ES) proposals more than governance proposals, according to the European Corporate Governance Institute (ECGI). ‘The Voting Behaviour of Women-Led Mutual Funds’ report revealed ES proposals are 17% more likely to receive support from women-led mutual funds. […]

Sustainable Finance Definition written within the EU Taxonomy

Stakeholder group flags issues with EU Taxonomy

Stakeholder group flags issues with EU Taxonomy January 27, 2023 The European Securities and Markets Authority (ESMA) has been urged to clarify the label and scope of Article 8 and Article 9 products. In a letter, the Securities and Markets Stakeholder Group (SMSG) has advocated for a clearer definition of Article 8 and Article 9 […]

EU requires audited sustainability disclosure of international companies

Large European and non-European companies will be required to report on sustainability issues as the European Council and European Parliament have agreed on more detailed sustainable reporting requirements.

EU to crackdown on greenwashing in green bonds

EU to crackdown on greenwashing in green bonds 20 May, 2022 The proposals seek to bring in standards, as there is currently no uniform green bond standard in the EU. The EU Parliament’s Economic and Monetary Affairs Committee have proposed a series of measures to better regulate the green bond market. The Committee hopes the […]

Auditors criticise EU and ESMA over funds market regulation

The European Court of Auditors has warned investors are still at risk from incurring “undue costs” as a true single market remains elusive.