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 …
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EU requires audited sustainability disclosure of international companies
June 23, 2022
New directive to enforce more detailed and accessible sustainable reporting
Large European and non-European companies will be required to report on sustainability issues as the European Council and European …
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EU taxonomy plan for nuclear sparks controversy
January 07, 2022
The European Commission is in talks to classify nuclear energy and gas as green investments in its new sustainable taxonomy.
The decision has caused consternation among member states, particularly in …
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EU Council approves green taxonomy criteria
December 17, 2021
The first two chapters of the EU’s sustainable taxonomy rules have been passed by member states and will come into force at the start of next year.
The passing of the …
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EU seeks experts for sustainability review
September 3, 2021
The European Financial Reporting Advisory Group (EFRAG) is seeking appointees for 11 new industry groups to assist with a review of the bloc’s sustainability reporting standards. This development is the latest …
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National corporate governance codes need to be adapted to take account of the challenges that exist when companies have dominant shareholders or small groups of shareholders collectively have a dominant share of the total shareholder vote according to a survey …
Read MoreThe EU’s High-Level Expert Group (HLEG) on Sustainable Finance, set up by the European Commission in December 2016, has produced its final recommendations. The Commission has pledged that these proposals will form part of its sustainable finance action plan …
Read MoreThe European Commission has ruled that global online retailer Amazon must repay €250 million in illegal state aid that was granted to it by Luxembourg as tax benefits. The Commission stated that under a rule adopted by Luxembourg Amazon paid