ESMA pulls back from ESG legislation for rating agency methodology

The Platform on Sustainable Finance, an expert group of the European Commission, has proposed a significant expansion of the EU’s Taxonomy for sustainable finance.

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The EU Sustainable Finance Platform: Where are the owners?

The Investor Alliance for Human Rights has cautioned that “significant gaps” remain in the European Commission’s (EC’s) proposal for a directive on corporate sustainability due diligence.

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european court of auditors, luxembourg

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

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nuclear, power plant

The European Commission is in talks to classify nuclear energy and gas as green investments in its new sustainable taxonomy.

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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.

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delayed

EU rules requiring greater disclosure of investment products’ green credentials are to be delayed until 2023, it has emerged.

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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.

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Mairead McGuinness

The European Commission (EC) is making stringent new demands on companies’ reporting of their impact on the environment, as it looks to drive investors’ money towards the greenest firms.

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Shareholders, rights

The directive, launched in September 2020, has been troubled by inconsistencies Better Finance, the European financial services NGO, has launched a survey of shareholders after the Shareholder Rights Directive II (SRD II) encountered teething issues shortly after launch. The European Commission introduced SRD II legislation in September 2020 to facilitate the rights of shareholders across […]

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EC corporate governance report draws criticism

EC corporate governance report draws criticism The European Commission report on directors’ duties and sustainable corporate governance, published earlier this year, is drawing heavy criticism from law experts. Writing on the Oxford Business Law blog, the European Company Law Experts Group said the study is “not a document on which to base sustainable proposals for […]

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