The latest developments in sustainable finance: CSDDD vote scheduled for Friday; SBTi removes 200+ companies’ net-zero commitments.
Increased thresholds, new phase-ins and value chain changes proposed by Belgian presidency in effort to reach compromise.
Rejected stamp on a green background
Stakeholders lambast lobbying as future of due diligence directive hangs in the balance.
The latest developments in sustainable finance: Business Council of Australia calls for delay to climate reporting; financial institutions lag on deforestation, says Global Canopy.
The latest developments in sustainable finance: ESMA preparing greenwashing indicators; ISDA launches climate scenarios for bank trading books.
Pharma giant Bayer breaks with own industry association to call for law to be passed as politicians battle over German position in key vote.
European Union flags
The EU's due diligence directive will empower governments, stakeholders and investors to hold companies accountable, say Rebecca DeWinter-Schmitt and Richard Gardiner.
The latest developments in sustainable finance: Nigeria launches consultation on ISSB standards; BoA removes explicit mentions of bans on financing coal and Arctic drilling.
Very large 3D render of blended US and EU flags
American firms are up in arms at the prospect of being forced to account for their supply chains by European policymakers – and rightly so, say Daniel Crowley and Robert Eccles.
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