Archive

Omni-confusion

What will the EU's Omnibus regulation mean for sustainable finance, Michael Hurley asks

EU sustainability omnibus regulation 'like opening Pandora's box'

The EU faces a complicated task balancing its drive for 'simplification' of sustainability reporting with ensuring it does not adversely affect a complex network of regulations linked to the EU Green Deal - a move one observer likened to "opening Pandora's box".

Commission to delay review of Green Asset Ratio for banks

The European Commission is to postpone a review of the much-maligned Green Asset Ratio (GAR) reporting indicator for banks, a key figure at the EU's executive arm has said.

Investment groups urge EU to delay changes to SFDR

European investment groups have urged the European Commission to delay proposed changes to the Sustainable Finance Disclosure Regulation (SFDR), as they warned of a risk to investor confidence in the regime and to the reliability of disclosures.

EU taxonomy reporting metric is too simplistic, banking group says

The disclosure of a 'green asset ratio' required by the EU taxonomy regulation is too simplistic to be relied on as a comparison of banks' climate transition efforts, according to the European Banking Federation (EBF).

Lack of comparability of banks' climate regulatory disclosures flagged in EBF report

EU 'brown' taxonomy proposals split financial sector

Industry heads call for ESG data register across EU

2019 will be 'crucial' for sustainable finance, says Dombrovskis

Multiple initiatives planned for 2019 make it "a crucial year for sustainable finance in Europe", said Valdis Dombrovskis, vice-president for financial services at the European Commission.

Nine banks add their backing to Principles for Responsible Banking

A further nine banks and eight other stakeholders have backed the fledgling Principles for Responsible Banking, the UN Environment Finance Initiative (UNEP FI) has revealed.