Archive

EU supervisors estimate trillions in losses from 'run on brown' assets

European financial institutions stood to lose trillions of euros from a 'run on brown' assets, financial supervisors estimated in a first-of-its-kind stress test - but the financial impacts of climate-related "transition risks alone are unlikely to threaten financial stability".

COP29 finance day: Harmonisation initiatives the highlight of underwhelming day

Multi-jurisdiction taxonomies and a push for harmonised transition plan rules stole the headlines, as finance proved a sticking point, Michael Hurley writes

Investors urge EU against delaying deforestation regulation

Institutional investors have urged the European Parliament to reject a request to delay the EU Deforestation Regulation, saying it would unfairly "disadvantage countries and companies that have moved promptly to prepare for the new requirements".

Creation of EU sustainability labels will tackle SFDR greenwashing, prospective commissioner says

"Greenwashing" facilitated by misuse of the Sustainable Finance Disclosure Regulation (SFDR) could be tackled with the creation of sustainability labels, the prospective European Commissioner for financial services has suggested.

Transition plan guidance published for EU disclosure rules

Draft guidance has been published to help organisations preparing to report in line with EU disclosure regulations create climate mitigation transition plans.

Gaps remain despite progress on PAI reporting, as regulators told to step up scrutiny

Gaps remain in financial institutions' reporting of the 'principal adverse impacts' (PAIs) of investments, and despite gradual improvements in some areas EU regulators were told to "increasingly challenge" investors on their reporting.

EU 'discussing criteria' for sustainable, transition categories to replace SFDR Articles 8 and 9

Discussions within the European Commission are "advanced" on eligibility criteria for 'sustainable' and 'transition' categories that would replace Articles 8 and 9 of the Sustainable Finance Disclosure Regulation (SFDR), according to a source claiming knowledge of the talks.

EU bows to pressure to delay Deforestation Regulation

The European Commission has recommended a one-year delay of the implementation of the EU Deforestation Regulation (EUDR) as it bowed to complaints from countries and industrial groups arguing it would impose unworkable demands on them.

ESG Ratings, Green Bond regulations and greenwashing among ESMA priorities

The European Securities and Markets Authority (ESMA) has identified the EU Green Bonds and ESG Ratings regulations, as well as preparatory work for a database including sustainability-related information, among its priorities for 2025.

EU starts process for penalising countries yet to implement CSRD