Banks Told to Review Clients in Historic ESG Crackdown in EU October 17, 2023 By Frances Schwartzkopff Banks in Europe will need to adjust the risk assessments they conduct of their clients to reflect new ESG requirements...
Banks in EU Get World’s First ESG-Related Rewrite of Capital Rules October 13, 2023 By Frances Schwartzkopff In a global first, Europe’s main bank regulator is revising the framework that sets capital requirements so that lenders reflect...
EU to Seek COP28 Deal on Phasing Out Fossil Fuels: Draft Document September 1, 2023 European Union countries are preparing to push for a global deal on phasing out fossil fuels at the United Nations...
Growing ‘Greenlash’ Fuels Fears for Europe’s Environmental Ambitions August 11, 2023 By Sarah Marsh, Kate Abnett and Gloria Dickie A growing ‘greenlash’ against Europe’s environmental agenda has not so far derailed its decarbonization plans, but looming elections could put...
EU Companies Get New ESG Rules Aimed at Addressing Climate Risks July 31, 2023 By Frances Schwartzkopff Tens of thousands of companies operating in Europe face new requirements to report their operations’ ESG impacts as the European...
Executive Bonuses in Crosshairs in New CO2 Proposal: ESG Regulation May 1, 2023 By Frances Schwartzkopff Executives will face bonus cuts if the companies they run fail to hit climate transition targets, under a new European...
EU Lawmakers Back Human Rights, Environmental Checks for Big Companies April 26, 2023 By Huw Jones European Union lawmakers on Tuesday backed rules requiring thousands of large companies to identify and mitigate human rights abuses like...
EU Regulators Set Out Ideas to Help Plug Climate ‘Insurance Gap’ April 24, 2023 By Huw Jones Issuing “catastrophe bonds” and setting up public-private partnerships could help plug the “insurance gap” to better cover damage from climate...
Climate Activists Tell Insurance CEOs to Stop Covering Carbon Projects ‘Immediately’ March 28, 2023 A group of climate activists has called on 30 insurance company bosses to “immediately” stop underwriting new fossil fuel projects...
EU Proposes Clampdown on Companies Using Misleading ‘Green’ Labels March 22, 2023 By Kate Abnett The European Commission proposed rules on Wednesday that would require companies in Europe to back up climate-friendly claims about their...