The Sustainable Finance Disclosure Requirements (SFDR) sets out mandatory ESG disclosure obligations for asset managers and other market participants. Confusing guidance from the regulator however has caused many fund managers to step back from sustainable investments, which may raise doubts over the effectiveness of the regulations.
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Revised EU Emissions Trading System (EU ETS) rules to include the aviation sector can help the bloc reach its ‘Fit for 55’ emissions reduction goal by 2030. The industry has been ineffective in taking action on its own to reduce emissions, which can justify resorting to the 'polluter' pays principle.
The European Commission has proposed new rules to incentivise the use of reusable packaging options, get rid of unnecessary packaging, limit overpackaging, and provide clear labels to support correct recycling.
The European Parliament has unveiled a series of measures around sustainability. It has revised its Fit for 55 package, adopted new reporting rules for multinationals, voted to include energy measures in national recovery plans, and approved a new law on cybersecurity.
A €1 billion grant from the German state to Salzgitter (FRA:SZG) under the climate, energy and environmental aid guidelines (CEEAG) is another signal of the EU’s commitment to hydrogen.
EU stakeholder network Eurosif has announced the appointment of Aleksandra Palinska as its new executive director.
M&A is on the increase in the ESG technology sector, as regulators and investors demand more robust and transparent reporting.
With conflict in Ukraine and sanctions on Russia continuing to exacerbate supply issues, rising energy prices are fuelling new opportunities for private equity in the European oil and gas industry.
Following the end of the European Financial Reporting Advisory Group (EFRAG)'s consultation on European Sustainability Reporting Standards, ACCA has called for integration with ISSB on the grounds of complexity.
Iberdrola Group continues to pursue its green hydrogen ambitions via a new €170 million large-scale green hydrogen plant at Felixstowe in the UK.