As 2024 gets underway, 2023 will be remembered as the year that King Charles III’s coronation captured our attention with its many (and occasionally bizarre) storied traditions and customs and, of course, for the passing of...more
On September 5, 2023, the Corporate Leaders Group Europe (CLG Europe) published a position paper urging the European Union to cut its greenhouse gas (GHG) emissions by at least 90% by 2040, and asked EU member states to...more
10/31/2023
/ Carbon Emissions ,
Climate Action Plan ,
Climate Change ,
Energy Policy ,
Energy Reform ,
Environmental Policies ,
EU ,
Greenhouse Gas Emissions ,
Infrastructure ,
Paris Agreement ,
Pollution Control ,
Regulatory Agenda ,
Regulatory Reform ,
Renewable Energy
The European Financial Reporting Advisory Group (EFRAG) and the Global Reporting Initiative (GRI) released a joint statement announcing the interoperability of their respective reporting standards, enabling companies subject...more
On July 31, 2023, the European Commission adopted the long-anticipated European Sustainability Reporting Standards (ESRS) for use by all companies subject to the Corporate Sustainability Reporting Directive (CSRD). The...more
9/20/2023
/ Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Environmental Social & Governance (ESG) ,
EU ,
EU Directive ,
European Commission ,
Investment ,
Reporting Requirements ,
Sustainability ,
Sustainable Business Practices
On June 21, 2023, the General Court of the European Union rejected an action brought by a Member of the European Parliament (MEP) seeking to annul European Commission legislation that identified certain activities related to...more
8/2/2023
/ Climate Action Plan ,
Climate Change ,
Corporate Governance ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Parliament ,
Natural Gas ,
Nuclear Power ,
Sustainable Business Practices ,
Taxonomy
On June 2, 2023, the European Financial Reporting Advisory Group (EFRAG) issued a draft letter requesting comments on the International Sustainability Standards Board’s (ISSB) proposal to improve the international...more
On April 28, 2023, the European Commission and the European Investment Bank (EIB) announced their intention to jointly provide €18 billion in funding to finance projects covering climate action, clean energy and connectivity...more
As part of the European Central Bank’s (ECB) 2021 action plan to incorporate climate change considerations into its monetary policy, the ECB conducted a climate risk stress test of the Eurosystem balance sheet in 2022. Those...more
The European Central Bank (ECB) has published its first climate-related financial disclosures. The disclosures provide information on ECB portfolios, including detailing their carbon footprints and exposure to climate risks,...more
The European Commission last month announced a proposed Net-Zero Industry Act designed to drive the investment in and the growth of the clean technology manufacturing sector. The proposed Act is part of the Green Deal...more
On February 28, a French court dismissed an action filed by six French and Ugandan NGOs aiming to force the suspension of TotalEnergies’ multibillion-dollar oil pipeline project in Uganda and Tanzania. The NGOs based their...more
3/27/2023
/ Climate Action Plan ,
Climate Change ,
Critical Habitat ,
Energy Projects ,
EU ,
France ,
Health and Safety ,
Human Rights ,
Infrastructure ,
Oil & Gas ,
Pipelines
Market overview -
Few could have predicted the unexpected twists and turns 2022 would provide. A year in which the spectre of war came home to haunt Europe....more