European Union

The latest developments in sustainable finance: €70bn a year until 2050 required for climate adaptation investing in EU; UK master trusts sticking to net-zero targets.

Support of far-right groups in the ballot has raised concerns over the future of sustainability legislation in the EU.

A successful outcome this week could keep the EU on track to reach an agreement on the Omnibus by early 2026.

PRI chief sustainable systems officer talks to RI about ‘welcome’ simplifications of EU sustainable finance rules, predicts 2025 ‘realisation point’ for responsible investing.

The latest ESG movers and shakers: S&P Sustainable1 vice chair Mattison resigns; GRI CEO Eelco van der Enden to step down; TNFD appoints Al Mubarak as new co-chair.

It comes just months after banks came to an agreement on a voluntary disclosure standard.

Measures to encourage demand for smaller providers have also survived a key parliamentary vote.

The group will ramp up its focus on the usability of the bloc’s taxonomy – and the EU sustainable finance framework – as part of its new mandate.  

The EU’s first set of draft CSRD rules was published in 2022.

EU’s financial watchdogs submit views on EFRAG’s draft sustainability standards to the European Commission.