ESAs launch joint Call for Evidence on greenwash
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today published a Call for Evidence on greenwashing.
European Union
Germany grants Salzgitter €1bn for green steel
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.
Apex Group helps clients with EU Taxonomy ahead of increased reporting requirements
Apex Group, a global financial services provider with a leading ESG practice, has launched an EU Taxonomy solution to guide clients through the alignment process with SFDR and NFRD.
EU to stamp down on Single-Use Plastics Directive
The EU Commission is threatening legal action against 11 Member States who have not transposed the Single-Use Plastics Directive indicating a clamp down on lack of action to tackle the plastics crisis.
EU to allow biomass for RED goals
The European Parliament has voted to allow the continued use of biomass (particularly woody biomass) as a renewable energy source. It has however put a cap on the amount of primary woody biomass that can be counted towards inclusion under the Renewable Energy Directive (RED).
EU-funded consortium aims to accelerate cement decarbonisation
A consortium led by multinational engineering firm FLSmidth intends to support the decarbonisation of cement, through the development of carbonation processes that trap CO2 in concrete.
NetZeroCities launches €32m scheme for carbon neutral cities
NetZeroCities has launched a €32 million programme, inviting cities across Europe to pilot innovative approaches to achieving carbon neutrality.
Real estate sector gets new EU sustainability reporting support
GRESB, a global ESG organisation for benchmarking financial markets, has launched a new reporting solution designed to support real estate managers with meeting new reporting requirements under the forthcoming EU Sustainable Finance Disclosure Regulation (SFDR).
EU doubles down on nature with WTO pesticide ban
The EU has set the cat amongst the pigeons at the World Trade Organisation (WTO), with notification that it intends to effectively ban the import of crops into Europe that have been grown with two common neonicotinoid insecticides.
EU Parliament and Council reach agreement on CSRD
Following months of debate, the Council and European Parliament have reached a provisional political agreement on the corporate sustainability reporting directive (CSRD).