Romain Hubert News Today

A flagship EU law intended to push European companies toward net zero faces being seriously weakened by member states, a confidential document passed to The Associated Press reveals, with firms seemingly no longer forced to implement Paris Agreement goals. As a solution, “the Presidency proposes … a possible exclusion of the financial sector which would delay the extension to the financial sector to a later stage.”

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Flagship EU legislation thats meant to force European companies to screen out climate harms from their business operations faces being dramatically watered down. Thats according to a leaked briefing obtained

Critics say proposed changes to the Corporate Sustainability Due Diligence Directive would make it unenforceable

Get latest articles and stories on World at LatestLY. A flagship EU law intended to push European companies toward net zero faces being seriously weakened by member states, a confidential document passed to The Associated Press reveals, with firms seemingly no longer forced to implement Paris Agreement goals. World News | A Leaked Memo Reveals Mooted Changes to EU Sustainability Law Would Make It Weak and Unenforceable.

Critics say proposed changes to the Corporate Sustainability Due Diligence Directive would make it unenforceable

The EU may soon extend its requirements for climate transition plans through the ongoing development of a corporate sustainability due diligence directive. However, the final version of the directive presents three key issues that need to be addressed to ensure an effective transition plan, writes Romain Hubert.

In a changing climate, the financial sector will more than ever need precise data, predictions and projections to assess investment risks and identify opportunities. Having reliable information at hand will help to accelerate the switch to a climate-resilient global economy. Recent years have seen the financial sector under pressure to help deliver climate adaptation and mitigation actions and make greener investment decisions. Now, with the world contemplating a post-pandemic green recovery, e...