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MEP: EU corporate reporting blueprint should be basis of international rules

MEP: EU corporate reporting blueprint should be basis of international rules 21-04-2021 The European Commission s plans for a Sustainability Reporting directive announced on Wednesday (21 April) provide solid ground for discussion says Pascal Durand, the European Parliament s rapporteur on the subject, as he sets out Parliament s plans to handle the file in the coming months. [OneStockPhoto / Shutterstock]

ESG Regulation Watch: EU Developments | King & Spalding

  The Sustainable Finance Disclosure Regulation (SFDR) The SFDR is part of a package of measures introduced to implement the EU action plan on sustainable finance ( ) which aims to push more capital towards sustainable activities. The SFDR introduces various mandatory disclosure-related requirements for financial market participants and financial advisors at entity, service and product level in relation to the firm’s approach to ESG matters, covering “Sustainability Risks”, defined as any environmental, social or governance events or conditions, including but not limited to climate change, which could cause a material negative impact on the value of an investment; “Principal Adverse Impacts”, defined as any negative effects that investment decisions or advice could have on sustainability factors; and additional requirements for products that promote ESG characteristics or that have sustainable investment objectives.

Crypto firm Cred failed due diligence, set ex-UK fugitive in charge of capital raising

Crypto firm Cred failed due diligence, set ex-UK fugitive in charge of capital raising The firm’s collapse into bankruptcy was largely due to a dereliction in corporate responsibility By Wednesday March 10, 2021 7:30 am Cryptocurrency investment platform Cred unwittingly put a convicted financial criminal identified by the UK as a fugitive in charge of raising and deploying the firm’s capital before its collapse into bankruptcy, a court-appointed examiner said. An examiner’s report filed on 8 March in the US Bankruptcy Court in Wilmington, Delaware, said that Cred failed to keep reliable records, properly track customer funds, perform due diligence on the firm’s investments or uncover the “extremely worrisome past” of former Chief Capital.

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