In a move that could transform the regulatory framework for corporate sustainability in the European Union, the European Commission has proposed delaying the implementation of the Corporate Sustainability Reporting Directive (CSRD) by two years and significantly modifying its requirements. The measure, which is part of the so-called “Simplification Omnibus Package”, seeks to reduce the administrative

The European Investment Bank (EIB) Group has reaffirmed its commitment to global challenges in its Global Impact Report 2023/2024, highlighting its focus on sustainability, gender equality and post-conflict reconstruction. With more than EUR 8.4bn earmarked for projects around the world, the EIB has placed emphasis on strategic sectors such as climate action, digital innovation and

A recent study by the National Bureau of Economic Research (NBER) reveals figures to watch out for on the economic impacts of climate change. According to the research, a 1°C rise in global temperature could reduce global GDP by 12%, a drop six times larger than estimated in previous studies. This figure underlines the magnitude

The European Union has published on 14 October 2024 an implementation plan for sustainable finance regulations, a comprehensive regulatory framework that will transform the reporting obligations of financial and non-financial companies over the next five years. This timeline, which ends in 2029, marks a new era of transparency and corporate accountability, with the aim of