Climate change poses significant risks to price stability via structural and cyclical effects on the economy and financial system. The ECB Governing Council is committed to integrating climate and nature considerations into its mandate, but sustainability data from the private sector is crucial for financial markets. Without this information, we will still face high uncertainty… Continue reading The Omnibus proposal (amending CSRD & CSDDD) may undermine ECB measures
The European Commission announced today the adoption of the voluntary standard for SMEs (VSME), a new sustainability reporting standard aimed at enabling micro-, small- and medium-sized companies to report on ESG issues in a simplified and consistent way and to respond to requests for sustainability information from financial institutions and large companies. While the VSME… Continue reading EU Commission Adopts Sustainability Reporting Standard for Small Companies
The European Commission has started a voluntary sustainability reporting standard (VSME) to help small and medium-sized enterprises. Today’s ESG Updates EU introduces voluntary ESG reporting standard for SMEs The European Commission announced late Wednesday a voluntary sustainability reporting standard (VSME) to help small and medium-sized enterprises (SMEs) respond to ESG data requests from larger firms… Continue reading EU Introduces Voluntary ESG Reporting Standard for SMEs
ONDON, Jan 24 (Reuters) – European Union lawmakers on Wednesday backed a two-year delay in sector-specific rules for the oil, energy and mining industries, to make more detailed disclosures on environmental, social and governance (ESG) factors, citing the need to ease regulatory burdens on companies. The European Parliament’s legal affairs committee approved a draft proposal… Continue reading EU lawmakers back delay to sector-specific ESG corporate disclosures to 2026
More than 90% of executives are expecting to meaningfully increase their spending this year on ESG data, with the vast majority believing that ESG data investment is required to keep pace with competitors or to develop a competitive advantage, according to a new survey by business and financial markets information service provider Bloomberg and capital… Continue reading Over 90% of Executives Plan to Increase Spending on ESG Data this Year: Bloomberg
More than two thirds of corporate boards lack a strong understanding of the ESG risks affecting their companies, including only a quarter that report having a strong grasp of carbon emissions and even fewer on their companies’ climate risk or strategy, according to the new U.S.-focused Annual Corporate Directors Survey released by global professional services… Continue reading Less Than 1 in 3 Boards Have a Strong Understanding of ESG Risks Affecting Their Companies: PwC Survey
EU finance watchdogs are proposing that member state banking and insurance regulators add environmental, social and governance (ESG) risks into stress tests to harmonise the practice among EU supervisors. “ESG risks can have far-reaching implications for the stability of both individual financial entities and the financial system as a whole,” the European supervisory authorities (ESAs)… Continue reading EU financial watchdogs propose adding ESG risk to stress tests
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