The bloc’s simplification agenda is set to impede companies’ compliance with its sustainability reporting framework, warns Maria Cronin, Partner at Peters & Peters. On 26 February the European Commission (EC) published detailed legislative proposals on the sustainability omnibus package. These proposals confirmed concerns that the envisaged measures were not limited to simplifying existing and incoming EU corporate sustainability reporting requirements,…
A Fine Line for Green Collaboration
Stephen Whitfield, Head of Competition at Travers Smith, outlines the challenges of balancing sustainability goals with antitrust compliance. In recent years, corporations have increasingly prioritised ESG issues, often prompting them to collaborate in pursuit of sustainability goals. While such collective action can accelerate progress, it can also raise significant challenges under antitrust laws, which are designed to safeguard market competition…
A Fine Line for Green Collaboration
Stephen Whitfield, Head of Competition at Travers Smith, outlines the challenges of balancing sustainability goals with antitrust compliance. In recent years, corporations have increasingly prioritised ESG issues, often prompting them to collaborate in pursuit of sustainability goals. While such collective action can accelerate progress, it can also raise significant challenges under antitrust laws, which are designed to safeguard market competition…
A Fine Line for Green Collaboration
Stephen Whitfield, Head of Competition at Travers Smith, outlines the challenges of balancing sustainability goals with antitrust compliance. In recent years, corporations have increasingly prioritised ESG issues, often prompting them to collaborate in pursuit of sustainability goals. While such collective action can accelerate progress, it can also raise significant challenges under antitrust laws, which are designed to safeguard market competition…
European Business at Risk from Omnibus
Despite concerns, Richard Howitt, one of the architects of the EU’s non-financial disclosure rules, sees opportunities as the package moves into co-decision. From whichever angle one views things, attempts by the European Commission (EC) to streamline its sustainable finance disclosure rules look like bad news for investors. The proposal significantly reduces the scope of companies caught by the Corporate Sustainability…
Clarity AI Launches New Sustainability Research Solution for Investors
Sustainability technology company Clarity AI announced that it has launched a new AI-powered tool aimed at helping asset managers and investors conduct sustainability research on companies. New York-based Clarity AI uses machine learning and big data to deliver environmental and social insights to investors, organizations, consumers, and governments. According to Clarity AI, the new tool addresses needs of analysts and…
PSF Spotlights 34% Green Capex Growth
Taxonomy-aligned capital expenditures (capex) from large listed European companies grew 34% in 2023, reaching €250 billion (US$271 billion) by year end, according to a new report from the Platform on Sustainable Finance (PSF). Half of this was directed toward enabling activities, while transitional activities accounted for 11% of the total (double the previous year). According to the report, debt financing…
Aligned Climate Capital Raises $85 Million for Clean Energy Venture Fund
Decarbonization-focused investment firm Aligned Climate Capital announced that it has raised $85 million at the final close of its second venture fund, Aligned Climate Fund 2 LP (ACF2), targeting investments in clean energy and decarbonization solutions. The fund, which is twice the size of Aligned’s first fund, invests in companies at the Seed through Series B stages, that are scaling…
Policy Digest: March 2025
INTERNATIONAL SBTi postpones revision of Corporate Net Zero Standard The SBTi has postponed the release of the Corporate Net Zero Standard and will first hold a public consultation on its revised version. Expert Working Groups are developing the standard, focusing on key areas such as Beyond Value Chain Mitigation (BVCM), Scope 2 and 3 emissions, Carbon Dioxide Removal (CDR),…
Senate Republicans Launch Legislation to Shield U.S. Companies from EU Sustainability Due Diligence Rules
U.S. Senator and Senate Banking Committee member Bill Hagerty announced the introduction of the “PROTECT USA” Act, proposing new legislation aimed at shielding U.S. companies from having to comply with the EU’s Corporate Sustainability Due Diligence Directive (CSDDD). The CSDDD sets out obligations for companies to identify, assess, prevent, mitigate, address and remedy impacts on people and planet – ranging…