On 22 May 2025, the EU banking supervisor The European Banking Authority (EBA) announced the release of several proposed amendments to its Pillar 3 disclosure requirements, previously contemplated under the CRR3 banking package. These amendments clarify ESG risk-related reporting for small and medium-sized banks, as well as expand on the guidelines for larger institutions. Feedback from the public consultation on…
OMV to Build One of Largest Green Hydrogen Plants in Europe
Vienna-based integrated chemicals, fuels and energy company OMV announced that it has made a final decision to invest “a mid-three-digit million-euro sum” to build a 140 MW green hydrogen electrolysis facility in Lower Austria. According to the company, the new green hydrogen plant will be one of the largest of its kind in Europe, and will supply its nearby Schwechat…
Socialsuite Launches AI-Powered Double Materiality Assessment Solution
Sustainability risk management tech company Socialsuite announced the launch of a new software platform aimed at helping companies manage double materiality assessments required under new sustainability reporting regulations. “Double materiality” is one of the hallmark new approaches introduced by the EU’s Corporate Sustainability Reporting Directive (CSRD), requiring reporting both on the risks and impact of sustainability issues on an enterprise,…
Clean Energy Startup Radiant Raises $165 Million to Replace Diesel Generators with Portable Nuclear Reactors
Nuclear tech startup Radiant announced that it has raised $165 million in a Series C funding round, with proceeds aimed at advancing its development of mass-produced nuclear microreactors. Founded in 2020, California-based Radiant is designing a 1MW nuclear microreactor that can be mass-produced and act as a climate-friendly, zero-emissions alternative to diesel generators, providing power for applications such as remote…
Danske Bank Shifts Sustainable Finance Focus to Financing Transition of High Emitting Companies
Copenhagen-based Nordic bank Danske Bank announced the launch of a new approach to its sustainable finance activities, including a broader focus to include supporting companies in high-emitting sectors in their climate transitions, as well as financing companies in transition-enabling value chains. According to Danske Bank, the initiative reflects “the evolving landscape of sustainable finance,” with the bank having followed a…
SAP Launches New Sustainability Data Management Solutions
Enterprise application software company SAP announced the launch of a series of new solutions aimed at enabling companies to manage sustainability data from across the value chain and more accurately report and comply with regulatory requirements. Announced at SAP’s annual customer event, Sapphire, several of the new tools will form part of the company’s recently released Business Data Cloud (BDC)…
Majority of Companies Not in Favor of Omnibus Proposals to Reduce CSRD Sustainability Reporting Requirements: Survey
Most companies in Europe are not in favor of the European Commission’s “Omnibus” initiative to reduce the sustainability reporting requirements and the scope of companies covered under the EU’s Corporate Sustainability Reporting Directive (CSRD), with a majority reporting being satisfied with the CSRD in its current form, although supportive of some improvements, according to a new survey released by professional…
S&P Global: 20% of outstanding sustainable debt set to mature in 2025 or 2026
Sustainable bond maturities are set to peak in 2026 at $389bn, with medium-term debt issued in and around 2019 coming due along with recently issued shorter-term debt. But this peak appears to be manageable, according to the latest analysis from S&P Global. The sustainable debt market has sufficient liquidity, in S&P Global’s view, to meet near-term refinancing needs, even if issuance slows…