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,…