About: sustainable finance
Green finance row splits Berlin
The EU is in the final stages of honing its green finance rules and a leaked draft proposing that nuclear and gas should receive the label for the transition has prompted complaints from Berlin. But positions differ even inside the new German coalition government
ESG Book aims to ‘disrupt’ sustainability sector with free data
HSBC, Deutsche Bank and Swiss Re have thrown their support behind ESG Book, a new environment, social and governance (ESG) data platform launched on Wednesday (1 December) to 'disrupt' the market with a free "public good" service for companies and investors.
Finland set to reject EU taxonomy rules over biomass
Finland has come out against the EU's draft “Taxonomy Climate Delegated Act” saying the proposed classification of biomass under the EU's green finance rules goes against the country's national interest.
German coalition talks stumble over role of gas in EU taxonomy
The scramble over the role of gas and nuclear in the EU's sustainable finance rules has become a source of tension in the German government talks as the country's first ever three-party coalition is being negotiated in Berlin.
Austria ready to sue EU over nuclear’s inclusion in green finance taxonomy
Austria’s energy and climate minister Leonore Gewessler told EURACTIV in an exclusive interview that her country was ready to go to court if the EU decides to include nuclear power into the bloc's taxonomy on sustainable finance.
Scholz silent as progressive lawmakers weigh in on EU taxonomy debate
As the debate on whether to include nuclear power and gas in the EU's sustainable finance taxonomy continues, progressive lawmakers in Germany and the European Parliament have released a joint statement to weigh in on the debate.
EU countries buy more time to scrutinise green investment rules
European Union countries on Wednesday (22 September) pushed back their deadline to object to the EU's proposed rule book for green investments, giving themselves another two months to scrutinise the politically sensitive policy.
Draft EU plan outlines regulatory roadmap for green finance
The European Commission is considering a wide range of measures to bring the EU's financial sector into line with its climate goals, according to a draft strategy paper to be published next Tuesday (6 July).
LEAK: EU considers expanding role of gas in green finance
The European Commission is reconsidering the position of gas in its sustainable finance taxonomy by recognising the fossil fuel’s role in keeping the lights on during peak electricity demand, according to a leaked document seen by EURACTIV.
EU prepares to turn the screw on asset managers over greenwashing
For money managers and advisers keen to market their sustainable investing credentials to European clients, going green is about to get a lot tougher.
Parliament spells out red lines in EU battle over green finance
Senior lawmakers have expressed concerns about the EU’s proposed sustainable finance taxonomy rule book, raising the possibility that an unruly cross-party majority might emerge to reject the proposal in the European Parliament.
EU advisors and Poland’s PGE increase pressure over gas in green finance rules
The European Commission came under new pressure on Monday (22 February) from Poland's biggest power producer, PGE, and its own advisors, over whether to include gas power in EU rules on sustainable finance.
EU green finance advisors asked to clarify ‘transition’ to net-zero climate goal
The European Commission has asked advisors to rework the EU’s green finance taxonomy rules after member states rejected draft implementing guidelines, unhappy about the exclusion of gas as a “transition” activity towards net-zero emissions.
Banks ask for better data to implement EU green finance taxonomy
The availability of good data is seen as one of the main challenges to implement the EU taxonomy on sustainable finance, according to a test conducted by banks published on Monday (25 January).
Commission prepares ground for ‘ambitious’ sustainable finance strategy
The European Commission will present in early 2021 an “ambitious” sustainable finance strategy to mobilise the private investment needed to meet the EU’s climate targets.
EU countries urged to support ‘green recovery’ across the globe
European countries should use their influence as shareholders to encourage green investments in countries across the world, said Climate Envoy for the Netherlands, Marcel Beukeboom, as the High Ambition Coalition launched its Statement on a Resilient Recovery.
Commission readies implementation of sustainable finance
The European Commission will detail in the coming weeks what could be considered a ‘green’ activity, a technical definition that would help to unlock the massive investment needed to achieve the EU's climate objectives.
Europe urged to align budget with green finance rules
The EU’s sustainable finance taxonomy should be systematically applied to track green investments in the bloc’s next long-term budget and coronavirus recovery fund, which together amount to €1.8 trillion over the next seven years, according to a new report launched on Wednesday (28 October).
McGuinness wants ‘full investigation’ into Wirecard scandal
The Commissioner-designate for financial services, Ireland's Mairead McGuinness, promised on Friday (2 October) a “full investigation” into the Wirecard fraud that has thoroughly shaken up Germany, to see why supervision failed.
Sustainable finance: ‘Germany needs to show leadership’
The EU economic recovery plan presented by European Commission President Ursula von der Leyen on 27 May will also be based on the so-called taxonomy which gives priority to sectors in the field of low-carbon transition. EURACTIV Germany reports.
EU reaches milestone by agreeing on green criteria for finance
MEPs and the Finnish presidency of the EU Council agreed Thursday (5 December) on a taxonomy to determine what economic activities can be considered ‘green’, paving the way for billions of euros to be channelled into investments to fight climate change.
Paris, Berlin divided over nuclear’s recognition as green energy
Disagreement on the inclusion of nuclear power in the EU’s upcoming green finance taxonomy has revived long-standing divisions between France and Germany over the energy transition. EURACTIV France reports.
Banks taking only ‘superficial’ climate action, study reveals
Despite an explosion in green finance, banks have made only superficial changes to their lending practices, with fossil fuel funding going virtually unabated over the past years, according to a new report by Boston Common Asset Management released today (11 November).