EU

Oil refinery gas flare
Energy, EU
March 1, 2023

EU methane regulation omits fossil fuel imports

A new report finds that EU regulation aimed at reducing methane emissions fails to factor in those associated with fossil fuels imported into the bloc....
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BNP Paribas bank logo
Financials, France, Litigation
February 24, 2023

BNP Paribas hit by climate lawsuit in France

Three non-profits are suing BNP Paribas for taking insufficient action to end fossil fuel financing, though the bank insists its strategy of reducing oil and...
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EU, Industrials
February 22, 2023

EU approves subsidies for ArcelorMittal’s ‘two-speed decarbonisation’

The decision to help the steelmaker to build green hydrogen-powered plants in Europe while it maintains coal-reliant production elsewhere has drawn criticism. The European Commission...
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EU
February 22, 2023

Including best-in-class planes in EU taxonomy is ‘pure greenwashing’

Non-profit T&E says aircraft manufacturers need to focus their efforts and investments on building zero-emissions planes ‘that are truly green’. The inclusion of “best-in-class” airlines...
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Energy, EU
February 21, 2023

EU Green Deal Industrial Plan: ‘We were expecting more’

Brussels’ proposals for green industrialisation lack detail and direction, say European businesses – especially compared to the hefty incentives offered by the US government and...
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EU
February 1, 2023

Materiality assessment in ESG reporting standards needs further guidance, say EU regulators

EU financial regulators and the ECB have submitted their opinions on the first set of sustainability reporting standards, which are due to be adopted in...
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France, Litigation, Policy & Regulation, Retail & Consumer
January 11, 2023

Danone sued over single-use plastic footprint

ClientEarth has filed a case in a Paris court arguing the consumer giant is in breach of France’s Corporate Duty of Vigilance Law. Danone is facing potential litigation after non-governmental organisation...
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EU
November 29, 2022

European sustainability standards move into final scrutiny period

EU institutions as well as the industry evaluate the bloc's first 12 draft sustainability reporting standards while the European Financial Reporting Advisory Group works on sector-specific proposals. Last week, the...
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