ESG Insider: Regulator issues recommendations for EU’s sustainable finance framework
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The European Securities and Markets Authority (ESMA) published on July 24 recommendations that outlined potential changes to the EU’s sustainable finance regulatory framework.
In the past few years, the EU has been rolling out regulations designed to drive capital toward sustainable investments, including the EU taxonomy, a classification system of sustainable activities. In its recommendations, ESMA said the taxonomy should become “the common reference point” for assessing sustainability and should be part of all sustainable finance legislation. In addition, a social taxonomy could be developed, the regulator said.
The framework should also include a definition of transition investments to provide legal clarity, and all financial products should disclose a minimum of sustainability information, ESMA said. ESMA noted its recommendations form the last part of its reply to the European Commission’s request for input related to greenwashing.
In this week’s newsletter, we assess how European utilities might digest the impact of elections in the US and Europe on the energy transition. We also look at the outlook for battery-powered electric vehicles for the rest of 2024 and in 2025. We explore how demand for sustainable packaging is heating up in Mexico. And we examine how a lack of consent from indigenous groups is stalling carbon projects in Australia.
In our weekly ESG Insider podcast, we conclude our miniseries on sustainability in sports, just as the Summer Olympic Games get underway in Paris, France.
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Chart of the Week
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European utility bosses to assess elections fallout in Q2 earnings season??
European utility executives will likely use the second-quarter earnings season to digest the impact of key elections in the UK and France and to look ahead to another major vote in the US — all of which could prove to be critical for the energy transition, S&P Global Commodity Insights reports.??
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Startups and slowdowns in EV and battery plans?
S&P Global Mobility research expects that inconsistent demand growth for battery electric vehicles so far in 2024 will continue in 2025. As automakers balance capital expenditure and consumer demand, some battery projects have been delayed, while others are moving ahead.??
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Lack of consent from Indigenous bodies stall some HIR carbon projects in Australia
Some of Australia's carbon projects are struggling to obtain credits as they have been unable to secure the required consent from Indigenous communities, experts and market sources told S&P Global Commodity Insights.?
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Mexico joins plastic sustainability battleground in US West Coast?
Rising demand for sustainable plastic packaging in Mexico due to growing consumer awareness and industry initiatives is placing more pressure on American recyclers, who are seeking both to meet that demand and recycle enough plastic inside the US to meet domestic sustainability goals, S&P Global Commodity Insights reports.??
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Podcast
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ESG Insider Podcast
Sustainability in Sports: How sustainability is accelerating at EV motorsport Formula E In this week’s ESG Insider podcast, we speak to Julia Palle, Vice President of Sustainability at Formula E, the motorsport championship launched a decade ago for racing electric vehicles. She explains how Formula E is taking a holistic approach to sustainability that includes environmental and social issues and how sports organizations can take a leadership role in driving progress toward climate goals. >>Listen on Spotify ?or Apple Podcasts ?or YouTube Music
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Teaching Ai @ CompleteAiTraining.com | Building AI Solutions @ Nexibeo.com
3 个月Great insights on the evolving sustainable finance landscape! It's crucial we adapt our strategies to stay aligned with these recommendations. I recently explored how AI can enhance sustainable finance—check it out here: https://completeaitraining.com/blog/how-to-integrate-ai-into-sustainable-finance-a-strategic-approach. #ESGInsider #ESG