The EU Commission has presented new criteria for the green taxonomy as part of a legislative package on sustainable finance. In doing so, it is adding to the catalog of economic activities that are considered sustainable under this classification system and should thus attract climate- and environmentally-friendly investments. These were previously developed by the Sustainable […]
The European Parliament adopted the agreement on the Battery Regulation yesterday with 587 votes in favor, 9 against and 20 abstentions. Parliament, Council and Commission had agreed on the legislative text in December. The main measures:“For the first time, we have circular economy legislation that covers the entire life cycle of a product,” said Achille […]
The EU Commission yesterday unveiled a package of measures as part of its sustainable finance agenda:Finance Commissioner Mairead McGuinness said: “The foundation of the framework for sustainable finance is in place.” The task now, she said, is to build on it. “We also need to unlock the full potential of sustainability finance so that all […]
Last Friday, the EU Commission presented its draft for the European Sustainability Reporting Standards. The delegated act is intended to supplement the Corporate Sustainability Reporting Directive (CSRD) adopted last year. It is now open for public consultation until July 7.The draft has drawn strong criticism from think tanks and NGOs: the Commission has weakened the […]
As part of a package of measures for sustainable finance, the EU Commission is today presenting a draft for the planned ESG rating regulation. With it, it wants to ensure transparency and integrity in the market for sustainability ratings. According to the proposal, which Table.Media has received in advance, providers of ESG ratings will in […]
The EU has so far set recycling targets in three directives: the Waste Framework Directive, the Packaging Directive and the Landfill Directive. According to these, by 2025, 55 percent of municipal waste and 65 percent of packaging waste should be prepared for reuse or recycling. Material-specific targets are also prescribed for the various packaging materials.According […]
The Critical Raw Materials Act (CRMA) is supposed to be part of the European response to the US Inflation Reduction Act (IRA). But while the USA has set up a massive subsidy package worth hundreds of billions with the IRA, question marks continue to surround the financing of strategic EU raw materials projects. In the […]
In the end, the vote was clear: By 366 votes to 225 with 38 abstentions, the EU Parliament adopted the report on the Due Diligence Act yesterday morning. With this, it wants to legally oblige companies to identify and prevent, end or mitigate negative impacts of their activities on human rights and the environment.Until the […]
At the beginning of the week an article in the BILD newspaper gave the impression that it was a hopeless case for German breweries: The destruction of “BILLIONS of beer bottles” was threatening, and even the beer crates would have to be shredded. With quotations of worried federation heads the BILD confirmed alarmed beer sommeliers […]
Mr. Philipponnat, ESG ratings assess a company’s performance in the areas of environment (E), social (S) and corporate governance (G). What is your criticism?ESG investing has two dimensions: There is the financial materiality, i.e. the risk perspective from the outside in (“outside-in”). It describes the financial impact on the company of external risks such as […]