ESMA Flags Gaps in Sustainability Disclosures, Calls for Tighter Oversight in Investment Sector
• Supervisory review finds shortcomings in SFDR compliance and risk integration• Report identifies issues at both entity and product levels• ESMA urges national regulators to increase scrutiny and follow up on vulnerabilities The European Securities and Markets Authority (ESMA) has published the results of its 2023–2024 Common Supervisory Action (CSA) on the integration of sustainability […]
Nokia Secures €1.5B Credit Facility Tied to Scope 1–3 Emissions Reduction Targets
€1.5B credit facility integrates sustainability pricing: Nokia’s new five-year revolving credit facility (RCF) links financing terms to Scope 1, 2, and 3 GHG emission reductions. Sustainability-linked margin adjustments: Loan pricing will rise or fall annually based on Nokia’s progress against its climate targets. Supports Nokia’s 2040 Net-Zero goal: Facility strengthens Nokia’s broader climate transition plan, […]
Swiss Climate Disclosure Law Put on Hold as EU Finalizes Sustainability Reforms
The Federal Council has suspended revisions to the climate disclosure ordinance until at least early 2026. Proposed amendments aim to align Swiss rules with evolving international standards and EU developments. Final decisions on corporate climate reporting requirements are delayed until a broader revision of the Code of Obligations is approved. At its meeting on 25 […]
85% of Europeans Say Tackling Climate Change Should Be a Priority, Eurobarometer Survey Finds
85% of Europeans see climate change as a serious threat and support policies to reach net-zero emissions by 2050. 88% support stronger EU action on renewables and energy efficiency as a path to energy security and economic resilience. Public trust in institutions outweighs faith in individual impact, with national governments, the EU, and industry seen […]
EU Commission Confirms Green Claims Directive Not Withdrawn
• Confirms continued commitment to anti-greenwashing law after confusion over withdrawal• Microenterprise exemption remains the key sticking point• Final outcome hinges on Council clarity and political consensus The European Commission has clarified that it has not withdrawn the Green Claims Directive, despite confusion following a statement last week that suggested the EU executive intended to […]
