Category: ESG Europe
The World Bank has successfully issued a €2.5 billion 7-year euro-denominated bond, marking its first such issuance in fiscal year 2025. The bond, maturing in August 2031, attracted significant interest...
For more from Tim Mohin, sign up for his newsletter here While there are still many questions about how all of these policies will work and interact, the time for implementation...
The European Investment Bank (EIB) has activated a €5 billion initiative to bolster Europe’s wind-energy equipment manufacturers. This includes a €500 million counter-guarantee to Deutsche Bank AG, facilitating up to...
International Airlines Group (IAG) has inked a landmark agreement with Repsol for over 28,000 tons of sustainable aviation fuel (SAF), marking the largest SAF purchase in Spain. This fuel will...
The European Securities and Markets Authority (ESMA) has published an Opinion on enhancing the Sustainable Finance Regulatory Framework, highlighting potential long-term improvements. Current Framework ESMA recognizes the robust development of...
New Leadership Announced Accountancy Europe has appointed Eelco van der Enden as its new Chief Executive Officer, effective January 2025. This decision follows a comprehensive search process led by President...
The Iberian Peninsula is spearheading Europe’s cleantech transformation, with a forecasted investment of over €150 billion and the creation of approximately 2.65 million jobs by 2030. These insights come from...
Dutch companies show strong confidence in CSRD readiness. According to PwC’s Global CSRD Survey 2024, 79% of Dutch businesses expect to comply with the new Corporate Sustainability Reporting Directive (CSRD)...
Cepsa and PreZero Spain have signed a strategic partnership that will enable both companies to advance in their decarbonization objectives. Under the agreement, PreZero Spain will supply biomethane from some...
After the rightward turn in Europe’s elections last week, few people thought that the EU would continue its streak of leadership sustainability policies. In a surprise move, the environment ministers...
Capgemini announced the signing of a long-term agreement with Equigy to develop a new decentralized energy system to manage more effectively the supply and demand of electricity across Europe. The crowd balancing platform (CBP)...
Over the last few years, Europe’s “green deal” produced a plethora of sustainability policies. It seemed like every week, we reported on a new, far-reaching, world-leading sustainability regulation. Now that...
As the world’s largest trading bloc, the EU uses its considerablepurchasing power to meet its ambitious sustainability goals. In doing so, the EU’s new rules will reach well beyond its...
The project will provide 80% of the heat demand for Finnish neighborhoods. Nestled on the shores of the Gulf of Finland, Google’s Hamina data center is set to become a...
Key Impact Points: The Global Reporting Initiative (GRI) has launched the “CSRD Essentials” series, a practical guide for understanding the EU’s Corporate Sustainability Reporting Directive (CSRD). This initiative, developed with...
The Copernicus Climate Change Service, in collaboration with the World Meteorological Organization, has released the European State of the Climate (ESOTC) report for 2023. This document provides a comprehensive analysis...
After a green voting marathon, the EU Parliament closed its final plenary of this term before its June elections. The huge voting sessions yielded a plethora of new policies, including...
The European Financial Reporting Advisory Group (EFRAG) selects Datamaran as its solution for data-driven ESG governance supporting the development of the European Sustainability Reporting Standards (ESRS) The European Financial Reporting Advisory Group...
Scotiabank has issued its inaugural EUR 1 billion, 5-year senior fixed rate Green Bond (the “EUR Green Bond”) in the European market pursuant to Scotiabank’s Sustainable Issuance Framework released on April 5, 2024 (the...
At the Our Ocean Conference in Greece, the European Union is confirming its strong engagement for international ocean governance by announcing 40 commitments for action for 2024. These actions will be funded by €3.5 billion from...
The Council formally adopted a revised directive on the energy performance of buildings. The directive will help reduce greenhouse gas emissions and energy poverty in the EU. Zero-emission buildings by...
Climeworks, the global leader in carbon dioxide removal (CDR) via DAC+S technology, has been awarded 2.2m CHF (26m NOK) in funding from Enova, at 50 percent funding intensity, in the...
MEPs adopted plans to facilitate the uptake of renewable and low-carbon gases, including hydrogen, into the EU gas market. The new directive and regulation on the gas and hydrogen markets...
The law will set up an EU certification framework for carbon removals to boost their uptake and help achieve EU climate neutrality by 2050. Parliament on Wednesday adopted the provisional...
Key Impact Points: Verein KlimaSeniorinnen Schweiz and Others v. Switzerland In a groundbreaking decision, the European Court of Human Rights (ECHR) has issued a landmark ruling in a climate case...
A majority (70%) of European companies align less than 25% of their capital expenditures (CapEx) toward transitioning towards a net-zero economy, new analysis by CDP and Oliver Wyman reveals. Meanwhile,...
The Republic of Iceland issued a green bond in the amount of 750 million euros, the equivalent of ISK 111 bn. The bond bears a 3.5% fixed rate coupon, a...
Europe continued its leadership in sustainability policy with the approval of the Corporate Sustainability Due Diligence Directive (CS3D) late last week. The new policy requires companies to identify and mitigate...
The Federal Government believes that Germany’s climate targets for 2030 are achievable. “Providing we stay on course, we are set to achieve our 2030 climate targets,” said Economics and Climate...
The Principles for Responsible Investment (PRI) has published its 2030 EU Policy Roadmap, outlining key recommendations for European policy makers to accelerate private investment in the economic transition. The report presents...
On Wednesday, Parliament adopted its proposals to better prevent and reduce waste from food and textiles across the EU. MEPs adopted their first reading position on the proposed revision of the Waste...
Parliament has adopted its position on establishing a verification and pre-approval system for environmental marketing claims to protect citizens from misleading ads. The green claims directive would oblige companies to...
Parliament and Council reached a provisional agreement on revamped rules to reduce, reuse and recycle packaging, increase safety and boost the circular economy. The new measures aim to make packaging...
A recent Bloomberg survey of roughly 200 European financial market participants reveals a growing concern: managing the ever-increasing volume of ESG data. The survey, conducted throughout 2023 and encompassing respondents...
Wind turbines that use sensors to optimally adapt their rotor blades to the wind strength, fields that are fertilized more economically based on satellite data, factories that produce highly efficiently...
The Puglia Green Hydrogen Valley is part of the 33 projects included by the European Commission in Hy2Infra, the third Important Project of Common European Interest (IPCEI) to support the...
Following a dialogue with the Commission and national consumer authorities, Zalando has committed to removing misleading sustainability flags and icons displayed next to products offered on its platform. Such claims...
The Commission is investing over €233 million in twelve new Strategic Projects across Europe under theLIFE programme to support the implementation of the EU’s environmental and climate ambitions under the European Green Deal....
The new law aims to reduce air pollution in the EU to achieve a clean and healthy environment for citizens as well as zero air pollution by 2050. Negotiators from...
The pivotal role of civil society in driving forward the implementation of the United Nations Sustainable Development Goals (SDGs) took centre stage during the plenary session of the European Economic...
The Environment Committee adopted its proposals to better prevent and reduce waste from food and textiles across the EU. On Wednesday, MEPs in the Environment Committee adopted their position on...
PFZW completed the two-year engagement programme targeting fossil fuel companies at the end of 2023. Seven listed oil and gas companies with a compelling climate transition strategy will remain part...
The PPA (Power Purchase Agreement) provides for the supply of energy for 10 years through Iberdrola’s photovoltaic plants. Iberdrola continues its commitment to the decarbonisation of the planet. The company will supply...
Europe announced a sweeping new proposal to cut greenhouse gas emissions by 90% by 2040, ahead of their 2050 carbon-neutral goal. The European Commission made the announcement on Tuesday ahead...
Google’s AI is being used to tackle the emissions issue in European skies, offering a cost-effective solution called “Contrail Avoidance.” This technology allows airlines to identify optimal changes in flight...
The Minister of Climate Action, Food, and Rural Agenda, David Mascort i Subiranas, and the Vice President and Minister for Ecological Transition and Demographic Challenge of the Spanish Government, Teresa...
Paris, the host city for the upcoming Olympic Games, has taken a significant step towards a greener future by voting to triple parking charges for some SUVs in its central...
This week, tractors blocked highways across France, conducting “the siege of Paris,” partly in protest of unfair environmental standards driven by the EU Green Deal. Similar protests were seen across...
EIB President Nadia Calviño announced today in Madrid that the European Investment Bank Group had signed new financing worth around €11.4 billion in Spain in 2023. This financing went to high-impact projects...
57% of the energy mix covered by photovoltaics, wind, and hydroelectric power 2023 marked a historic milestone in Greece’s clean energy production, with 57% of the energy mix being supplied by...
Official logo of ESG News (C) 2025