22 December 2023

Breaking news – Sustainable Finance

What’s new in sustainable finance?


Every week, Carbon4 Finance shares the latest headlines in sustainable finance.

After six years, the European institutions have reached an agreement on the text of the future directive that compels large companies to uphold human rights and environmental standards (Corporate Sustainability Due Diligence Directive) throughout their supply chains, marking a historic advance in corporate responsibility, with the directive requiring businesses to identify, assess, prevent, mitigate, and remedy the negative impacts of their activities on people and the planet. The exclusion of the financial sector has caused great surprise.

The I4CE (Economics Institute for the Climate) published a report on climate investments in France. The results show that Climate investments in 2022 reached €100 billion, with growth in electric vehicles and renewable energy. However, this falls short of needed reductions in greenhouse gas emissions. Preliminary 2023 data suggests an increase, mainly driven by electric vehicles.
The European Banking Authority (EBA) has responded to the European Commission's request for advice on green loans and mortgages, suggesting the creation of a voluntary EU label for green loans based on a common definition.
In view of its entry into force on 1 January 2024, the French accounting standards authority (ANC) has just published a guide to deciphering the CSRD. In the form of question and answers sheets, the guide deals with the following 4 ESRSs: ESRS 1 - "General principles", ESRS 2 - "General information to be provided", ESRS E1 - "Climate change", ESRS S1 - "Company personnel".CSRD Guidelines ANC.

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