Breaking news – Sustainable Finance in June

What’s new in sustainable finance?
🇫🇷 The AMF assesses the first CSRD reports in France
The French Financial Markets Authority (AMF) will review 20% of the 230 expected sustainability reports this year with a “comprehensive and supportive” approach, given the complexity of the EU's omnibus package. AMF President Marie-Anne Barbat-Layani criticized the CSRD for overregulation, calling instead for a more pragmatic stance while reaffirming the importance of sustainable finance. The AMF aims to provide constructive feedback to support ESRS simplification efforts and warns of the difficult situation for French companies, as France has implemented the directive while others, like Germany, have not; it also stresses the need for EU strategic autonomy in sustainability data.
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🐠 3rd UN Ocean Conference in Nice
The UN Ocean Conference (UNOC3) opens this week in Nice, 80 organizations — including 55 companies representing over €600B — have joined forces to accelerate global cooperation for a healthy, sustainable ocean. 
UN Secretary-General António Guterres warned the assembly: “Greed is the enemy”, calling on leaders and civil society to resist the forces destroying marine ecosystems.
“We are in Nice for one mission: to save the ocean, to save our future.” 
From corporate commitments to scientific collaboration and treaty ratifications, a global coalition is forming to avoid a point of no return.
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🏦 Banking on Climate Chaos
According to this new report, in 2024, the world’s 65 largest banks poured $869 billion into fossil fuels — $429 billion of it into fossil fuel expansion.
Despite climate pledges, most banks increased their fossil financing, deepening the climate crisis. This report calls for urgent regulation, as voluntary commitments have clearly failed.
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🇸🇬Singaporean banks publish their first nature-risk report
Singapore’s major banks (DBS, OCBC, UOB) and the Monetary Authority of Singapore launched a study linking nature-related risks—especially in the palm oil sector—to credit risk. While impacts were found to be limited, upstream players face greater exposure to biodiversity loss and climate-related pressures. The initiative calls for better integration of nature-related risks into financial analysis.
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