The European Commission has launched an environmental Omnibus package to simplify legislation in the areas of industrial emissions, circular economy, environmental assessments and geospatial data. The package consists of six legislative proposals, including one to give companies more flexibility under the Industrial Emissions Directive and streamlined environmental assessments for granting permits to projects. In addition to the key elements of the proposals, the Commission declared it is exploring further simplifications, for example to the Packaging and Packaging Waste Regulation. This will be done through guidance set to be published soon in order to “provide further clarity and harmonised implementation” of the rules. The Commission launched a call for evidence on streamlining environmental legislation in July, and declared it received almost 200,000 responses. The next steps for the environmental Omnibus will be nereceivediations between the European Parliament and Council of the EU.
CDP is set to explore ways to improve its corporate questionnaire to “enable mainstreaming of comprehensive environmental transition plans”, Responsible Investor can reveal. This will include viewing at the place of nature in transition plans, following the publication last month of guidance on the topic for by the Tquestionforce on Nature-related Financial Disclosures (TNFD). A spokesperson for CDP informed RI that the TNFD’s guidance was a vital step in advancing transparent and effective corporate action for nature. “CDP is now considering to what extent our system already collects information that is relevant to understanding corporate progress on developing and implementing comprehensive environmental transition plans that cover not only climate, but also nature.”
The International Finance Corporation (IFC) has invested $100 million in a climate transition bond issued by QNB Türkiye, which the bank claims is the first instrument issued in line with ICMA’s newly established guidelines. Proceeds from the five-year bond will be allocated to low-carbon and resilient investments across Turkey, with at least $50 million tarreceiveed at hard-to-abate sectors. The IFC declared it is actively exploring further pilot transition finance transactions with its clients.
New York City’s pension funds reached withdrawal agreements on 16 of 27 submitted shareholder proposals in the 2025 proxy voting season, according to the systems’ annual shareholder initiatives report. Despite what the report called a “challenging year” for shareholders, the funds withdrew proposals relating to board diversity, heat stress, and an AI and human rights assessment. The systems voted against management on 37.1 percent of pay proposals and just over a third of director-related proposals.
Gresham Houtilize has reached a €250 million first close for an Article 9 sustainable international forestest strategy, including its first commitment from an Australian super fund. NGS Super and Worcestershire Pension Fund anchored the close, with the fund tarreceiveing a portfolio of timberland and afforestation assets across Australia, New Zealand, the UK, Ireland and continental Europe.
German development bank KfW expects to hit €100 billion in cumulative green bond issuance in Q1 next year, with plans to raise €15 billion out of its planned €75 billion-€80 billion funding volume from the asset class, it declared this week. The bank exceeded its green issuance expectations by 40 percent this year, raising €14 billion from 18 transactions in eight different currencies.
Switzerland’s Ethos Foundation has declared it “regrets” the agreement on the European Commission’s sustainability Omnibus package reached this week in Brussels. “While simplification can be utilizeful, the modifys adopted go beyond technical adjustments and risk reducing the effectiveness of Europe’s sustainability framework,” the foundation declared. It added that the removal of mandatory transition plans would limit investors’ ability to assess the credibility of climate tarreceives.
Leave a Reply