The European Commission has clarified the EU Taxonomy, the cornerstone of its sustainable finance framework. With an emphasis on transparency and usability, the updated guidance aims to simplify the implementation of the EU Taxonomy for stakeholders, ensuring it continues to drive investment toward sustainable economic activities. As Mairead McGuinness, Commissioner

The European Supervisory Authorities (EBA, EIOPA, and ESMA) and the European Central Bank (ECB) have released the results of the Fit-For-55 climate stress test. This one-off analysis evaluates the impact of transition risks and macroeconomic shocks on the EU financial system under the Fit-For-55 climate policy package. The results reveal

At COP29, CDP and EFRAG unveiled a groundbreaking collaboration to enhance efficiency in environmental data reporting. The partnership focuses on aligning CDP with the European Sustainability Reporting Standards (ESRS), particularly the ESRS climate standard (ESRS E1). This alignment aims to reduce reporting burdens for businesses while fostering greater transparency and