Tag: esg

  • EU to delay sustainability reporting for non-EU companies

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    The European Union (EU) will postpone its requirement that non-EU companies adopt upcoming sustainability-reporting standards under the Corporate Sustainability Reporting Directive (CSRD). The delay, part of the Omnibus I reform package the European Parliament’s Legal Affairs Committee approved on October 9, 2025, would move the compliance date from June 2026 until at least October 2027.…

  • Net Zero Banking Alliance to suspend operations

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    On Aug. 27, the Net Zero Banking Alliance (NZBA) announced that it is suspending operations, as a number of large banks have exited the group over the last several months. NZBA has said its remaining members will vote to determine whether it should remain a member-based group or transition to an organization that provides guidance…

  • UBS quits NZBA

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    UBS, Switzerland’s largest bank, announced Thursday it is leaving the Net-Zero Banking Alliance (NZBA), joining several recent global departures from the coalition. UBS was a founding member of the NZBA and is the third major bank to leave in as many weeks. The departures could limit the alliance’s ability to set shared targets and monitor…

  • ESG opponents argue BlackRock still boycotts Texas energy

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    Consumers’ Research (CR), a nonprofit critical of ESG investing, and the American Energy Institute (AEI), an energy advocacy group, released a report arguing BlackRock, the world’s largest asset manager, is still boycotting Texas energy. The report contradicts BlackRock’s claims and those made by former Texas Comptroller Glenn Hegar (R), who earlier this summer removed the…