Markets & Corporate

Environmentalists have established their own green taxonomy they say will provide “independent science-based” guidance to investors, amid controversy surrounding the official EU taxonomy.

The European Commission has published draft guidelines setting out the conditions where agricultural producers can be exempted on environmental grounds from strict EU single-market rules prohibiting agreements on issues such as production levels and pricing.

Lobby group BusinessEurope has heavily criticised member states for seeking to ‘largely deactivate’ a key clean industry fund as part of emergency measures to tackle the EU’s dependence on Russian fossil fuels.

Members of the European Parliament’s environment and economy committees have heavily criticised developments in the EU sustainable finance agenda, in a hearing with commissioner Mairead McGuinness.

The EU Council has divided opinion with its general approach on the Corporate Sustainability Due Diligence Directive, as green groups accuse it of ‘gutting’ the European Commission’s proposal.