Markets & Corporate

The European Commission has drawn criticism by including for the first time hydrogen infrastructure and electrolysers in its lists of projects that are eligible for billions of euros worth of subsidies.

National representatives have indicated a readiness to accommodate Parliament’s push for mandatory climate transition plans at upcoming negotiations on the Corporate Sustainability Due Diligence Directive, in an effort to reach a deal with co-legislators that fully excludes the financial sector.

The world’s largest chemical companies have been urged by investors to stop producing PFAS due to the “deep liability and insurance risks” posed by the group of so-called forever chemicals.

Legally-binding climate reduction targets must be introduced for organisations and their enablers – the EU’s financial sector – in the corporate sustainability due diligence directive, a report by green groups has claimed.

Green groups have identified the European Parliament’s position on the corporate sustainability due diligence directive as the only one to “ensure the file achieves its objectives”, warning that the approaches put forward by the European Commission and EU Council “would fail”.