Markets & Corporate

Volkswagen is being investigated for a second time in the UK over alleged NOx emissions cheating, this time in its Porsche and Audi vehicles.

Investors and financial sector players have warned the European Commission that “more work is needed” on the EU Taxonomy Regulation as the executive finalises a delayed small print fixing the criteria for what will be considered a ‘sustainable investment’ for the purposes of EU law and support.

Financial sector stakeholders have called on policymakers to improve Europe’s sustainable finance agenda by fostering policy incentives to drive capital markets towards a faster transition and shedding light on ‘brown’ economic activities.

As the European Commission works on legislation to become the world’s largest issuer of green bonds, stakeholders have welcomed its commitment that they should be linked to the EU green taxonomy.

MEPs and civil society groups have urged the European Commission to draft fresh legislation to hold companies liable for any environmental degradation or human rights breaches they cause or facilitate.