The European Central Bank has ordered Spanish lender ABANCA to pay €187,650 after the bank failed to complete a required assessment of its climate-related and environmental risks within the deadline set by supervisors.
A group of 21 European airlines has agreed to overhaul how they market the environmental impact of air travel, after EU consumer protection authorities found that some of their claims could mislead passengers about what paying extra for “green” flight options actually achieves.
A coalition of Republican attorneys general from more than 20 U.S. states has urged President Donald Trump to oppose two major European Union sustainability laws, warning that the measures could impose heavy costs and legal risks on American companies.
The Financial Conduct Authority (FCA) says the UK has reached a pivotal moment in its sustainable finance agenda as the government introduces legislation that would hand the regulator oversight of ESG ratings providers for the first time.
New Zealand is narrowing the scope of its mandatory climate-related disclosures regime, in a move the Government says will reduce compliance costs for businesses and help restore momentum in the public markets.
A Paris court has convicted TotalEnergies of misleading consumers through “greenwashing,” ruling that the French oil and gas giant overstated its environmental commitments and misrepresented its pathway to carbon neutrality.
The European Parliament has rejected a draft mandate that sought to streamline sustainability reporting and due diligence obligations for companies, setting the stage for a renewed debate and a fresh vote next month.