Sustainability Weekly 1-5 December 2025

Last week, we published two flash notes: one following EFRAG's publication of its technical opinion on simplifying ESRS reporting, and another concerning the publication of the High Council on Corporate Governance's annual report. SOMO published a report on an alliance of large multinational companies that allegedly lobbied to weaken the scope of CS3D. The European Commission postponed the publication of its automotive plan, while Germany formally called on the EU to relax the ban on internal combustion engine vehicles scheduled for 2035. The PCAF updated its standard for measuring and reporting financed emissions related to the financing and investment activities of financial institutions (scope 3, category 15). Global plastic production is expected to increase by 52% by 2040, exceeding waste management capacity, warns a Pew report. On the social front, the Symbio joint venture, specializing in hydrogen fuel cells, is preparing to lay off 50 to 70% of its 530 employees at its Saint-Fons gigafactory, according to Les Echos. Italian police conducted raids on companies in the fashion sector, including Gucci (Kering), Givenchy (LVMH), and Adidas, as part of an investigation into human rights abuses in the supply chain. In governance matters, Airbus has reduced its 2025 aircraft delivery target following a quality issue with the A320 family. Following the announcement of the withdrawal of export credit agencies in the UK and the Netherlands from Mozambique LNG, TotalEnergies issued a press release to "clarify" the project's financing. The San Francisco District Attorney is suing 10 companies, including Nestlé, for producing ultra-processed foods.