Sustainability Weekly 10 – 14 March
Last week, EU finance ministers backed the Omnibus project while the European Parliament remains divided. Euronext considered excluding Airbus, Safran, and Thales from the CAC40 ESG index, before reversing its decision. Threats related to physical climate risks will become more frequent and intense, according to a new BCG study. Progress has been made in aligning corporate lobbying with the Paris Agreement, according to a new report from InfluenceMap. The Platform on Sustainable Finance published a report on tracking investments and transition financing using the EU taxonomy. The Net Zero Banking Alliance may abandon its 1.5°C commitment. TotalEnergies and RWE will collaborate on green hydrogen to decarbonize the Leuna refinery in Germany. On the social side, RWE is reducing its offshore workforce in the United States, citing the regulatory and political environment. In our study of European pharmaceutical companies, we review our ESG opinions on the sector: AstraZeneca is downgraded to Neutral due to controversies in China. L'Oréal recalls products in the United States following concerns about benzene contamination.