Sustainability Weekly 14 – 17 April

Last week, DWS amended its exclusion criteria on conventional weapons for actively managed Article 8 funds. The ESRS simplification work plan presented by the EFRAG Secretariat was rejected on April 15 by 10 members of EFRAG's Sustainability Reporting Board (SRB). The NZBA published the new version of its climate framework, notably introducing a more flexible path towards alignment with "limiting global temperature increase to well below 2°C and aiming for 1.5°C." L&G opposed the re-election of BP's chairman in protest against its strategic reset. The International Maritime Organization reached an initial agreement on the first global carbon price for shipping. The European Commission has announced new measures to facilitate the implementation of the EU Deforestation Regulation (EUDR), which is expected to come into force later this year. In Europe, the steel industry accounts for 300,000 jobs, 100,000 fewer than in 2008. In corporate governance, Applied Materials announced it had acquired a 9% stake in BE Semiconductor. At Stellantis' AGM, all resolutions were approved at the, with a third of shareholders voting against Carlos Tavares's compensation. A Bloomberg investigation reveals human rights violations in the rubber and palm oil value chains in West Africa; Bolloré, Michelin, and Continental are said to be indirectly exposed.