Sustainability Weekly 15 – 18 of July

Last week, the European Commission proposed its Multiannual Financial Framework (MFF) for the period 2028-2034. We examine its impact on sustainability policies. Stellantis announced the end of its hydrogen programs. Brookfield and Google signed a hydroelectric framework agreement for 3,000 MW of electricity in the US. According to Aon, insured losses due to natural disasters are expected to reach $ 100bn in the first half of 2025. On the social front, Thyssenkrupp Steel and IG Metall reached consensus on a collective restructuring agreement. Loro Piana (LVMH Group) was placed under court administration in Italy for failure to respect human rights in its supply chain. TNFD issued recommendations to EFRAG to simplify ESRS, stressing the importance of highlighting nature-related dependencies.