Sustainability Weekly 20-24 January 2025

Last week, we published our ESG Feedback from the Oddo 2025 Forum, during which many discussions revolved around the tension between competitiveness and sustainability. We also published an analysis of the new International Energy Agency report on nuclear energy, as well as a flash note in which we address the assessment of the independence of employee shareholder representatives on Boards of Directors. This week brought a formalization and clarification of the positions of the various stakeholders on the Omnibus, and in particular on the changes to be made to the CSRD and CS3D. The Platform on Sustainable Finance published its report on transition plans. The first day of Trump's presidency was marked by a shower of Executive Orders, many of which on sustainability themes. The World Economic Forum published on the paths of a transition towards a nature-positive economy in industries and cities, while the TNFD published new sectoral guidelines. The European Commission announced that the strategic dialogue on the future of the European automotive industry will take place from January 30. The Vice-President of the European Commission spoke in favor of EU-level subsidies for electric vehicles, flexibility on annual targets, and maintaining the ban on the sale of new ICE vehicles by 2035. The 2025 edition of Ember’s European Electricity Review was published: solar overtakes coal for the first time. Urgewald published its first metallurgical coal exclusion list (MCEL). Veolia is reportedly involved in a controversy related to “covering up pollution and endangering employees,” according to Médiapart. TotalEnergies announced the postponement of the Mozambique LNG project due to security concerns.