Sustainability Weekly 3 – 7 February

Last week, we published a study on 'transition investing': a mega-trend in our opinion, based in particular on the requirement for credible transition plans. We also published a flash note on the "Omnibus" envisaged by the European Commission: a significant reduction in the CSRD and the CS3D could be announced in March. We come back on the newsflow on AI and sustainability challenges. In its review of sustainable funds for Q4 2024, Morningstar highlights an increase in inflows into Art. 8 funds and a continuation of outflows from Art. 9 funds. The European Platform on Sustainable Finance has published recommendations aimed at simplifying the EU taxonomy. Faster progress is needed across Europe to protect waters and better manage flood risks, according to a report from the European Commission. The EU could exempt 80% of companies from the Carbon Border Adjustment Mechanism (CBAM), according to Climate Commissioner W. Hoekstra. TotalEnergies has published its results for 2024, and announced a (slight) downward review of low-carbon Capex for 2025. Equinor has also published its 2024 results, and announced a significant downward review of low-carbon investments, and an increase in its oil and gas production. In business ethics, Le Monde has published a new investigation concerning Nestlé Waters. The group denies having put pressure on public decision-makers. In governance, the HCJP does not rule on the question of the legality of the withdrawal by the Board of Directors of a draft resolution at the AGM.