Sustainability Weekly 7-11 July 2025

Last week, the European Commission adopted the delegated act revising the Taxonomy: the proposed changes are confirmed. The news flow on CSRD continued, with the European Commission and EFRAG making progress on simplifying the requirements. The Commission also published an EU action plan for the chemical industry to safeguard the sector and launched a roadmap for nature credits. The European Parliament rejected a proposal to fast-track negotiations on the EU's new climate target, as well as the country risk classification mechanism under the EU Deforestation Regulation (EUDR). According to Reclaim Finance, three out of four French pension funds do not exclude fossil fuels. A new ICCT study has shown that battery electric vehicles (BEVs) emit on average four times less than internal combustion engine vehicles (ICEVs) over their entire lifecycle in Europe. TNFD has published a report on the financial materiality of risks linked to impacts and dependencies on nature. On the social side, ASML dropped its inclusion and diversity targets in the United States. The Financial Times revealed that Moët Hennessy is facing allegations of sexual harassment and gender discrimination. In governance, new academic research has shown that shareholder ESG resolutions influence corporate environmental and governance performance, despite low positive votes.