Sustainability Weekly

Last week, we published a flash note postview of COP29 in Baku, a flash note on the possible ‘omnibus’ regulation on European ESG rules, and a flash following the publication of the report of the French High Committee on Corporate Governance. The European Parliament approved the von der Leyen Commission by a majority of 51.4%. ArcelorMittal is delaying its investment decisions on decarbonisation in Europe pending ‘full visibility on the political environment’. In the social sector, Thyssenkrupp has announced 11,000 job cuts in its steel division between now and 2030. Valeo plans to cut 1,000 jobs in Europe and close two sites in France. Volkswagen announces the sale of its controversial Xinjiang site. According to FTI, Allianz, AstraZeneca, Deutsche Telekom, GSK, Mercedes Benz, Prosus, RELX and Zurich Insurance are the most transparent companies on their use of generative AI within the Stoxx Europe 50. Food labelling could mislead consumers, according to the European Court of Auditors. TotalEnergies was allegedly aware of the human rights violations committed on its LNG project in Mozambique as early as 2021, according to an article from Le Monde.