ECB Expands Application of Climate Risk Factors in Collateral Framework to Corporate Loans

The European Central Bank (ECB) announced plans to extend the use of climate factors in the collateral framework to eligible loans to non-financial corporations, significantly expanding its initiative to adjust the value assigned to assets pledged by banks as collateral…

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TÜV SÜD Acquires Climate Impact Verification Platform SustainCERT

Germany-based testing, certification, auditing, and advisory services provider TÜV SÜD announced today the acquisition of climate impact verification platform SustainCERT, in a move aimed at expanding its capabilities in digital carbon verification and strengthening its position in global carbon markets.…

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EFRAG Releases Proposed CSRD Sustainability Reporting Standards for Non-EU Companies

The European Financial Reporting Advisory Group (EFRAG) announced the release of its new Exposure Draft of the European Sustainability Reporting Standards for certain non-EU undertakings (ESRS-40a ED), outlining proposed sustainability reporting requirements for non-EU companies included in the scope of the…

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