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Germany Pushes to Delay CSRD Sustainability Reporting Requirements for Smaller Businesses

ESG Today

Beyond the CSRD, Kukies highlighted other sustainability reporting obligations that companies have to meet, such as the European Banking Authoritys recently released ESG reporting requirements for banks, which he said will require even small banks to request information from clients, which triggers a new wave of bureaucracy.

Banking 113
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BBVA Raises Sustainable Finance Goal to More than $700 Billion by 2029

ESG Today

Spanish Bank BBVA announced the launch of a new goal to channel 700 billion (USD$735 billion) in sustainable finance between 2025 2029, with a focus on climate change and inclusive social development projects.

Banking 67
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Canada Pushes Back Requirement for Banks, Insurance Companies to Report Financed Emissions by 3 Years

ESG Today

In addition to extending the timeline for financed emissions, OSFIs update also included an implementation date for the disclosure of off-balance sheet emissions, such as those from capital markets activities, with reporting set to begin on fiscal year 2029.

Banking 110
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NBIM Acquires $1.5 Billion Stake in Offshore Wind Projects from RWE

ESG Today

Norges Bank Investment Management (NBIM), the investment manager for Norways $1.8 Nordseecluster is being built in two phases, with construction at sea scheduled to begin in 2025, full commissioning for the first phase planned for 2027, and for the second phase in 2029. billion (USD$1.5

Banking 71
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ECB warns fossil-fuel-exposed banks they risk €21bn in annual losses by 2029

Environmental Finance

The European Central Bank (ECB) has delivered its starkest warning to-date of the damage a delayed transition to a net zero economy would inflict on the financial system.

Banking 49
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EU Lawmakers Agree to Ramp Emissions Reduction Requirements for Road, Ag and Buildings Sectors to 40% by 2030

ESG Today

Flexibilities that can be used by member states include banking and borrowing emissions reductions between years, and trading emissions reduction allocations among the states. of allocations until 2025, and up to 5% from 2026 – 2030.

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The Quiet Revival of Microfinance: Why The Sector is Poised for Greater Growth and Impact in 2025 and Beyond

James Militzer

By the time microfinances pioneering practitioners, Muhammad Yunus and Grameen Bank, won the Nobel Peace Prize in 2006, the sector was widely seen as a promising perhaps even game-changing tool for poverty alleviation and global development. These figures show a clear upward trajectory in microfinance investments and services globally.