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EU Commission Withdraws Greenwashing Law Proposal, Raising Concerns Over Green Deal Commitment

EU Commission Withdraws Greenwashing Law Proposal, Raising Concerns Over Green Deal Commitment

Key Impact Points: Commission Pulls Plug on Greenwashing Proposal The European Commission has announced it plans to withdraw its proposed Green Claims Directive, a central piece of its Green Deal strategy designed to curb greenwashing in corporate marketing. The legislation aimed to ensure companies’ environmental claims were “accurate, substantiated and

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Basel Committee Unveils Voluntary Climate Risk Disclosure Framework for Banks

Basel Committee Unveils Voluntary Climate Risk Disclosure Framework for Banks

Key Impact Points: Basel Committee Publishes Voluntary Climate Disclosure Framework The Basel Committee on Banking Supervision has released a voluntary framework for disclosing climate-related financial risks, allowing individual jurisdictions to decide whether and how to implement it domestically. Built-in Flexibility for Evolving Data Recognizing the rapid evolution of climate-related data,

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EU Ombudsman Queries Commission’s Sustainability U-Turn

EU Ombudswoman Slams Commission’s Sustainability U-Turn

Key Impact Points What’s under scrutiny The EU Ombudswoman Teresa Anjinho opened an inquiry on 21 May 2025 into how the European Commission drafted its Omnibus I simplification package. That package proposes to limit the Corporate Sustainability Reporting Directive to companies with over 1,000 employees and €50 million turnover and

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