
Finance Watch
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Making finance serve society | Finance Watch is an independent non-profit association dedicated to reforming finance in the interest of citizens.
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http://www.finance-watch.org 23-05-2011 11:37:41
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The Council's #Omnibus 'simplification' marks a retreat from EU #SustainableFinance goals & fuels the deregulatory wave: 🌊Delays transition plans 🌊Exempts companies w/ <5,000 employees from due diligence & transition plan rules 🌊Cuts reporting by 80% finance-watch.org/press/council-…

Banks must account for the risk of investing in companies that delay climate action - but current rules are very flexible. Supervisors need to make sure these tests are realistic & do not paint too rosy a picture. Check out our latest recommendations 👇 finance-watch.org/policy-portal/…

“Unlike other financial risks, climate risk is not cyclical; it is cumulative and irreversible. But the FSB is closing the door on a timely and coherent global regulatory response,” said Julia Symon, head of research and advocacy at Finance Watch.
