Breaking news – Sustainable Finance

What’s new in sustainable finance? 

Every week, Carbon4 Finance shares the latest headlines in sustainable finance. 

France is the first country to transpose CSRD into French law. From December, the CSRD will be applied for French companies. Moreover, all UE member states are expected to transpose the directive into their national law by July next year maximum.  

The French ISR label published its new referential document. Overall, the label will require stricter stock selection, in particular exclusion of companies exploiting coal or non-conventional hydrocarbons, or new projects to explore, exploit or refine hydrocarbons (oil or gas). The changes will come into effect on the 1st of March 2024. 

ESMA is planning major changes in its guidance on fund names, eliminating the 50% threshold for sustainable investments, introducing a category for transition-related terms, and separating the terms "E", "S", and "G". These changes, scheduled to follow AIFMD 2 and UCITSD VI in 2024, will take effect three months after their publication on the EU website. 

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