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29th Mar 2024

Ticker

Corporate due diligence delay 'unacceptable,' NGOs say

A group of 47 civil society organisations on Wednesday raised concerns over a fresh delay to the publication of the Sustainable Corporate Governance initiative – a proposal that would introduce mandatory due diligence for companies regarding sustainability and human rights. NGOs called on the European Commission to show leadership, arguing that is "unacceptable" that an initiative, announced in 2020, is delayed three times. Its publication is expected in early 2022.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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