The goal of the European Green Deal is to transform the European economy for a sustainable future. The ambition for the European Union to become climate neutral is contained in the 2030 and 2050 climate targets. One of the goals is the creation and implementation of a clean, circular economy. The Waste Regulation therefore sets […]
The “Farm to Fork” strategy is part of the European Green Deal. The strategy aims to make food systems fair, healthy and environmentally friendly. The construction of the strategy An environmentally friendly food system helps accelerate the sustainability transition. This is a system that (i) has a neutral or positive impact on the environment, (ii) […]
We have previously written about the Taxonomy Ordinance. Among other things, the Taxonomy Ordinance sets out when investments qualify as environmentally sustainable. The Taxonomy Regulation forms together with the SFDR (Sustainable Finance Disclosure Regulation), the CSRD (Corporate Sustainability Reporting Directive), the Sustainability Benchmark Regulation the European “Sustainable Finance” legislative package. Since January 2022, the European […]
In the period from 31 October to 12 November 2021, the 26e Conference of Parties (COP) of the United Nations Framework Convention on Climate Change (UNFCC) took place in Glasgow. On the agenda was the further elaboration of the Paris Climate Agreement (2015). I: climate targets In the Paris Climate Agreement (2020), 195 states and […]
On 17 September 2021, the European Commission proposed a regulation to address deforestation: the Commission’s proposal concerning the making available on the EU market and the export from the EU of certain goods and products related to deforestation and forest degradation and repealing Regulation 995/2010. Hereinafter this proposal will be referred to as the Forest […]
At the end of April this year, the European Commission (hereinafter: ‘Commission’) announced its intention to extend the Directive 2014/95/EU regarding the publication of non-financial information (the Non-financial Reporting Directive, hereinafter: ‘NFRD’). In the future, corporate social responsibility (CSR) disclosure should also be taken into account. This intention stems from the European Green Deal which […]
An analysis by Milieudefensie/Royal Dutch Shell Recently, the District Court of The Hague ruled in favour of Milieudefensie: Royal Dutch Shell (hereafter: ‘RDS’) failed in its policy to prevent dangerous climate change and was ordered to achieve a 45% reduction within the Shell group (hereafter: ‘Shell’) by the end of 2030. This ruling must have […]
The Intergovernmental Panel on Climate Change (IPCC) is a well-known organisation that assesses the risks of climate change based on the status quo of scientific research. The IPCC was established in 1988 by the United Nations Environment Programme (UNEP) and the World Meteorological Organisation (WMO). The reports issued by the IPCC are highly regarded worldwide […]
What should the management board and the supervisory board (hereafter: ‘SB’) of the company focus on? The text of the Civil Code (“DCC”) provides in articles 2:129/239 paragraph 5 DCC for the management board and 2:140/250 paragraph 2 DCC a rather minimal guideline: the interest of the company and its affiliated enterprise. Case law has […]
Most firms have set up a war room to triage their immediate response to the crisis. But the lack of visibility around future demand complicates efforts to restart stalled portfolio companies…
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