A landmark international framework designed to help financial institutions carry out credible, transparent and high‑integrity net zero transition planning has been published by BSI to encourage banks and financial institutions to close the gap between climate ambition and action. Net Zero Transition Planning for Financial Institutions (ISO 32212) specifies requirements and provides recommendations for strategic net zero transition planning by financial institutions.
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14 December 202514 December 2025Regulation, Updates
Deal reached on updated EU sustainability reporting and due diligence
Legal Affairs Committee MEPs and the European Council have agreed to reduce sustainability reporting and due diligence requirements for companies, a proposal that forms part of the so-called Omnibus I package. According to the informal agreement, social and environmental reporting will only be required for EU companies employing on average over 1,000 employees and with a net annual turnover of over €450m. The net turnover threshold has also been increased for non-EU companies to €450m generated in the EU for sustainability reporting.
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26 June 202526 July 2025Energy, Finance, Regulation, Updates
UK to become sustainable finance capital of the world
The UK Energy Secretary, Ed Miliband, has outlined plans to support banks and large companies in developing climate transition plans. To date, about 70% of FTSE 100 companies have voluntarily developed many of the key elements of a transition plan. The UK Government says that widespread transition planning will help provide long-term certainty and clarity to help scale the sustainable finance industry.