President von der Leyen identified two key challenges we need to address to boost global sustainable investment: First, how to attract more capital towards sustainable investment. Second, how to bring more countries on board, and
The UN Working Group on Business and Human Rights criticised Italian authorities for actions that “tarnish the reputation of Italy in the field of business and human rights and should be immediately addressed to protect the
Falcon Private Bank, which has ceased operations, is accused of helping one of its former directors to embezzle $3.8 million (CHF3.5 million) from Malaysia’s sovereign wealth fund 1MDB. The bank’s ex-CEO, Eduardo Leeman, also faces
The European Commission proposed on Wednesday that developing countries wishing to prosper from access to EU markets should uphold environmental and governance standards and adhere to extra commitments on human and labour rights. The European
The European Union will move forward with a ban on forced labour products, European Commission President Ursula von der Leyen confirmed on Wednesday, a move widely seen as being directed at China. Speaking at her second
German lawmakers will question Finance Minister Olaf Scholz over suspected failings at the government anti-money laundering agency next Monday, only days before a federal election which his party is projected to win. Scholz will answer
German prosecutors raided the finance and justice ministries on Thursday as part of an investigation into the government’s anti-money laundering agency, putting a spotlight on Germany’s failings in tackling financial crime. The probe into the
Several German companies have been accused of “profiting” from the forced labour of Uyghur Muslims in China. The allegation was made by the Berlin-based NGO, The European Centre for Constitutional and Human Rights (ECCHR). High-profile
Finance has emerged as one of the sectors around which climate risk is least well understood, according to a review intended to set a new investing mandate for the world’s biggest wealth fund. Norges Bank
The European Union’s top diplomat on Thursday called on the world’s biggest economies to set tougher climate targets – including a commitment to eliminate their greenhouse gas emissions – in time for a global climate
The United Arab Emirates on Wednesday extradited a former chief of Algeria’s state oil and gas company Sonatrach to face trial over alleged involvement in corruption cases, Algerian state television reported. Television footage showed Abdelmoumene
On Thursday, the European Commission published a guide to assess whether planned infrastructure projects are equipped to cope with climate change impacts like floods and heatwaves, a condition that must be met to receive certain
