Directive (EU) 2026/470, adopted on 24 February 2026 and published in the Official Journal on 26 February 2026, amends EU corporate sustainability reporting and corporate sustainability due diligence rules by narrowing scope, introducing value chain protections, removing the transition to reasonable assurance, and reshaping the Corporate Sustainability Due Diligence Directive…

In February 2026, the European Financial Reporting Advisory Group (EFRAG) published its official response to the proposed revisions of the Greenhouse Gas Protocol (GHG Protocol) Scope 2 Guidance. EFRAG supports improvements to Scope 2 accounting but urges a balanced, proportionate, and cost-effective approach to implementation. This article summarises EFRAG’s key…

What Was the MiFID SME Growth Markets Initiative? The European Commission has confirmed the cancellation of the public consultation initiative related to MiFID costs disclosure for research covering multilateral trading facility (MTF) segments registered as SME growth markets, originally published on its Better Regulation “Have Your Say” portal under reference…

The integration of environmental, social, and governance (ESG) factors into the prudential supervision of the European financial sector represents one of the most significant shifts in regulatory methodology since the implementation of Basel III and Solvency II. On January 8, 2026, the European Supervisory Authorities—the European Banking Authority (EBA), the…

We reviewed if this year will be any changes regarding ESG on the USA market and would like to share a recent update that suggests a fundamental, and perhaps irreversible, bifurcation of the American corporate reporting landscape. While the federal government has effectively beat a strategic retreat into the safety…

What is changing in SFDR in 2025? In November 2025, the European Commission published a legislative proposal to amend the Sustainable Finance Disclosure Regulation (SFDR – Regulation (EU) 2019/2088). The proposal fundamentally restructures how sustainability-related financial products are regulated, disclosed, and marketed in the European Union. Rather than expanding disclosure…

Introduction: Why ESG ratings supervision now matters Environmental, Social and Governance (ESG) ratings have become a structural component of EU capital markets. They influence investment decisions, portfolio construction, sustainability disclosures, and risk management across the financial system. As their market relevance has grown, so too has regulatory concern around methodological…

When Donald Trump speaks about Greenland, he does so in the grammar of ownership. When Europe speaks about Greenland, it reaches for consultations, joint communications and regulatory updates. The contrast is telling and increasingly consequential. The Arctic is no longer distant enough to be abstract, nor stable enough to be…

Recognition rarely arrives by accident. When it does, it usually reflects a convergence of timing, technology, and purpose. Generation Impact Global was named among the Forbes Top 100 Italian Startups at the end of last year, in December 2025, when Forbes Italia included the company in its annual special issue…

A pragmatic retreat from the 100% reuse target for straps and films Europe’s Pallet Problem and Packaging Waste Pallets are the flat, wooden workhorses of global trade. Billions of them circulate annually, bearing everything from Spanish tomatoes to Swedish flat-pack furniture. But while the pallets themselves are a model of…