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Real-time News
July 3 – Under revised disclosure requirements, European asset management companies are no longer required to report ESG data for all assets they hold. The European Commission stated that asset management companies with a “fiduciary duty” to clients and managing portfolios under a “mandate with clients” are exempt from providing such information. This is part of the revised EU sustainability reporting standards published on Friday. These requirements, officially known as the European Sustainability Reporting Standards (ESRS), detail how companies should comply with the EU’s Corporate Sustainability Reporting Directive. The Commission conducted a public consultation on its proposed “authorization bill,” the initial draft of which was published in May and received over 400 responses. EU authorities have spent months revising the ESRS as part of a broader EU initiative to simplify reporting requirements and enhance competitiveness. In a statement, the European Commission said the revised standards reduce the number of data points companies must report by more than 60%.German Chancellor Merz: I cannot criticize Lithuanias move to end the nuclear weapons ban.Indias Trade Minister: Merchandise exports are expected to grow by 16% to 17% this year.German Chancellor Merz: (Regarding Trumps remarks) will raise the issue of Germany and Europe increasing their contributions to NATO at next weeks NATO summit.According to the Shanghai Stock Exchanges official website, the IPO application status of Duality Biotherapeutics Inc. on the Science and Technology Innovation Board has changed to "under inquiry".
